1416 Townley Drive, Lexington, KY 40511
$1,250,000
Property Type:
Residential Income
Bedrooms:
16
Baths:
16
Square Footage:
5,040
Lot Size (sq. ft.):
17,642
Status:
Active
Current Price:
$1,250,000
List Date:
1/08/2026
Last Modified:
1/28/2026
Listing Details MLS# 26000503
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Apartment
Status Change Information
- Status Change Timestamp
- 2026-01-08
Address
- County
- Fayette
- Street Number
- 1416
- Street Name
- Townley
- Street Suffix
- Drive
- State
- KY
- Zip Code
- 40511
- Directions
- Main Street/Leestown Road outbound, turn right onto N. Forbes road, Townley Drive is located on your right.
- Parcel Number
- 13931000
Contract
- Original List Price
- 1250000
- Start Showing Date
- 2026-01-08
- Listing Contract Date
- 2026-01-08
- Listing Agreement
- Exclusive Right To Sell
- Office Exclusive YN
- No
- List Price/Acre
- 3086419.75
- List Price/SqFt
- 248.02
Tax Legal
- MLS Area Major
- 001 - Fayette County NW
- Subdivision Name
- Commercial
- High School District
- Fayette County - 1
Interior
- Bedrooms Total
- 16
- Bathrooms Total
- 16
- Bathrooms Full
- 16
- Living Area
- 5040
- Living Area Source
- Public Records
- Bathrooms Half
- 0
More Information
Building
- Year Built
- 1959
- Stories Total
- 2
- Accessibility Features YN
- Yes
Lot
- Lot Size Acres
- 0.405
- Lot Size Square Feet
- 17641.8
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
Remarks
- Public Remarks
- 1416 Townley Drive is a 16-unit multifamily property in Lexington, KY. Its location offers excellent access to downtown Lexington, major employment centers, universities, public transportation, healthcare centers, and retail corridors. The property, built in 1959, is 5,040 square feet and is situated on .405 acres. Each unit is a 330 square feet studio apartment with hardwood and tile floors and a designated kitchen area with range, oven, and refrigerator. Basement storage is available to Tenants and there is an opportunity to add coin laundry in the basement. The property is ideally located in the popular Meadowthorpe neighborhood near the new Commons development and just off Leestown Road, a main Lexington thoroughfare. The location is a strong demand rental area with low vacancy rates. This property can be sold individually or along with other properties in a 60-unit multifamily portfolio. The 60-unit multifamily portfolio is strategically located in the heart of Central Kentucky. The Central Kentucky area benefits from strong renter demand, low vacancy rates, and a stable market. This is a rare opportunity to acquire a large and stabilized multifamily portfolio in one of Kentucky's most reliable rental markets. The other properties in the portfolio are 200 N. Hill-N-Dale Street in Danville, KY and 115 Delmont Drive in Lexington, KY. Financials available upon request.
Tax & Legal
- Elementary School
- Meadowthorpe
- Middle Or Junior School
- Leestown
- High School
- Dunbar
- Tax Rate
- 1.2638
- Zoning
- R-1C
Association/Community
- Number Of Buildings
- 1
- Number Of Units In Community
- 16
- Number Of Units Total
- 16
Cooling
- Other
- Yes
Heating
- Other
- Yes
Laundry Features
- None
- Yes
Parking Features
- On Site
- Yes
- Paved
- Yes
Possession
- Close Of Escrow
- Yes
Structure Type
- Multi Family
- Yes
Showing Requirements
- Call Listing Agent
- Yes
Property Features
Cooling:
Other
Heating:
Other
Laundry Features:
None
Parking Features:
On Site; Paved
Possession:
Close Of Escrow
Structure Type:
Multi Family
Showing Requirements:
Call Listing Agent
Sellers Disclosure Of Property Condition ›
Listing Office:
Block + Lot Homes
Last Updated: January - 28 - 2026
Information deemed reliable but not guaranteed.