1801 & 1805 Gerald Drive, Lexington, KY 40511
$874,900
Property Type:
Residential Income
Bedrooms:
24
Baths:
12
Square Footage:
10,368
Lot Size (sq. ft.):
49,005
Status:
Active
Current Price:
$874,900
List Date:
10/13/2026
Last Modified:
10/13/2026
Overview
Description
Listing Details MLS# 26028360
Listing Information
- Property Sub Type
- Apartment
- Comp Sale YN
- No
Status Change Information
- StatusChangeDate
- 2026-10-13
Address
- County
- Fayette
- Street #
- 1801 & 1805
- Street
- Gerald
- St Suffix
- Drive
- State/Province
- KY
- Zip Code
- 40511
- Directions
- From downtown Lexington, take North Broadway to New Circle Road (KY-4) north. Exit onto Russell Cave Road, then turn left onto Winburn Drive and continue to Gerald Drive.
- Inside City Limits YN
- Yes
- Parcel Number
- 16556500
- Deed Book
- 3616
- Deed Page
- 495
Contract
- Original List Price
- 874900
- Start Showing Date
- 2026-10-13
- Listing Price
- 874900
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
- Office Exclusive YN
- No
- List Price/Acre
- 777688.89
- List Price/SqFt
- 84.38
Tax Legal
- Area
- 001 - Fayette County NW
- Subdivision/Condo
- Winburn Estates
- School District
- Fayette County - 1
Interior
- Total # Bedrooms
- 24
- Total Bathrooms
- 12
- Baths - Full
- 12
- Living Area
- 10368
- Living Area Source
- Public Records
More Information
Parking Information
- Parking Total
- 24
Building
- Year Built
- 1976
- Stories Total
- 3
- Accessibility Features YN
- Yes
Lot
- Lot Size Acres
- 1.125
- Lot Size Square Feet
- 49005
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
Remarks
- Public Remarks
- Excellent investment opportunity featuring two six-unit apartment buildings at 1801 and 1805 Gerald Drive. The property offers 12 total units, each with 2 bedrooms and 1 bathroom, totaling 24 bedrooms and 12 bathrooms. Individually metered units, along with updated electrical systems and HVAC, provide added value for ownership and management. An income-producing multifamily asset offering investors the opportunity to expand their portfolio with established rental potential.
Income and Expenses
- Gross Income
- 9850
- Total Actual Rent
- 9850
- Utilities Expense
- 58
- Water Services Expense
- 126
Showing Information
- Showing Instructions
- Tenant Occupied. Listing Agent must accompany. Strict 48 hour notice to show.
Tax & Legal
- Tax Rate
- 1.2598
- Zoning Description
- High Density Residential
Association/Community
- Number Of Buildings
- 2
- Number Of Units In Community
- 12
- Number Of Units Total
- 12
Parking Features
- Paved
- Yes
Property Features
Utilities:
Cable Available; Electricity Connected; Phone Available; Sewer Connected; Water Connected; Cable Available; Electricity Connected; Phone Available; Sewer Connected; Water Connected
Cooling:
Central Air; Electric
Heating:
Electric; Forced Air
Laundry Features:
Electric Dryer Hookup; Washer Hookup
Listing Terms:
1031 Exchange; Cash; Conventional
Parking Features:
On Site; Open
Possession:
Close Of Escrow
Roof:
Dimensional Style; Flat; Membrane; Shingle
Security Features:
Fire Sprinkler System
Structure Type:
Multi Family
Showing Requirements:
Call Listing Agent; Listing Agent Must Accompany; No Sign; Restricted Hours; Showing Service
Documents
Lead Based Paint Disclosure ›
Listing Office:
Bluegrass Sotheby's International Realty
Last Updated: October - 13 - 2026
Information deemed reliable but not guaranteed.