New Listing
$944,900
 $5,365 est/mo Sourced by Back At You

388 Redding Road,Lexington, KY 40517

Lexington, KY 40517

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Description

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.

Details

MLS #26022566
Listing TypeFor Sale
StyleFourplex
Sub-TypeResale
StatusActive
Year1978
Days On Site2
Listing Provided ByBluegrass Property Exchange | Iris Todd

Features

Bed(s)16
Bath(s) 8 Total
SQ Feet7,300
ZoningR-3 - PLANNED NBHD RESIDENTIAL
Acreage0.27

Interior

CoolingCentral Air
HeatingElectric
Heating Yes / NoYes
Cooling Yes / NoYes

Area Information

StateKY
CountyFayette
CityLexington
Zip Code40517
Area003 Fayette County SE
SubareaFayette County SE
Community NameKirklevington
School DistrictFayette County
High SchoolTates Creek
Listing VS Median (in Kirklevington)
Price:
$944,900
low | high
Med:
$944,900
50% of Average
sqft:
7,300
low | high
Med:
7,300
50% of Average
$ / sqft:
$129
low | high
Med:
$129
50% of Average
On site:
2
low | high
Med:
2
100% of Average
Sourced by Back At You

Market Activity 40517

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Learn More About This Property

MATT WEAVER

MATT WEAVER

Coldwell Banker McMahan

46607 (502) 376-0884mattweaver@cbmoffice.com
StateKY
CountyFayette
CityLexington
Zip Code40517
Area003 Fayette County SE
SubareaFayette County SE
Community NameKirklevington
School DistrictFayette County
High SchoolTates Creek
Listing VS Median (in Kirklevington)
Price:
$944,900
low | high
Med:
$944,900
50% of Average
sqft:
7,300
low | high
Med:
7,300
50% of Average
$ / sqft:
$129
low | high
Med:
$129
50% of Average
On site:
2
low | high
Med:
2
100% of Average
Sourced by Back At You
Listing Updated: August 19, 2026 at 1:54:17 PM PDT