414 Morrison Avenue, Lexington, KY 40508

Lexington
Local realty services provided by:ERA Select Real Estate
414 Morrison Avenue,Lexington, KY 40508
$249,900
  • 4 Beds
  • 2 Baths
  • 1,581 sq. ft.
  • Multi-family
  • Active
Listed by: cole t guthrie
Office: belmont realty group
MLS#:26021218
Source:KY_LBAR

Price summary

  • Price:$249,900
  • Price per sq. ft.:$158.06

About this home

This offering includes both sides of the duplex at 414 and 414½ Morrison Avenue. Each unit features two bedrooms and one full bathroom. Both units are currently rented for $625 per month, providing a combined gross monthly income of $1,250. Estimated market rents in the property's current condition are approximately $1,100 to $1,300 per unit, offering significant income-growth potential. The 414 Morrison Avenue unit was updated in 2014, while the 414½ unit has not been updated and offers an opportunity for future improvements and additional value. Neither side has a lease; both tenants currently occupy on a month-to-month basis. This is a solid opportunity for an investor seeking immediate rental income with substantial upside potential near downtown Lexington.

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Home facts

  • Year built:1958
  • Subdivision & Development:Downtown
  • Listing ID #:26021218
  • Added:5 day(s) ago
  • Updated:August 12, 2026 at 03:05 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:1,581 sq. ft.

Heating and cooling

  • Heating:Forced Air, Natural Gas
  • Central air:Yes

Structure and exterior

  • Year built:1958
  • Building area:1,581 sq. ft.
  • Lot area:0.13 Acres

Schools

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

Finances and disclosures

  • Price:$249,900
  • Price per sq. ft.:$158.06

Features and amenities

  • Laundry features:Main Level
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