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422-424 E 2nd Street Lexington, KY $ 225,000
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$ 225,000 Get more info
422-424 E 2nd Street
$ 225,000
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422-424 E 2nd Street

Lexington, KY, 40508
$ 225,000
Bedrooms2 Baths2.0 Sq 1,021

Monthly Estimate*

$ 1,385

422-424 E 2nd Street, Lexington, KY 40508 - Image 1
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Multi-Family Home for sale in Lexington, KY

for $225,000 with 2 bedrooms and 2 full baths. This 1,021 square foot home was built in 1957 on a lot size of 0.08.

Opportunity Knocks! Whether you're looking for your first investment with a great live-in duplex option or you're a seasoned investor adding to a strong, low-vacancy portfolio, this property is a standout opportunity. Both units are studio-style layouts, offering simple, efficient living spaces that have great appeal. Inside, you'll find luxury vinyl plank flooring throughout. The location also offers on-street parking and easy access to downtown Lexington. One unit is rented and the other is renovated and ready for a new tenant or owner occupant. Currently renting at $825 per month per unit.

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Multi-Family Active

Price

$ 225,000

Bedrooms

2

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Duplex

Lot Size

0.08

Year Built

1957

Town/City

Lexington

County/Region

Fayette

MLS | Web ID

26000741
Features
General
Heating Baseboard
Cooling Window Unit(s)
Utilities Electricity Connected Sewer Connected Water Connected
Possession Close Of Escrow Rental Agreement Subject To Tenant Rights
Roof Shingle
Zoning Other
Year Built 1957
Property Subtype Duplex
Parcel Number 14703000
Community Features Park
County Fayette
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name Downtown
Full Baths 2
Status Active
Directions From Midland Ave turn on E Second St. House is on the left immediately after crossing Race St. From Elm Tree Ln turn on Corral St then left on Race St and immediately left on E Second St. House is on
High School Henry Clay
City Lexington
High School District Fayette County - 1
Zoning Description R-3 - PLANNED NBHD RESIDENTIAL
Number Of Units Total 2
MLS Area 002 - Fayette County NE
Lot Size Units Acres
Lot Size Square Feet 3659.04
Elementary School Ashland
Land Lease Y/N N
Middle/Junior High School Lexington Trad
MLS Area Minor 002 - Fayette County NE
Lease Considered Y/N N
Rent Control Y/N N
Structure Type Duplex
Standard Status Active
Total Actual Rent 1650.0
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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Exterior
Parking Features Other
Lot Size Area 0.08
Number of Buildings 1
Building Area Total 1021.0
Lot Size Acres 0.08
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Air Conditioning Y/N Y
Heating Y/N Y
Half Baths 0
Laundry Features Electric Dryer Hookup Washer Hookup
Total Bedrooms 2
Total Baths 2
Heating-Baseboard True
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Internal Only
Street Number 1 422424
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* Excluded Features
List By
The Local Agents

Broker

walker@thelocalagents.com

Email

Affordability Calculator

$1,385
Per Month
100%
0%
0%
Monthly Principal & Interest
$1,385
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3290062 Elementary School
3292819 Middle School
Henry Clay High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/12/2026$225,000 Listed Price

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422-424 E 2nd Street, Lexington, KY, 40508 is a Multi-Family Home for sale at $225,000 with 1,021 sqft and a lot size of 0.08. 422-424 E 2nd Street has 2 bedrooms, 2.0 baths, and was built in 1957. The property's zip code is 40508 which is in Lexington, KY

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