About This Home

This 16-bedroom, 8-bathroom multi-family at 388 Redding Road in Lexington, KY is listed for $889,900 ($122 per sqft). Built in 1978, the home offers 7,300 sqft of living space on a 0.27 acres lot.

Key Features

  • Built in 1978
  • 0.27 acre lot
  • 2 stories

Property Details

2 stories
8 full
1978

Amenities

A/C
Listing 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.

Monthly Cost Estimate

$4,759/mo

20% down · 6.5% · 30 years

Principal$644
Interest$3,856
Insurance$260

Estimates only. Actual payments may vary.

Location

388 Redding Road

Lexington, KY 40517

Kirklevington

Property Details

Heating

Electric (Heating)

Cooling

Central Air

Questions & Answers

This 16-bedroom, 8-bathroom multi-family at 388 Redding Road is listed at $889,900 ($122/sqft). The estimated monthly payment is $4,760 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1978, 0.27 acre lot, 2 stories.

This property is listed by Iris Todd.

IT

Iris Todd

Agent at Bluegrass Property Exchange, Inc.

Listed by Bluegrass Property Exchange, Inc. · Broker phone: 2787752 · View on Broker Site · Broker website

MLS# 26022566· Source: ImagineMLS· 71 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.

388 Redding Road, Lexington, KY 40517

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