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1801 & 1805 Gerald Drive Lexington, KY $ 874,900
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1801 & 1805 Gerald Drive
$ 874,900
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1801 & 1805 Gerald Drive

Lexington, KY, 40511
$ 874,900
Bedrooms24 Baths12.0 Sq 10,368

Monthly Estimate*

$ 6,043

1801 & 1805 Gerald Drive, Lexington, KY 40511 - Image 1

Multi-Family Home for sale in Lexington, KY

for $874,900 with 24 bedrooms and 12 full baths. This 10,368 square foot home was built in 1976 on a lot size of 1.13.

Excellent investment opportunity featuring two six-unit apartment buildings at 1801 and 1805 Gerald Drive. The property offers 12 total units, each with 2 bedrooms and 1 bathroom, totaling 24 bedrooms and 12 bathrooms. Individually metered units, along with updated electrical systems and HVAC, provide added value for ownership and management. An income-producing multifamily asset offering investors the opportunity to expand their portfolio with established rental potential.

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Multi-Family Active

Price

$ 874,900

Bedrooms

24

Full Bath

12

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

1.13

Year Built

1976

Town/City

Lexington

County/Region

Fayette

MLS | Web ID

26028360
Features
General
Heating Electric Forced Air Heat Pump
Cooling Central Air Electric
Utilities Cable Available Electricity Connected Phone Available Sewer Connected Water Connected
Possession Close Of Escrow
Roof Dimensional Style Flat Membrane Shingle
Zoning R-4
Security Features Fire Sprinkler System
Year Built 1976
Property Subtype Apartment
Parcel Number 16556500
Gross Income 9850
County Fayette
Property Type Residential Income
Attached Garage false
Subdivision Name Winburn Estates
Full Baths 12
Status Active
Directions From downtown Lexington take North Broadway to New Circle Road (KY-4) north. Exit onto Russell Cave Road then turn left onto Winburn Drive and continue to Gerald Drive.
High School Bryan Station
City Lexington
High School District Fayette County - 1
Zoning Description High Density Residential
Number Of Units Total 12
MLS Area 001 - Fayette County NW
Lot Size Units Acres
Lot Size Square Feet 49005
Elementary School Mary Todd
Middle/Junior High School Winburn
MLS Area Minor 001 - Fayette County NW
Structure Type Multi Family
Standard Status Active
Total Actual Rent 9850
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Interior
Total Stories 3
Air Conditioning Y/N true
Heating Y/N true
Half Baths 0
Laundry Features Electric Dryer Hookup Washer Hookup
Total Bedrooms 24
Total Baths 12
Heating-Heat Pump true
Heating-Forced Air true
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Exterior
Parking Features On Site Open Paved
Total Parking 24
Lot Size Area 1.13
Number of Buildings 2
Building Area Total 10368
Lot Size Acres 1.13
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Internal Only
Street Number 1 18011805
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* Excluded Features
List By
Bluegrass Sotheby's International Realty

Broker

jturek@bgsir.com

Email

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$6,043
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Monthly Principal & Interest
$6,043
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Default based on a 30-year fixed rate of 7.375% 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
4786025 Elementary School
4718938 Middle School
Bryan Station High School High School
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Pricing History
DatePricePrice ChangeDescription
10/13/2026$874,900 Listed Price

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1801 & 1805 Gerald Drive, Lexington, KY, 40511 is a Multi-Family Home for sale at $874,900 with 10,368 sqft and a lot size of 1.13. 1801 & 1805 Gerald Drive has 24 bedrooms, 12.0 baths, and was built in 1976. The property's zip code is 40511 which is in Lexington, KY

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