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1640 Nicholasville Road, Lexington, KY 40503

$775,000
  • 1640 Nicholasville Road, Lexington, KY 40503 Main Photo

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New to the Market Active
BEDS8 BATHS8 full SQUARE FEET4,097 MLS#26007439
STATUS PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONCommercial SCHOOLFayette County - 1

Property Description

Rare investment opportunity in a prime Lexington location! This updated 4-unit apartment complex is ideally situated next to Central Baptist Hospital and just over a mile from the University of Kentucky, offering strong rental demand and excellent convenience. Each of the four units features 2 bedrooms and 2 full baths, with spacious living rooms that provide comfortable gathering space and an ample kitchen with plenty of cabinet storage, making each unit highly desirable for tenants. All units are located on the third floor of a professional office building, offering added privacy and a unique mixed-use setting. The property includes a common laundry area with coin-operated machines, as well as both elevator and stair access for ease of entry. Tenants will also appreciate the onsite paved parking lot, a valuable amenity in this highly sought-after area. With updated interiors, generous living spaces, and a fantastic location, this property is perfect for investors looking to expand their portfolio with a low-maintenance, income-producing asset.

1640 Nicholasville Road | MLS# 26007439

This multi-family property located at 1640 Nicholasville Road, Lexington, KY 40503 is currently listed for sale with an asking price of $775,000. Nicholasville Road is located within the Fayette County - 1 school district. Search Lexington real estate on ttaylor.salliedavidson.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air, Ceiling Fan(s), Electric, Heat Pump
Fuel Type: Gas
Heating: Heat Pump, Natural Gas
Lot Size: 0.69 Acres
Roof Type: Shingle
Year Built: 1985

Feature Descriptions

HOA Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Trash, Water
Laundry: Common Area
Laundry Features: Common Area
Lot Dimensions: 0.688 acre(s)
Parcel #: 10028140, 10028150, 10028160, 10028170
Parking Notes: On Site, Paved
Structure Type: Quadruplex
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Local Schools

High School: Lafayette
Middle School: Mary E Britton
Elementary School: Glendover
School District: Fayette County - 1

Listed By / Shown By

Listed By

Agency Name: Keller Williams Commonwealth

Shown By

Agent Name: Treva Taylor
Agent Phone: (606) 309-4909
Agency Title: SALLIE DAVIDSON, REALTORS

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Estimated Payment

$ 3,010.12 per month $2,784.08 Principal & Interest $0.00 Property Tax (data not provided by mls) $226.04 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/09/2026. The listing information on this page last changed on 04/09/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 04/09/2026 12:08:00 AM EST) or Imagine MLS (last updated Wed 04/08/2026 11:15:16 PM EST). Real estate listings held by brokerage firms other than SALLIE DAVIDSON, REALTORS may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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