1640 Nicholasville Road Lexington, KY $ 775,000
1640 Nicholasville Road
$ 775,000
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1640 Nicholasville Road

Lexington, KY, 40503
$ 775,000
Bedrooms8 Baths8.0 Sq 4,097

Monthly Estimate*

$ 4,772

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Multi-Family Home for sale in Lexington, KY

for $775,000 with 8 bedrooms and 8 full baths. This 4,097 square foot home was built in 1985 on a lot size of 0.69.

Rare investment opportunity in a prime Lexington location! This updated 4-unit apartment complex is ideally situated next to Central Baptist Hospital and just over a mile from the University of Kentucky, offering strong rental demand and excellent convenience. Each of the four units features 2 bedrooms and 2 full baths, with spacious living rooms that provide comfortable gathering space and an ample kitchen with plenty of cabinet storage, making each unit highly desirable for tenants. All units are located on the third floor of a professional office building, offering added privacy and a unique mixed-use setting. The property includes a common laundry area with coin-operated machines, as well as both elevator and stair access for ease of entry. Tenants will also appreciate the onsite paved parking lot, a valuable amenity in this highly sought-after area. With updated interiors, generous living spaces, and a fantastic location, this property is perfect for investors looking to expand their portfolio with a low-maintenance, income-producing asset.

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Multi-Family Active

Price

$ 775,000

Bedrooms

8

Full Bath

8

Property Type

Multi-Family

Taxes

$ 0

Style

Quadruplex

Lot Size

0.69

Year Built

1985

Town/City

Lexington

County/Region

Fayette

MLS | Web ID

26007439

Features
General
Heating Heat Pump Natural Gas
Cooling Ceiling Fan(s) Central Air Electric Heat Pump
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Close Of Escrow
Roof Shingle
Zoning Other
Association Fee Includes Insurance Trash Water Maintenance Grounds Maintenance Structure
Year Built 1985
Property Subtype Quadruplex
Parcel Number 10028140 10028150 10028160 10028170
County Fayette
New Construction N
Property Type Residential Income
Association Amenities Coin Laundry
Attached Garage N
Subdivision Name Commercial
Full Baths 8
Status Active
Directions Outbound Nicholasville Road toward Central Baptist Building is behind 1638 Nicholasville Road on the left just before Central Baptist.
High School Lafayette
City Lexington
High School District Fayette County - 1
Number Of Units Total 4
MLS Area 003 - Fayette County SE
Lot Size Units Acres
Lot Size Square Feet 29969.28
Elementary School Glendover
Land Lease Y/N N
Middle/Junior High School Mary E Britton
MLS Area Minor 003 - Fayette County SE
Lease Considered Y/N N
Rent Control Y/N N
Structure Type Quadruplex
Standard Status Active
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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Exterior
Parking Features On Site Paved
Lot Size Area 0.69
Number of Buildings 1
Building Area Total 4097.0
Lot Size Acres 0.69
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 3
Air Conditioning Y/N Y
Heating Y/N Y
Half Baths 0
Total Bedrooms 8
Total Baths 8
Heating-Heat Pump True
Heating-Natural Gas True
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Internal Only
Street Number 1 1640
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* Excluded Features
List By
Keller Williams Commonwealth

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Affordability Calculator

$4,772
Per Month
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0%
0%
Monthly Principal & Interest
$4,772
Monthly Property Taxes
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Monthly Home Insurance
--
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
3289918 Elementary School
4971753 Middle School
Lafayette High School High School
Pricing History
DatePricePrice ChangeDescription
4/9/2026$775,000 Listed Price

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1640 Nicholasville Road, Lexington, KY, 40503 is a Multi-Family Home for sale at $775,000 with 4,097 sqft and a lot size of 0.69. 1640 Nicholasville Road has 8 bedrooms, 8.0 baths, and was built in 1985. The property's zip code is 40503 which is in Lexington, KY