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For sale
  • $775,000

    1640 Nicholasville Rd, Lexington, KY 40503

    8beds
    4,097sqft
    : 
    Quadruplex
    Built in 1985
    -- sqft lot
    $-- Zestimate®
    $189/sqft
    $-- HOA

    What's special

    Updated interiorsElevator and stair accessGenerous living spacesOnsite paved parking lot
    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.
    5 days
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    644
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    46
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    Zillow last checked:

    Listing updated:

    Listed by:

    Jon Bentley 502-542-8041,

    Keller Williams Commonwealth

    Source: Imagine MLS,MLS#: 26007439MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 8
      • Full bathrooms: 8
      Heating
      • Heat Pump, Natural Gas
      Cooling
      • Central Air, Ceiling Fan(s), Electric, Heat Pump
      Interior area
      • Total structure area: 4,097
      • Total interior livable area: 4,097 sqft

      Property

      Parking
      • Parking features: On Site, Paved
      Lot
      • Size: 0.69 Acres
      Details
      • Parcel number: 10028140, 10028150, 10028160, 10028170
      • Zoning: Other

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Quadruplex
      • Attached to another structure: Yes
      Materials
      • Roof: Shingle
      Condition
      • Year built: 1985

      Utilities & green energy

      • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Subdivision: Commercial
      HOA
      • Amenities included: Coin Laundry
      • Services included: Insurance, Maintenance Grounds, Maintenance Structure, Trash, Water
      Location
      • Region: Lexington

      Financial & listing details

      • Price per square foot: $189/sqft
      • Date on market: 4/9/2026
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        Price history
        DateEventPrice
        4/9/2026Listed for sale$775,000+10.9%$189/sqft
        Source: Imagine MLS #26007439 Report a problem
        1/24/2026Listing removed$699,000$171/sqft
        Source: Imagine MLS #25014056 Report a problem
        11/25/2025Price change$699,000-4.1%$171/sqft
        Source: Imagine MLS #25014056 Report a problem
        11/11/2025Price change$729,000-8.8%$178/sqft
        Source: Imagine MLS #25014056 Report a problem
        10/22/2025Price change$799,000-6.9%$195/sqft
        Source: Imagine MLS #25014056 Report a problem
        9/19/2025Listed for sale$858,000-0.1%$209/sqft
        Source: Imagine MLS #25014056 Report a problem
        9/10/2025Contingent$859,000$210/sqft
        Source: Imagine MLS #25014056 Report a problem
        9/5/2025Price change$859,000-4.4%$210/sqft
        Source: Imagine MLS #25014056 Report a problem
        9/3/2025Listed for sale$899,000$219/sqft
        Source: Imagine MLS #25014056 Report a problem
        8/21/2025Contingent$899,000$219/sqft
        Source: Imagine MLS #25014056 Report a problem
        8/18/2025Price change$899,000-16%$219/sqft
        Source: Imagine MLS #25014056 Report a problem
        6/30/2025Listed for sale$1,070,000$261/sqft
        Source: Imagine MLS #25014056 Report a problem

        Public tax history

        Public tax history
        Tax history is unavailable.

        Monthly payment

        Est. payment
        $4,540/mo
        Principal & interest
        $3997
        Property taxes
        $543
        More affordability tools

          Climate risks

          Neighborhood: University of Kentucky

          Getting around

          33 / 100
          Car-Dependent
          71 / 100
          Very Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Elementary: Glendover
          • Middle: Mary E Britton
          • High: Lafayette

          Source: Imagine MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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