Gail Popovitz

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Listing provided courtesy of Keller Williams Commonwealth- MLS# 26007439MLS Provider

1640 Nicholasville RoadLexington, KY 40503

Multi-Family · 8 Beds · 8 Full Baths · 4,097 Sq. ft. | 0.69 Acres
$775,000 Contingent

1640 Nicholasville Road Overview

Time on Site:
81 days
Visits:
3

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.

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1640 Nicholasville Road Facts & Features

  • Type Multi-Family
  • Sq. ft. 4,097
  • Price/Sq.ft. $189
  • Lot 0.69 Acres

Details

General

Association/HOA

  • Association Amenities: Coin Laundry
  • Association Fee Includes: Insurance,Maintenance Grounds,Maintenance Structure,Trash,Water

School Information

  • Elementary School: Glendover
  • Middle Or Junior School: Mary E Britton
  • High School: Lafayette

Building Information

  • Year Built: 1985

Location/Region

  • County Or Parish: Fayette
  • MLS Area Major: 003 - Fayette County SE
  • MLS Area Minor: 003 - Fayette County SE
  • Subdivision Name: Commercial

Community/Development

  • Number Of Units In Community: 4

General Information

  • Parcel Number: 10028140, 10028150, 10028160, 10028170
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Zoning: Other

Interior

Beds/Baths

  • Bathrooms Full: 8
  • Bathrooms Half: 0
  • Bathrooms Total: 8
  • Bedrooms Total: 8

Building Interior

  • Building Area Total: 4097.0

General Information

  • Laundry Features: Common Area
  • Living Area: 4097.0
  • Living Area Source: Public Records
  • Stories Total: 3

Exterior

Parking Information

  • Parking Features: On Site,Paved

Lot Information

  • Lot Size Acres: 0.688
  • Lot Size Area: 0.69
  • Lot Size Square Feet: 29969.28
  • Lot Size Units: Acres
  • Number Of Buildings: 1

Building Exterior/Construction

  • Attached Garage: false
  • Roof: Shingle
  • Structure Type: Quadruplex

General Information

  • Number Of Units Total: 4
  • Number Of Units Vacant: 4
  • Utilities: Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected

1640 Nicholasville Road Neighborhood

Community

40503 (Lexington) Demographics

38
Median Age
3,264
Population Density (per sq. mile)
61%
College Educated
$64,054
Estimated Median Income
8,024
Estimated Total Home Owners
4,290
Estimated Total Renters
65% / 35%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1640 Nicholasville Road Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1640 Nicholasville Road Market Data

Based on the last 30 days in this zip code

$430,480
Average List Price
$214
Average Price per Square Foot
32
Properties Sold
49
Average Days on Market
77
Properties for Sale
Calculations provided by Reliance Network

1640 Nicholasville Road History

Date Event Value Agent
6/9/2026Source: Imagine MLS/Bluegrass Status Change
Contingent
4/9/2026Source: Imagine MLS/Bluegrass Added to Database
April 09, 2026
8/12/2025Source: Imagine MLS/Bluegrass Added to Database
August 12, 2025
8/12/2025Source: Imagine MLS/Bluegrass Added to Database
August 12, 2025