$874,900
1801 & 1805 Gerald Drive, Lexington, KY 40511
- 10,368
- sqft
- 1.13
- acres
- Apartment
- Property type
- 1976
- Year built
- 1.13 acres
- Lot size
- $84
- Price / sq ft
Showing MLS 26028360 only. Other listings’ history has not been attached.
Listing Description
Excellent investment opportunity featuring two six-unit apartment buildings at 1801 and 1805 Gerald Drive. The property offers 12 total units, each with 2 bedrooms and 1 bathroom, totaling 24 bedrooms and 12 bathrooms. Individually metered units, along with updated electrical systems and HVAC, provide added value for ownership and management. An income-producing multifamily asset offering investors the opportunity to expand their portfolio with established rental potential.
Listed by Bluegrass Sotheby's International Realty · frontdesk@bgsir.com
MLS #26028360 · Listing provided by
Shelby & Drake JohnsonFive Pillars Team · eXp Realty
Home Details
- Property type
- Apartment
- Year built
- Built in 1976
- Lot size
- 1.13-acre lot
- Price / sq ft
- $84 / sq ft
Interior
- 24 bedrooms
- 12 bathrooms
Property
- Apartment
- 10,368 sq ft
- 1.13-acre lot
Construction
- Built in 1976
- Flat, Membrane, Dimensional Style, Shingle
- Heating: Electric, Forced Air, Heat Pump
- Cooling: Central Air, Electric
Show all home details
Exterior & parking
- Roof
- Flat, Membrane, Dimensional Style, Shingle
- Parking features
- On Site, Paved, Open
Utilities & comfort
- Heating
- Electric, Forced Air, Heat Pump
- Cooling
- Central Air, Electric
Services Availability
- Internet
- Not reported
- Utilities
- Not reported
- Parking
- On Site, Paved, Open
This Listing’s Timeline
| Date | Event | Price |
|---|---|---|
| Listed for sale | $874,900 |
Estimate Your Monthly PaymentMonthly payment
Estimated monthlyEst. payment
$5,575/mo
30-year fixed · 6.75% assumed rate
- Principal & interest
- $4,540
- Taxes
- $780
- Other costs
- $255
- $874,900
- Home price
- 20% · $174,980
- Down payment
- 6.75%
- Interest rate
- 30 years
- Loan term
Payment Breakdown
- Principal & interest
- $4,540
- Estimated property taxes
- $780
- Home insurance
- $255
- 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
- $4,540
- Estimated property taxes
- $780
- Home insurance
- $255
- 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
Mary Todd
Elementary School
Performance data is not available.
Source: MLS-reported school assignment; confirm with the district.
Winburn
Middle School
Performance data is not available.
Source: MLS-reported school assignment; confirm with the district.
Bryan Station
High School
Performance data is not available.
Source: MLS-reported school assignment; confirm with the district.
School boundaries can change. Confirm your assigned schools with the district.
Performance data is not available.
Source: MLS-reported school assignment; confirm with the district.
A dedicated School Wizard page is coming soon.
Shelby & Drake JohnsonFive Pillars Team · eXp Realty