122 S Hanover Avenue Lexington, KY $ 849,000
122 S Hanover Avenue
$ 849,000
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122 S Hanover Avenue

Lexington, KY, 40502
$ 849,000
Bedrooms4 Baths4.0 Sq 3,600

Monthly Estimate*

$ 5,227

122 S Hanover Avenue, Lexington, KY 40502 - Image 1
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Multi-Family Home for sale in Lexington, KY

for $849,000 with 4 bedrooms and 4 full baths. This 3,600 square foot home was built in 1930 on a lot size of 0.17.

Ashland Park stately brick 4-Plex investment or potential for individual ownership or make this a single family home! Convenient to Downtown, Chevy Chase, UK, Henry Clay Estate, Kenwick Table, local shops, restaurants and more.Each unit has hardwood floors, individual central heat/air, spacious closets, outside decks/porches, 3 garage spaces and driveway for at least 2 additional cars.First floor units1 & 2 have living room, bedroom and kitchen, front entrance and rear exits and front porch access.Second floor unit 3 has living room, formal dining room, large kitchen, bath, bedroom and access to the large deck off the rear, front entrance and rear exit. Second floor unit 4 has living room, kitchen and bath and the 3rd floor large bedroom and office area with deck off the rear. Property has 3 car garage, full shared basement with storage and laundry (Coin operated could be installed) Roof and garage doors are 5yrs old, 1 HVAC unit replaced 2025, rebuilt front porch roof 2026, exterior painted 2026. Property is in Historic H-1 overlay requiring approval for exterior changes.24-48 hr notice. All tenants would like to continue. Units 1 ($1000),2 ($1150),4 ($1300) are month to month. Unit 3 lease ends Sept 1, 2026.Rental amounts of units 3 and 4 are under typical market rent. Listing agent is owner.

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Multi-Family Active

Price

$ 849,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Quadruplex

Lot Size

0.17

Year Built

1930

Town/City

Lexington

County/Region

Fayette

MLS | Web ID

26010528

Features
General
Heating Electric Heat Pump
Cooling Electric Heat Pump
Possession Close Of Escrow Subject To Tenant Rights
Roof Composition Rubber
Zoning R-2
Year Built 1930
Property Subtype Quadruplex
Parcel Number 13325900
Gross Income 4645.0
Community Features Park Pool Tennis Court(s)
County Fayette
New Construction N
Property Type Residential Income
Association Amenities Other
Attached Garage N
Subdivision Name Ashland Park
Full Baths 4
Status Active
Directions South Hanover between Richmond Rd and Fincastle.
High School Henry Clay
City Lexington
High School District Fayette County - 1
Zoning Description R-2
Number Of Units Total 4
MLS Area 003 - Fayette County SE
Lot Size Units Acres
Lot Size Square Feet 7501.0
Elementary School Cassidy
Land Lease Y/N N
Middle/Junior High School Morton
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 Open Paved
Total Parking 5.0
Lot Size Area 0.17
Number of Buildings 1
Building Area Total 3600.0
Lot Size Acres 0.17
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Air Conditioning Y/N Y
Heating Y/N Y
Half Baths 0
Laundry Features Electric Dryer Hookup Washer Hookup
Total Bedrooms 4
Total Baths 4
Heating-Heat Pump True
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Internal Only
Street Number 1 122
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* Excluded Features
List By
United Real Estate Bluegrass

Broker

Affordability Calculator

$5,227
Per Month
100%
0%
0%
Monthly Principal & Interest
$5,227
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
3289560 Elementary School
3292767 Middle School
Henry Clay High School High School
Pricing History
DatePricePrice ChangeDescription
5/14/2026$849,000 Listed Price

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122 S Hanover Avenue, Lexington, KY, 40502 is a Multi-Family Home for sale at $849,000 with 3,600 sqft and a lot size of 0.17. 122 S Hanover Avenue has 4 bedrooms, 4.0 baths, and was built in 1930. The property's zip code is 40502 which is in Lexington, KY