KY
Fayette
Lexington
40508
148 - 152 E Fourth Street
148 - 152 E Fourth Street, Lexington, KY 40508
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Listing Type
Multi Family
Listing Status
Active
44
$799,000

Home Details for 148 - 152 E Fourth Street

Price
$799,000
Type
Residential Income
Bedrooms
8
Total Bathrooms
4
Full Bathrooms
4
Square feet
4900
Year built
1890
Lot size acres
0.292
County
Fayette
MLS Listing#
26015659
Property Description

An exceptional opportunity to acquire a turnkey portfolio of two neighboring, fully occupied historic duplexes in the heart of downtown Lexington. Originally built in the late 1800s and thoughtfully restored while preserving their historic character, these award-winning properties offer a total of four spacious 2-bedroom, 1-bath residences featuring tall ceilings, restored hardwood floors, updated kitchens and baths, and convenient off-street parking. The package includes a shared off-street parking lot serving both buildings, adding convenience for residents while enhancing the long-term value and functionality of the portfolio. Fully occupied and meticulously maintained, these neighboring duplexes seamlessly blend timeless architecture with modern updates and dependable income potential in one of Lexington's most desirable and walkable neighborhoods, just steps from downtown restaurants, entertainment, shopping, and local attractions. Ideal for investors seeking a stabilized, income-producing asset, this portfolio also presents an outstanding opportunity for an owner-occupant. Live in one unit while the remaining residences help offset your mortgage, create a multigenerational living arrangement, or capitalize on future rental upside. Whether maintained as a long-term cash-flow investment, repositioned through future rent optimization, or utilized as a premium house hack, the portfolio offers multiple value-creation strategies. Priced well below its 2025 appraised value, this offering provides the potential for immediate equity in addition to dependable cash flow and long-term appreciation. Opportunities to acquire two adjacent, Historic Preservation Award-winning duplexes with a shared parking lot in such a premier downtown location are exceptionally rare. This is a truly one-of-a-kind chance to own a landmark investment in one of Lexington's most sought-after neighborhoods.

Property Features
  • Heating Information
    • Electric
    • Heat Pump
  • Parking
    • On Site
    • Paved
  • Cooling Information
    • Central Air
School Information
School Information for 148 - 152 E Fourth Street, Lexington, KY 40508
Elementary School
William Wells Brown
Middle School
Lexington Trad
High School
Frederick Douglass
Listing Courtesy: RE/MAX Elite Lexington - 859-245-1165
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Last Updated: 2026-07-02 11:10:12
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EXIT REALTY CRUTCHER
502A Saffell St. , Lawrenceburg, KY 40342
John Rennels
License #: 75712
Sales Representative
Office
502 839 9822
Agent
502 598 8378
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