$899,900
Price cut: $45K388 Redding Road, Lexington, KY 40517
- 7,300
- sqft
- 0.27
- acres
- Quadruplex
- Property type
- 1978
- Year built
- 0.27 acres
- Lot size
- $123
- Price / sq ft
Showing MLS 26022566 only. Other listings’ history has not been attached.
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.
Listed by Bluegrass Property Exchange · info@bpeagents.com
MLS #26022566 · Listing provided by
Shelby & Drake JohnsonFive Pillars Team · eXp Realty
Home Details
- Property type
- Quadruplex
- Year built
- Built in 1978
- Lot size
- 0.27-acre lot
- Price / sq ft
- $123 / sq ft
Interior
- 16 bedrooms
- 8 bathrooms
Property
- Quadruplex
- 7,300 sq ft
- 0.27-acre lot
Construction
- Built in 1978
- Heating: Electric
- Cooling: Central Air
Show all home details
Utilities & comfort
- Heating
- Electric
- Cooling
- Central Air
Services Availability
- Internet
- Not reported
- Utilities
- Not reported
- Parking
- Not reported
This Listing’s Timeline
| Date | Event | Price |
|---|---|---|
| Aug 19, 2026 | Listed for sale | $944,900 |
Estimate Your Monthly PaymentMonthly payment
Estimated monthlyEst. payment
$5,733/mo
30-year fixed · 6.75% assumed rate
- Principal & interest
- $4,669
- Taxes
- $802
- Other costs
- $262
- $899,900
- Home price
- 20% · $179,980
- Down payment
- 6.75%
- Interest rate
- 30 years
- Loan term
Payment Breakdown
- Principal & interest
- $4,669
- Estimated property taxes
- $802
- Home insurance
- $262
- HOA
- Not provided
- Utilities
- Not included
Estimate only. Utilities not included. HOA not provided.Illustrative estimate, not a loan offer. Taxes (1.07%/year) and insurance (0.35%/year) use assumptions; actual costs and available rates vary. HOA is not included because its monthly amount is unavailable.
Adjust Payment Details
Payment Breakdown
- Principal & interest
- $4,669
- Estimated property taxes
- $802
- Home insurance
- $262
- HOA
- Not provided
- Utilities
- Not included
Illustrative estimate, not a loan offer. Taxes (1.07%/year) and insurance (0.35%/year) use assumptions; actual costs and available rates vary. HOA is not included because its monthly amount is unavailable.
Travel Times and Accessibility
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- Walk Score
- —
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- Bike Score
- —
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Map and estimated drive times: Mapbox. Each route starts at this home. Times vary with conditions. Walk Score and Bike Score are unavailable.
Assigned Schools
Tates Creek
High School
Performance data is not available.
Source: MLS-reported school assignment; confirm with the district.
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Shelby & Drake JohnsonFive Pillars Team · eXp Realty