Listing Courtesy of: Bob Sophiea - eXp Realty, LLC
859-721-2127
$1,120,000
Calculate Payment
Calculate Payment
150 Deweese Street Lexington, KY 40507
Apartment
Residence
5
Beds
5
Baths
...
Bed/Bath
2,772
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
Downtown Lexington income property producing over $103,000 in 2024 and projected to exceed $111,000 in 2025! Built in 2016, this 5-unit multifamily offers modern construction, low maintenance, and strong rental demand in one of Lexington's most desirable areas. Each unit features a 1-bed/1-bath layo...ut with full kitchen and bath — ideal for long-term tenants or short-term rental flexibility. With a 2024 gross income of $103,455 and 2025 projections approaching $111,000, the property delivers an estimated 7% cap rate at the current list price of $1,120,000. All five units are leased, including one performing well as a short-term rental. Tenants love the walkability to Rupp Arena, the University of Kentucky, downtown restaurants, and major employers. Zoned B-2A, this property provides flexibility for mixed use and continued appreciation in the downtown corridor. A true turn-key investment combining reliable cash flow, location, and long-term growth potential. Highlights: • 5 Units 5 Beds 5 Baths 2,772 SF Total Built 2016 • 2024 Gross Income: $103,455 2025 Projected: $111,455 • Estimated NOI: $78,000+ 7% Cap Rate at $1.12M • Prime Downtown Location — Walk to Rupp & UK • Zoned B-2A Low-Maintenance Modern Construction
Continue reading
MLS#
25500197
Property Type
Apartment
Bedrooms
5
Bathrooms
5 Full
Year Built
2016
Square Feet
2,772
sq. ft
Price per Sq. Ft.
$2,772.00
Receive an email as soon as the price changes
Receive an email
as soon as the price changes
Get Price Alerts
Don't miss your chance. Receive an email as soon as the price changes.
Get email alerts when
a home price changes
Sign up
Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
How much home can I afford?
Kickstart your home search journey with our online Pre-Approval.
Nearby Homes For Sale
Just Listed
And
Homes Available
In
See How Much You Could Save
Thinking about buying or selling? Talk to one of our Mortgage Professionals today to see how much you could save on your next home. Call us at 833-981-2030.