148 - 152 E Fourth Street, Lexington, KY 40508
$749,000
Property Type:
Residential Income
Bedrooms:
8
Baths:
4
Square Footage:
4,900
Lot Size (sq. ft.):
12,720
Status:
Active
Current Price:
$749,000
List Date:
7/01/2026
Last Modified:
7/21/2026
Listing Details MLS# 26015659
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Quadruplex
Status Change Information
- Price Change Timestamp
- 2026-07-20T19:01:40Z
- Status Change Timestamp
- 2026-07-01
Address
- County
- Fayette
- Street Number
- 148 - 152
- Street Direction Prefix
- E
- Street Name
- Fourth
- Street Suffix
- Street
- State
- KY
- Zip Code
- 40508
- Directions
- Main Street to Limestone, north on Limestone, right on 4th street, up the hill, Access to Parking is from shared driveway on left side of Yellow Duplex (152 E 4th).
- Parcel Number
- 38293280 & 38293270
Contract
- Original List Price
- 799000
- Start Showing Date
- 2026-07-01
- Listing Contract Date
- 2026-07-01
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
- Office Exclusive YN
- No
- List Price/Acre
- 2582758.62
- List Price/SqFt
- 152.86
Tax Legal
- MLS Area Major
- 001 - Fayette County NW
- Subdivision Name
- Downtown
- High School District
- Fayette County - 1
Interior
- Bedrooms Total
- 8
- Bathrooms Total
- 4
- Bathrooms Full
- 4
- Living Area
- 4900
- Living Area Source
- Public Records
- Bathrooms Half
- 0
More Information
Parking Information
- Parking Total
- 6
Building
- Year Built
- 1890
- Stories Total
- 2
- Accessibility Features YN
- No
Lot
- Lot Size Acres
- 0.292
- Lot Size Square Feet
- 12719.52
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
Remarks
- Public Remarks
- 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.
Showing Information
- Showing Instructions
- 48 hour notice. Please do not disturb tenants, please do not go to property without prior notice and approval. Call listing agent or schedule on showing assist.
Tax & Legal
- Elementary School
- William Wells Brown
- Middle Or Junior School
- Lexington Trad
- High School
- Frederick Douglass
- Tax Rate
- 1.27
Association/Community
- Number Of Buildings
- 2
- Number Of Units Total
- 4
Cooling
- Central Air
- Yes
Heating
- Electric
- Yes
- Heat Pump
- Yes
Laundry Features
- Electric Dryer Hookup
- Yes
- Main Level
- Yes
- Upper Level
- Yes
- Washer Hookup
- Yes
Listing Terms
- 1031 Exchange
- Yes
- Conventional
- Yes
Parking Features
- On Site
- Yes
- Paved
- Yes
Possession
- Close Of Escrow
- Yes
- Rental Agreement
- Yes
Structure Type
- Quadruplex
- Yes
Showing Requirements
- Call Listing Agent
- Yes
- No Sign
- Yes
- Showing Service
- Yes
Property Features
Cooling:
Central Air
Heating:
Electric; Heat Pump
Laundry Features:
Electric Dryer Hookup; Main Level; Upper Level; Washer Hookup
Listing Terms:
1031 Exchange; Conventional
Parking Features:
On Site; Paved
Possession:
Close Of Escrow; Rental Agreement
Structure Type:
Quadruplex
Showing Requirements:
Call Listing Agent; No Sign; Showing Service
Documents
Sellers Disclosure Of Property Condition ›
Listing Office:
RE/MAX Elite Lexington
Last Updated: July - 21 - 2026
Information deemed reliable but not guaranteed.