$399,000
541 W Short Street 3, Lexington, KY 40507
- 2
- beds
- 2.5
- baths
- 1,480
- sqft
- Townhouse
- Property type
- 1981
- Year built
- 0.05 acres
- Lot size
- $270
- Price / sq ft
- $185/mo
- HOA
Listing Description
- Breakfast Bar
- Entrance Foyer
Location, location, location! The "three L's" truly set this Opera House Square townhome apart. Ideally positioned in the heart of downtown Lexington, you're approximately 1.5 blocks from the new Gatton Park and just moments from Rupp Arena, restaurants, bars, hotels, the Farmers Market, the Opera House, and all the energy of downtown. Yet, with the neighboring church providing a welcome buffer from city activity, this gated community offers a surprising sense of separation and privacy. Inside, the spacious two-story layout offers an excellent foundation for buyers ready to make it their own. The main level features an expansive living room with a gas fireplace and built-in shelving, a dedicated dining area, kitchen with breakfast bar seating, and guest half-bath. Upstairs, the dual-suite design includes two bedrooms, each with a private attached bath, plus a convenient laundry nook. One of the property's standout features is the enclosed, open-air brick garden patio—a rare find among competing downtown properties and an inviting spot for outdoor dining, entertaining, gardening, or simply relaxing. An outdoor shed provides additional storage. Recent enhancements include updated light fixtures in the kitchen and baths, fresh interior paint, and newly drywalled living room accents. Concrete-block separation walls shared by only select units further enhance the feeling of privacy and quiet. With a great layout, exceptional downtown location, and hard-to-find private outdoor space, this property presents an exciting opportunity to renovate, customize, and create a downtown residence tailored to your style. The HOA is just $185, and the seller has already paid a $5,000 assessment, which the seller indicates is anticipated to cover association needs for approximately the next five years. Bring your vision and take advantage of an opportunity to make this ideally located downtown townhome your own.
Listed by RE/MAX Elite Lexington · Broker@RemaxEliteKY.com
MLS #26024986 · Listing provided by![]()
Shelby & Drake JohnsonFive Pillars Team · eXp Realty
Home Details
- Property type
- Townhouse
- Year built
- Built in 1981
- Lot size
- 0.05-acre lot
- Price / sq ft
- $270 / sq ft
- HOA
- $185/mo HOA
Interior
- 2 bedrooms
- 2.5 bathrooms
- Two
- Fireplaces: 1
- Carpet, Ceramic Tile, Tile, Wood, Luxury Vinyl
Property
- Townhouse
- 1,480 sq ft
- 0.05-acre lot
Construction
- Built in 1981
- Composition
- Heating: Heat Pump, Natural Gas
- Cooling: Electric
Show all home details
Interior
- Interior features
- Breakfast Bar, Entrance Foyer
- Appliances
- Dryer, Disposal, Dishwasher, Refrigerator, Trash Compactor, Washer, Cooktop, Oven, Range, Vented Exhaust Fan
- Flooring
- Carpet, Ceramic Tile, Tile, Wood, Luxury Vinyl
- Levels
- Two
Exterior & parking
- Roof
- Composition
- Parking features
- Off Street, Other
- Architectural style
- Colonial
Utilities & comfort
- Heating
- Heat Pump, Natural Gas
- Cooling
- Electric
Association & ownership
- Association amenities
- Other
Services Availability
- Internet
- Not reported
- Utilities
- Not reported
- Parking
- Off Street, Other
Property & Price History
| Date | Event | Price |
|---|---|---|
| Sep 10, 2026 | Listed for sale | $399,000 |
Some past-sale photos and seller documents need a free account to view.
Property Documents
See what the sellers have done to the property and what known issues they disclose.
Estimate Your Monthly PaymentMonthly payment
Estimated monthlyEst. payment
$2,727/mo
30-year fixed · 6.75% assumed rate
- Principal & interest
- $2,070
- Taxes
- $356
- Other costs
- $301
- $399,000
- Home price
- 20% · $79,800
- Down payment
- 6.75%
- Interest rate
- 30 years
- Loan term
Payment Breakdown
- Principal & interest
- $2,070
- Estimated property taxes
- $356
- Home insurance
- $116
- HOA
- $185
- Utilities
- Not included
Estimate only. 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.
Adjust Payment Details
Payment Breakdown
- Principal & interest
- $2,070
- Estimated property taxes
- $356
- Home insurance
- $116
- HOA
- $185
- 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.
Travel Times and Accessibility
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- —
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- Bike Score
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Assigned Schools
Harrison
Elementary School
Performance data is not available.
Source: MLS-reported school assignment; confirm with the district.
Lexington Trad
Middle School
Performance data is not available.
Source: MLS-reported school assignment; confirm with the district.
Lafayette
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.
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Shelby & Drake JohnsonFive Pillars Team · eXp Realty