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148 E Fourth St 2 Unit Apartment Building Offered For Sale Lexington, KY 40508
Investment Highlights
- Updated Plumbing and Electrical.
- Side by Side Downtown Duplex's Available for Sale Together or Separate.
- Historic Charm and Character.
Executive Summary
Rare opportunity to own a beautifully restored 19th-century duplex in the heart of downtown Lexington. Rich in original character and thoughtfully renovated while preserving its historic charm, this fully occupied property offers two spacious 2-bedroom, 1-bath units with tall ceilings, restored hardwood floors, updated kitchens and baths, and off-street parking. Just steps from downtown dining, entertainment, and local attractions, this award-winning property combines timeless architecture with dependable income potential in one of Lexington's most sought-after locations. An additional opportunity awaits, as the neighboring sister duplex is also being offered for sale, presenting the potential to acquire a unique side-by-side portfolio in a highly desirable downtown location. Priced BELOW 2025 Appraisal, Built in Equity.
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Average Occupancy | 100% |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| No. Units | 2 | Year Built/Renovated | 1890/2007 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Building Size | 2,587 SF |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 2,587 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1890/2007 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
1 1
Moderately walkable
70/100
Fairly drivable
50/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 38293270 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $342,600 |
Property Taxes
Parcel Number
38293270
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$342,600
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148 E Fourth St
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