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405 & 407 W Third St, Lexington, KY 40508

$590,000
8
BD
4
BA
3,922
SqFt
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Sold Price
$590,000
List Price
$580,000
Closing Date
Dec 23, 2025
MLS#
25506041
Status
CLOSED
Type
Multifamily
Subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Full Baths
4
Living Area
3,922
Lot Size
6,094
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Property Description

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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Additional Information

Zoning
Other
Elementary School
Harrison
Middle School
Lexington Trad
High School
Lafayette
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Listing courtesy of United Real Estate Bluegrass. Selling Office: .