1640 Nicholasville Road, Lexington, KY 40503
$775,000
Property Type:
Residential Income
Bedrooms:
8
Baths:
8
Square Footage:
4,097
Lot Size (sq. ft.):
29,969
Status:
Active
Current Price:
$775,000
List Date:
7/10/2026
Last Modified:
7/20/2026
Listing Details MLS# 26007439
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Quadruplex
Status Change Information
- Status Change Timestamp
- 2026-07-10
- Back on Market Date
- 2026-07-10
Address
- County
- Fayette
- Street Number
- 1640
- Street Name
- Nicholasville
- Street Suffix
- Road
- State
- KY
- Zip Code
- 40503
- Directions
- Outbound Nicholasville Road, toward Central Baptist, Building is behind 1638 Nicholasville Road on the left just before Central Baptist.
- Parcel Number
- 10028140, 10028150, 10028160, 10028170
Contract
- Original List Price
- 775000
- Start Showing Date
- 2026-04-09
- Listing Contract Date
- 2026-04-09
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Vacant
- Office Exclusive YN
- No
- List Price/Acre
- 1126453.49
- List Price/SqFt
- 189.16
Tax Legal
- MLS Area Major
- 003 - Fayette County SE
- Subdivision Name
- Commercial
- High School District
- Fayette County - 1
Interior
- Bedrooms Total
- 8
- Bathrooms Total
- 8
- Bathrooms Full
- 8
- Living Area
- 4097
- Living Area Source
- Public Records
- Bathrooms Half
- 0
More Information
Building
- Year Built
- 1985
- Stories Total
- 3
- Accessibility Features YN
- No
Lot
- Lot Size Acres
- 0.688
- Lot Size Square Feet
- 29969.28
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Remarks
- Public Remarks
- Rare investment opportunity in a prime Lexington location! This 4-unit apartment complex is ideally situated next to Central Baptist Hospital and just over a mile from the University of Kentucky, offering strong rental demand and excellent convenience. Each of the four units features 2 bedrooms and 2 full baths, with spacious living rooms that provide comfortable gathering space and an ample kitchen with plenty of cabinet storage, making each unit highly desirable for tenants. All units are located on the third floor of a professional office building, offering added privacy and a unique mixed-use setting. The property includes a common laundry area with coin-operated machines, as well as both elevator and stair access for ease of entry. Tenants will also appreciate the onsite paved parking lot, a valuable amenity in this highly sought-after area. With updated interiors, generous living spaces, and a fantastic location, this property is perfect for investors looking to expand their portfolio with a low-maintenance, income-producing asset. **This is only the 4 condos on the top floor, this is not for the entire building **
Building and Property Details
- Building Expansion Potential YN
- No
Unit Details
- Number Of Units Vacant
- 4
Showing Information
- Showing Instructions
- Please use Showingtime to schedule all showings
Tax & Legal
- Elementary School
- Glendover
- Middle Or Junior School
- Mary E Britton
- High School
- Lafayette
- Tax Rate
- 0.0115
- Zoning
- Other
Association/Community
- Number Of Buildings
- 1
- Number Of Units In Community
- 4
- Number Of Units Total
- 4
Association Amenities
- Coin Laundry
- Yes
Association Fee Includes
- Insurance
- Yes
- Maintenance Grounds
- Yes
- Maintenance Structure
- Yes
- Trash
- Yes
- Water
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Central Air
- Yes
- Electric
- Yes
- Heat Pump
- Yes
Heating
- Heat Pump
- Yes
- Natural Gas
- Yes
Laundry Features
- Common Area
- Yes
Parking Features
- On Site
- Yes
- Paved
- Yes
Possession
- Close Of Escrow
- Yes
Roof
- Shingle
- Yes
Structure Type
- Quadruplex
- Yes
Showing Requirements
- Showing Service
- Yes
Property Features
Utilities:
Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Association Amenities:
Coin Laundry
Association Fee Includes:
Insurance; Maintenance Grounds; Maintenance Structure; Trash; Water
Cooling:
Ceiling Fan(s); Central Air; Electric; Heat Pump
Heating:
Heat Pump; Natural Gas
Laundry Features:
Common Area
Parking Features:
On Site; Paved
Possession:
Close Of Escrow
Roof:
Shingle
Structure Type:
Quadruplex
Showing Requirements:
Showing Service
Sellers Disclosure Of Property Condition ›
Listing Office:
Keller Williams Commonwealth
Last Updated: July - 20 - 2026
Information deemed reliable but not guaranteed.