About This Home

This 8-bedroom, 4-bathroom multi-family at 148 - 152 E Fourth Street in Lexington, KY is listed for $725,000 ($148 per sqft). Built in 1890, the home offers 4,900 sqft of living space on a 0.29 acres lot.

Key Features

  • Built in 1890
  • 0.29 acre lot
  • 2 stories
  • 6 parking spaces

Property Details

2 stories
4 full
6 spaces
1890

Amenities

A/C
Listing Description

An exceptional opportunity to acquire a turnkey portfolio of two neighboring, fully occupied historic duplexes in the heart of downtown Lexington. Originally built in the late 1800s and thoughtfully restored while preserving their historic character, these award-winning properties offer a total of four spacious 2-bedroom, 1-bath residences featurin

g tall ceilings, restored hardwood floors, updated kitchens and baths, and convenient off-street parking. The package includes a shared off-street parking lot serving both buildings, adding convenience for residents while enhancing the long-term value and functionality of the portfolio.

Fully occupied and meticulously maintained, these neighboring duplexes seamlessly blend timeless architecture with modern updates and dependable income potential in one of Lexington's most desirable and walkable neighborhoods, just steps from downtown restaurants, entertainment, shopping, and local attractions.

Ideal for investors seeking a stabilized, income-producing asset, this portfolio also presents an outstanding opportunity for an owner-occupant. Live in one unit while the remaining residences help offset your mortgage, create a multigenerational living arrangement, or capitalize on future rental upside.

Whether maintained as a long-term cash-flow investment, repositioned through future rent optimization, or utilized as a premium house hack, the portfolio offers multiple value-creation strategies. Priced well below its 2025 appraised value, this offering provides the potential for immediate equity in addition to dependable cash flow and long-term appreciation.

Opportunities to acquire two adjacent, Historic Preservation Award-winning duplexes with a shared parking lot in such a premier downtown location are exceptionally rare. This is a truly one-of-a-kind chance to own a landmark investment in one of Lexington's most sought-after neighborhoods.

Monthly Cost Estimate

$3,877/mo

20% down · 6.5% · 30 years

Principal$524
Interest$3,142
Insurance$211

Estimates only. Actual payments may vary.

Location

148 - 152 E Fourth Street

Lexington, KY 40508

Downtown

Property Details

Heating

Electric (Heating)Heat Pump (Heating)

Cooling

Central Air

Questions & Answers

This 8-bedroom, 4-bathroom multi-family at 148 - 152 E Fourth Street is listed at $725,000 ($148/sqft). The estimated monthly payment is $3,877 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1890, 0.29 acre lot, 2 stories, 6 parking spaces.

This property is listed by J Corey Griffo.

JG

J Corey Griffo

Agent at RE/MAX Elite Realty

Listed by RE/MAX Elite Realty · Broker phone: (859) 245-1165 · View on Broker Site · Broker website

MLS# 26015659· Source: ImagineMLS· 120 days on PropertySimple

Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

148 - 152 E Fourth Street, Lexington, KY 40508

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