388 Redding Road Lexington, KY $ 1,099,900
388 Redding Road
$ 1,099,900
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388 Redding Road

Lexington, KY, 40517
$ 1,099,900
Bedrooms16 Baths8.0 Sq 7,300

Monthly Estimate*

$ 6,772

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Multi-Family Home for sale in Lexington, KY

for $1,099,900 with 16 bedrooms and 8 full baths. This 7,300 square foot home was built in 1978 on a lot size of 0.27.

Attention Investors! 8-Unit Apartment Building. Turn-Key Investment Opportunity With Immediate Value-Add Potential! All the heavy lifting has already been done on this fully occupied asset, making it an easy addition to your portfolio. Recent major capital improvements include a newer roof, gutters, windows, siding, and breaker panels. Several units have also been recently updated/renovated, creating a strong blend of current stability and upside through future interior updates. The property is currently 100% occupied, with all tenants (8) on month-to-month leases, offering maximum flexibility for rent increases, additional renovations, or portfolio repositioning. 5 of 8 tenants are long-term residents who would love to stay, providing dependable in-place income from day one. Seller is license KY real estate agent.

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Multi-Family Active

Price

$ 1,099,900

Bedrooms

16

Full Bath

8

Property Type

Multi-Family

Taxes

$ 0

Style

Quadruplex

Lot Size

0.27

Year Built

1978

Town/City

Lexington

County/Region

Fayette

MLS | Web ID

26007953

Features
General
Heating Electric
Cooling Central Air
Possession Close Of Escrow
Year Built 1978
Property Subtype Quadruplex
Parcel Number 13744638
Gross Income 90300.0
County Fayette
New Construction N
Property Type Residential Income
Subdivision Name Kirklevington
Full Baths 8
Status Active
Directions Nicholasville Rd To E Reynolds Rd To Lansdowne Dr To Redding Rd. Building Right Next To Kirklevington Park.
High School Tates Creek
City Lexington
High School District Fayette County - 1
Zoning Description R-3 - PLANNED NBHD RESIDENTIAL
MLS Area 003 - Fayette County SE
Lot Size Units Acres
Lot Size Square Feet 11700.0
Land Lease Y/N N
MLS Area Minor 003 - Fayette County SE
Lease Considered Y/N N
Rent Control Y/N N
Structure Type Multi Family
Standard Status Active
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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Exterior
Lot Size Area 0.27
Building Area Total 7300.0
Lot Size Acres 0.27
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
Total Bedrooms 16
Total Baths 8
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Internal Only
Street Number 1 388
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* Excluded Features
List By
Bluegrass Property Exchange

Broker

irisluckett@aol.com

Email

Affordability Calculator

$6,772
Per Month
100%
0%
0%
Monthly Principal & Interest
$6,772
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
3289626 Elementary School
3290120 Middle School
Tates Creek High School High School
Pricing History
DatePricePrice ChangeDescription
4/15/2026$1,099,900 Listed Price

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388 Redding Road, Lexington, KY, 40517 is a Multi-Family Home for sale at $1,099,900 with 7,300 sqft and a lot size of 0.27. 388 Redding Road has 16 bedrooms, 8.0 baths, and was built in 1978. The property's zip code is 40517 which is in Lexington, KY