40505 Homes under $350,000

40505 Homes under $350,000

Welcome to the vibrant and welcoming community of Lexington, Kentucky, nestled in the heart of Fayette County, where the zip code 40505 offers a delightful blend of charm, convenience, and affordability. This area is known for its rich history, stunning horse farms, and a thriving arts scene, making it a fantastic place to call home.

For those seeking homes under $350,000, 40505 is a treasure trove of options. Whether you're a first-time homebuyer, a growing family, or looking to downsize, you'll find a variety of charming residences that fit your budget without compromising on quality. From cozy bungalows to spacious townhomes, the real estate market in this area caters to diverse tastes and preferences.

Living in 40505 means having access to an array of amenities. Enjoy the lush parks, local shops, and a variety of dining options that showcase Lexington’s culinary delights. The area is also home to excellent schools, making it an ideal spot for families. Additionally, with easy access to major highways and public transportation, commuting to downtown Lexington or nearby attractions is a breeze.

The community spirit in 40505 is palpable, with friendly neighbors and local events that foster connections and camaraderie. Whether you’re strolling through the picturesque streets or enjoying a weekend at one of the local farmers' markets, you’ll quickly feel at home in this inviting neighborhood.

Explore the possibilities in Lexington’s 40505 zip code today, where affordable living meets a vibrant lifestyle!

Newest 40505 Homes under $350,000

411 Park View Ave, Lexington
$199,000
2 Beds ⋅ 1 Baths ⋅ 26027489 MLS
Perfect downtown package in this sweet house! Located directly across from Castlewood Park and the beloved Loudon House, enjoy your morning coffee or winddown after a busy day on the front porch with the great view! Enjoy all the fun happenings in the NoLi District and Greyline Station! Step inside this cute house to the large living room, there are 2 bedrooms (possibly 3 currently a home office), 1 remodeled bathroom, the kitchen and den offer lots of space with large sunny windows and views to the backyard. The unfinished basement offers good storage space. The large deck overlooking the lovely landscaped backyard brings nature to your downtown living. The detached garage offers room for your car plus work and storage space. The Seller has loved this home and has made awesome improvements, some of the many are: new roof (2021), new gutters (2022), new windows, except large picture window in den (2022) & new siding (2022). Enjoy walking through Castlewood Park or swimming at the park's pool in the summer or playing tennis. Take in all the wonderful art exhibits and happenings at the Loudon House. An easy walk to the NoLi District, Greyline Station and more! This adorable home is waiting for you!

411 Park View Ave, Lexington
562 Sandalwood Dr, Lexington
$225,000
3 Beds ⋅ 1 Baths ⋅ 26027434 MLS
Welcome to 562 Sandalwood Drive, a charming 3-bedroom, 1-bath ranch nestled in the Deep Springs neighborhood of Bryan Station. This inviting home offers comfortable one-level living with a practical layout and a warm, welcoming feel. Solar panels on the roof offer an added energy-efficiency feature that may help reduce monthly utility costs, providing potential savings for the next homeowner. Conveniently located near shopping, dining, parks, schools, and major Lexington roadways, this home is a great opportunity for a first-time buyer, downsizer, or investor. Enjoy the ease of ranch-style living with the added benefit of solar energy! *3rd bedroom does not have doors, seller has a quote to have doors put on.

562 Sandalwood Dr, Lexington
480 Glendora Dr, Lexington
$334,900
3 Beds ⋅ 2 Baths ⋅ 26027065 MLS
Offering more finished space than many homes in the neighborhood, this well-maintained 3-bedroom, 2-full-bath home is tucked away on a quiet cul-de-sac. The open living room is filled with natural light from a remote-controlled skylight, while mature trees provide shade and a peaceful backdrop in the backyard. Recent improvements include a new roof (2023), new flooring throughout the main living areas in (2021),and a replacement sump pump (2021). Conveniently located near New Circle Road and Kroger. The expansive basement includes 454 square feet of finished space with laminate flooring, ideal for a recreation room, home office, or additional living area, plus convenient access to plumbing and utilities.

480 Glendora Dr, Lexington
528 Henry Clay Blvd, Lexington
$225,000
2 Beds ⋅ 1 Baths ⋅ 26026973 MLS
Opportunity awaits with this Lexington property! This home has great bones and tons of potential for the buyer with a vision. Whether you're an investor searching for your next renovation project or a buyer ready to put your own personal touch on a home, this property offers an excellent opportunity to bring new life to a well-established home. With its convenient Lexington location and solid foundation to work from, this home is ready for someone to see beyond the updates needed and recognize its possibilities. Bring your ideas, your creativity, and your plans to make this property shine again! Property is being sold AS-IS. Seller will make no repairs. Inspections are welcome for the buyer's knowledge, but buyers should be prepared to purchase the property in its current condition. Great bones. Great potential. Ready for its next chapter!

528 Henry Clay Blvd, Lexington
546 Freeman Dr, Lexington
$259,000
3 Beds ⋅ 1 Baths ⋅ 26026611 MLS
Completely remodeled and move-in ready! This beautifully updated 3-bedroom, 1-bath home blends original character with thoughtful modern upgrades throughout. The stunning new kitchen features quartzite countertops, all-new cabinetry, a Kraus sink, and Frigidaire stainless steel appliances. Original hardwood floors have been professionally sanded and re-stained, and the entire interior has been freshly repainted for a bright, clean feel. The bathroom has been completely refreshed with a new bathtub, vanity, and tile, while the laundry room features new tile flooring along with added cabinetry and storage. Updated plumbing and electrical, newer windows and roof, and all-new light fixtures round out the extensive renovations. Beautifully finished from top to bottom, this home offers the charm of an established home with the style, functionality, and updates today's buyers are looking for.

546 Freeman Dr, Lexington
1653 Lindy Ln, Lexington
$274,000
3 Beds ⋅ 1 Baths ⋅ 26026924 MLS
Charm and function collide in the most pleasing way in this adorable powder blue Cape Cod in the convenient and popular Henry Clay neighborhood. Original hardwood floors, replacement windows and a dreamy cottage-core renovated kitchen with new appliances, including a gas range, quartz countertops, custom mill work and new cabinetry. So many thoughtful extras have been added over the years to lovingly maintain and elevate this home, including a cozy breakfast banquette, beadboard accents, new flooring on the second floor and replacement interior doors throughout. An updated full bath and two nicely sized bedrooms are on the first floor. Upstairs, you'll find ample ceiling height and closets on both sides, creating a flexible space that could be an office, playroom, large bedroom or two smaller ones. A private back patio overlooks the almost quarter-acre, fully fenced backyard (bring on the pups!) with endless possibilities. Move-in ready for fall fire pits and cozy nights, with plenty of room to dream about a huge spring garden. This home is a gem, and the next owner is a lucky one.

1653 Lindy Ln, Lexington
2206 Circle Dr, Lexington
$270,000
3 Beds ⋅ 2 Baths ⋅ 26026725 MLS
Discover the possibilities with a detached studio guest cottage which could be used as a home office, hobby room or transitional space for your soon to be college student. This unique property features a 1327 square foot, 2-bedroom, 1 bath home plus a separate 344 square foot detached structure offering an additional bedroom and full bathroom. Several recent seller updates make this home move in ready with a new fence, roof, gutters, furnace and much more.

2206 Circle Dr, Lexington
602 Freeman Dr, Lexington
$229,900
3 Beds ⋅ 1 Baths ⋅ 26026648 MLS
Welcome to 602 Freeman Drive, a charming 3-bedroom, 1-bathroom home that blends classic character with thoughtful updates and everyday functionality. Step inside to find the warmth and character of original hardwood flooring, complemented by updated LVP flooring in the living room and hallway. The inviting layout offers comfortable living spaces and a practical kitchen with updated tile flooring, along with a convenient combination laundry and pantry area featuring excellent storage. The bathroom offers a beautiful built-in vanity with a granite countertop and a convenient stand-up shower. The home's third bedroom provides flexibility to suit your needs and could easily function as a bedroom, home office, hobby room, or additional living space. Outside, enjoy the spacious, private backyard, offering a peaceful retreat for morning coffee, entertaining, or simply relaxing. The 1-car garage provides convenient parking and additional storage, with a dedicated area that would be perfect for a workshop or hobby bench. For added peace of mind, the home features a new Generac whole-home generator installed in Fall 2025. Nestled in the established Mary Todd / Thoroughbred neighborhood, this move-in ready property offers a versatile floor plan, desirable updates, and plenty of potential—whether you're looking for a comfortable starter home or a turnkey addition to your investment portfolio. Schedule your private tour today and come see all that 602 Freeman Drive has to offer!

602 Freeman Dr, Lexington
1715 Harrogate Rd, Lexington
$275,000
3 Beds ⋅ 2 Baths ⋅ 26026387 MLS
Great opportunity in ever popular Rookwood neighborhood. This 3 Br/2 Ba ranch on a basement sits on a beautiful corner lot. A bit of effort and your personal touch can make this well loved home sparkle. Large, bright living room. Spacious kitchen with dining area. Hardwood floors grace the living room, hall, and bedrooms of the first floor. Basement offers a family room with fireplace, bathroom, washer and dryer area, and lots of unfinished space for storage or working on hobbies. Enjoy relaxing on the enclosed sunroom. New roof shingles installed in March 2020 (Per a receipt found at the property). Don't let this opportunity slip by!

1715 Harrogate Rd, Lexington
765 Harrison Trce, Lexington
$300,000
3 Beds ⋅ 2 Baths ⋅ 26026073 MLS
COMPLETED NEW CONSTRUCTION AND READY FOR ITS NEW OWNER! This thoughtfully designed home makes every square foot feel comfortable, functional, and inviting. Offering 3 bedrooms and 2 full baths, this charming layout features an open-concept family room, dining area, and kitchen designed for easy everyday living and entertaining. The centrally located kitchen flows effortlessly into the main living area, creating an open and connected feel throughout the heart of the home. Designed with privacy in mind, the primary suite is tucked away on its own side of the home and features a private full bath and spacious walk-in closet. Two additional bedrooms are located on the opposite side, each offering its own walk-in closet and convenient access to the second full bath. A dedicated laundry room, attached garage, and covered front porch add function and convenience. One of the home's standout features is its peaceful setting, backing directly to a farm and offering added privacy and a beautiful country backdrop that can be hard to find. Enjoy the ease of a completed new construction home with a smart floor plan, comfortable spaces, and a peaceful setting you'll love coming home to.

765 Harrison Trce, Lexington
412 Sandalwood Dr, Lexington
$200,000
2 Beds ⋅ 1 Baths ⋅ 26025893 MLS
ABSOLUTE AUCTION — SELLS TO THE HIGHEST BIDDER REGARDLESS OF PRICE! Offered at Live On-Site Absolute Auction with Simulcast Internet Bidding. Auction is on Monday, October 12, 2026 @ 12:00 PM (EST). Property sells AS-IS, WHERE-IS with no contingencies. Buyers premium will be added to the final bid price and non-refundable earnest money required. Auction will be held at The Campbell House Inn located at 1375 S Broadway, Lexington KY 40504. Two-bedroom, one-bathroom home features a layout designed for easy, comfortable living. Off the back of the house, a bright sunroom offers a peaceful spot to relax while enjoying views of the fully fenced backyard, ideal for outdoor gatherings, pets, or gardening. The property is complete with a convenient one-car detached garage that provides secure parking and extra storage space.

412 Sandalwood Dr, Lexington
109 Fairlawn Ave, Lexington
$305,000
3 Beds ⋅ 3 Baths ⋅ 26025833 MLS
Welcome to this charming Craftsman style home in Lexington's vibrant North Limestone corridor. Offering 3 bedrooms, 2.5 bathrooms, and 2,075 square feet of character-filled living space, this property perfectly blends classic architectural appeal with ideal proximity to downtown amenities. Inside you'll find generous room sizes and an inviting floor plan designed for comfortable living and entertaining. The main level flows between living and dining spaces, complemented by a practical kitchen layout, a convenient half bath, two well-proportioned bedrooms, and a full bathroom. Upstairs, the spacious bedroom features a private en-suite bath and a bonus room that could be used as a home office, entertainment room or home gym. Outside, enjoy a private backyard setting complete with a firepit, plenty of off-street parking, and a detached 2-car garage providing valuable storage space or potential for a workshop. Located just minutes from Greyline Station, local eateries, craft breweries, and all downtown Lexington has to offer, this location delivers the ultimate urban convenience and local culture. Schedule your private tour today!

109 Fairlawn Ave, Lexington
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