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150 Deweese Street, Lexington, KY 40507

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For Sale

$1,120,000

5 beds • 5 baths • 2,772 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Apartment
    Property type

  • $404.04
    Price per square foot

  • 6-10 Years Old
    Age

Explore this Property

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 layout 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
MLS# 25500197

Courtesy Of eXp Realty, LLC

(859) 721-2127

Property Features

  • Age
    6-10 Years Old

Map and Directions

Directions to 150 Deweese Street, Lexington, KY 40507

Home seller CENTURY 21 Advantage Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Advantage Realty

(859) 624-5488
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† Based on a 30-year fixed rate of 3.38% 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. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.