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.
For sale
$1,099,900
388 Redding Rd, Lexington, KY 40517
16beds
7,300sqft
Est.:
Quadruplex
Built in 1978
-- sqft lot
$1,070,000 Zestimate®
$151/sqft
$-- HOA
What's special
Newer roofBreaker panels
- 5 days |
- 540 |
- 25 |
Zillow last checked:
Listing updated:
Listed by:
Iris Todd 859-396-3267,
Bluegrass Property Exchange
Source: Imagine MLS,MLS#: 26007953
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Electric
Cooling
- Central Air
Interior area
- Total structure area: 7,300
- Total interior livable area: 7,300 sqft
Property
Lot
- Size: 0.27 Acres
Details
- Parcel number: 13744638
- Zoning description: R-3 - PLANNED NBHD RESIDENTIAL
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Condition
- Year built: 1978
Community & HOA
Community
- Subdivision: Kirklevington
Location
- Region: Lexington
Financial & listing details
- Price per square foot: $151/sqft
- Date on market: 4/15/2026
Estimated market value
$1,070,000
$1.02M - $1.12M
$953/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/15/2026 | Listed for sale | $1,099,900$151/sqft |
Source: | ||
| 6/22/2019 | Listing removed | $725 |
Source: Bluegrass Property Exchange Report a problem | ||
| 5/22/2019 | Listed for rent | $725 |
Source: Bluegrass Property Exchange Report a problem | ||
| 5/17/2018 | Listing removed | $725 |
Source: Bluegrass Property Exchange Report a problem | ||
| 3/23/2018 | Listed for rent | $725 |
Source: Bluegrass Property Exchange Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
$6,442/mo
Principal & interest
$5672
Property taxes
$770
More affordability tools
Climate risks
Neighborhood: Blueberry Hill-Brigadoon-Stoneybrook-Baralto
Nearby schools
GreatSchools rating
- 3/10Lansdowne Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 7/10Southern Middle SchoolGrades: 6-8Distance: 0.8 mi
- 3/10Tates Creek High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- High: Tates Creek
Source: Imagine MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
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