KY
Fayette
Lexington
40508
509 W 3rd Street
509 W 3rd Street, Lexington, KY 40508
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Listing Type
Multi Family
Listing Status
Active
48
$675,000

Home Details for 509 W 3rd Street

Price
$675,000
Type
Residential Income
Bedrooms
5
Total Bathrooms
4
Full Bathrooms
4
Square feet
3585
Year built
1920
Lot size acres
0.183
County
Fayette
Days on site
1
MLS Listing#
26007853
Property Description

Turn-key four-plex income property in one of downtown Lexington's most sought-after locations—the thriving Jefferson Corridor, surrounded by recently completed high-end developments. This investment opportunity is currently fully leased, generating over $50,000 in annual rental income with low maintenance requirements. Major system upgrades include high-efficiency heating and cooling, along with updated electrical that is separately metered completed in 2021—offering flexibility for potential individual unit sale. While preserving its original charm featuring vaulted ceilings, beautiful hardwood floors, and classic window moldings. Residents have in-unit washer and dryer and a private fenced backyard with community firepit. Additional highlights include on-site garage parking with extra parking available. Ideally located with short distance to the University of Kentucky, Rupp Arena, Transylvania University, as well as popular dining and entertainment destinations such.

Property Features
  • Utilities
    • Electricity Connected
    • Natural Gas Connected
    • Water Connected
  • Heating Information
    • Electric
    • Natural Gas
  • Parking
    • Covered
    • Enclosed
  • Cooling Information
    • Electric
School Information
School Information for 509 W 3rd Street, Lexington, KY 40508
Elementary School
Harrison
Middle School
Lexington Trad
High School
Lafayette
Listing Courtesy: Bluegrass Sotheby's International Realty - 859-268-0099
Lexington-Bluegrass Association of Realtors logo The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) Program of Bluegrass REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by IDX brokerage firms other than EXIT Realty, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX brokers. Information deemed reliable but not guaranteed. Copyright ©2026 Bluegrass REALTORS®. All Rights Reserved.
Last Updated: 2026-06-01 08:30:19
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EXIT REALTY CRUTCHER
60 Devils Hollow Rd, Frankfort, KY 40601
Kenny Hawkins
License #: 215465
Sales Representative
Office
502 783 6060
Agent
502 680 6195
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