405 & 407 W Third Street, Lexington, KY 40508

Local realty services provided by:ERA Select Real Estate
405 & 407 W Third Street,Lexington, KY 40508
$590,000
  • 8 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: gokce tekeli
Office: united real estate bluegrass
MLS#:25506041
Source:KY_LBAR

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Price summary

  • Price:$590,000

About this home

An excellent investment opportunity in a fantastic downtown location! Situated right next to Transylvania University, and minutes from the new Gatton Park, Rupp Arena, popular breweries, and more, this fully rented 4-plex offers solid income and strong long-term potential. The property is being sold with the adjacent lot at 407 W Third St. The lot is zoned R-4 which is ideal for future development or expansion in a Designated Opportunity Zone. Don't miss this rare chance to own income-producing property with value-add possibilities in an unbeatable location.

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Home facts

  • Year built:1950
  • Listing ID #:25506041
  • Added:49 day(s) ago
  • Updated:January 02, 2026 at 07:56 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1950

Schools

  • High school:Lafayette
  • Middle school:Lexington Trad
  • Elementary school:Harrison

Finances and disclosures

  • Price:$590,000
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