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414 Morrison Avenue Lexington, KY $ 249,900
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414 Morrison Avenue
$ 249,900
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414 Morrison Avenue

Lexington, KY, 40508
$ 249,900
Bedrooms4 Baths2.0 Sq 1,581

Monthly Estimate*

$ 1,578

414 Morrison Avenue, Lexington, KY 40508 - Image 1

Multi-Family Home for sale in Lexington, KY

for $249,900 with 4 bedrooms and 2 full baths. This 1,581 square foot home was built in 1958 on a lot size of 0.13.

This offering includes both sides of the duplex at 414 and 414½ Morrison Avenue. Each unit features two bedrooms and one full bathroom. Both units are currently rented for $625 per month, providing a combined gross monthly income of $1,250. Estimated market rents in the property's current condition are approximately $1,100 to $1,300 per unit, offering significant income-growth potential. The 414 Morrison Avenue unit was updated in 2014, while the 414½ unit has not been updated and offers an opportunity for future improvements and additional value. Neither side has a lease; both tenants currently occupy on a month-to-month basis. This is a solid opportunity for an investor seeking immediate rental income with substantial upside potential near downtown Lexington.

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Multi-Family Active

Price

$ 249,900

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Duplex

Lot Size

0.13

Year Built

1958

Town/City

Lexington

County/Region

Fayette

MLS | Web ID

26021218
Features
General
Heating Forced Air Natural Gas
Cooling Central Air
Utilities Cable Connected Electricity Connected Natural Gas Connected Water Connected
Possession Close Of Escrow
Roof Composition Shingle
Zoning R-2
Year Built 1958
Property Subtype Duplex
Parcel Number 11564400
County Fayette
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name Downtown
Full Baths 2
Status Active
Directions From downtown Lexington take North Broadway approximately one mile. Turn left onto Morrison Avenue. The property including both 414 and 414½ Morrison Avenue will be on Morrison Avenue between North B
High School Lafayette
City Lexington
High School District Fayette County - 1
Zoning Description R-2
Number Of Units Total 2
MLS Area 001 - Fayette County NW
Lot Size Units Acres
Lot Size Square Feet 5624.0
Elementary School Harrison
Land Lease Y/N N
Middle/Junior High School Lexington Trad
MLS Area Minor 001 - Fayette County NW
Lease Considered Y/N N
Rent Control Y/N N
Structure Type Duplex
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 Street On Site Open Paved
Total Parking 6.0
Lot Size Area 0.13
Number of Buildings 2
Building Area Total 1581.0
Lot Size Acres 0.13
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Air Conditioning Y/N Y
Heating Y/N Y
Half Baths 0
Laundry Features Main Level
Total Bedrooms 4
Total Baths 2
Heating-Forced Air True
Heating-Natural Gas True
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Internal Only
Street Number 1 414
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* Excluded Features
List By
Belmont Realty Group

Broker

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$1,578
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Monthly Principal & Interest
$1,578
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Default based on a 30-year fixed rate of 6.49% 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
3289948 Elementary School
3292819 Middle School
Lafayette High School High School
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Pricing History
DatePricePrice ChangeDescription
8/6/2026$249,900 Listed Price

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414 Morrison Avenue, Lexington, KY, 40508 is a Multi-Family Home for sale at $249,900 with 1,581 sqft and a lot size of 0.13. 414 Morrison Avenue has 4 bedrooms, 2.0 baths, and was built in 1958. The property's zip code is 40508 which is in Lexington, KY

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