# 388 Redding Road, Lexington, KY 40517

> **TL;DR:** 16bd/8ba multi-family, $909,900 ($125/sqft), built 1978, 7,300 sqft.
> A/C. Est. $4,866/mo. Listed 30 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $909,900 |
| Price/sqft | $125 |
| Bedrooms | 16 |
| Bathrooms | 8 full |
| Square Feet | 7,300 |
| Year Built | 1978 |
| Lot Size | 11,700 sqft (0.27 acres) |
| Stories | 2 |
| Property Type | Multi-Family (Quadruplex) |
| Status | Active |
| Days on Market | 30 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $4,601 |
| Estimated Insurance | $265 |
| **Total** | **$4,866** |

## Nearby Schools

- **High:** Tates Creek

## Key Amenities

- A/C

## Property Highlights

- Built in 1978
- 0.27 acre lot
- 2 stories

## Description

### Agent Description
Attention Investors! 8-Unit Apartment Building. Turn-Key Investment Opportunity With Immediate Value-Add Potential! All the heavy lifting has already been done on this fully occupied asset, making it an easy addition to your portfolio. Recent major capital improvements include a newer roof, gutters, windows, siding, and breaker panels. Several units have also been recently updated/renovated, creating a strong blend of current stability and upside through future interior updates. The property is currently 100% occupied, with all tenants (8) on month-to-month leases, offering maximum flexibility for rent increases, additional renovations, or portfolio repositioning. 5 of 8 tenants are long-term residents who would love to stay, providing dependable in-place income from day one. Seller is license KY real estate agent.

## Location

- **Address:** 388 Redding Road, Lexington, KY 40517
- **County:** Fayette
- **Neighborhood:** Kirklevington
- **Coordinates:** 37.988683, -84.505378
- **Google Maps:** https://www.google.com/maps?q=37.988683,-84.505378

## Listing Agent

- **Name:** Iris Todd
- **Brokerage:** Bluegrass Property Exchange, Inc.
- **Phone:** 8593963267
- **Broker Phone:** 2787752
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/388-Redding-Rd_Lexington_KY_40517_M34179-17984?f=listhub&s=LBARKY&m=26022566&c=propsimple)

## Photos

![388 Redding Road - Photo 1](http://lh.rdcpix.com/2cc9516a3bb10a708a94376bb15be408l-f1677225271r.jpg)

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---

**MLS#:** 26022566 | **Updated:** 2026-09-17
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/388-redding-road-lexington-ky-40517-26022566)

---

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