1969 Cambridge Drive, Lexington, KY 40504
$1,500,000
Property Type:
Residential Income
Bedrooms:
40
Baths:
20
Square Footage:
3,520
Lot Size (sq. ft.):
9,750
Status:
Closed
Current Price:
$1,500,000
List Date:
2/20/2025
Last Modified:
10/13/2026
Overview
Description
Listing Details MLS# 24024816
Listing Information
- Property Sub Type
- Quadruplex
- Comp Sale YN
- No
Status Change Information
- StatusChangeDate
- 2025-04-08
- Contract Acceptance Date
- 2025-03-05
- Sold Date
- 2025-03-31
- Buyer Financing
- Cash
- Concessions Comments
- $4800 repair
- Sale Type
- Arms Length Sale
Address
- County
- Fayette
- Street #
- 1969
- Street
- Cambridge
- St Suffix
- Drive
- State/Province
- KY
- Zip Code
- 40504
- Directions
- Versailles Road inbound, Left on Oxford Circle, Right on Cambridge. Properties are on the right.
- Parcel Number
- 115094731, 15094732, 15094733,15094734, 15094728
Contract
- Original List Price
- 1600000
- Start Showing Date
- 2024-11-26
- Listing Price
- 1600000
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
- Office Exclusive YN
- No
- List Price/Acre
- 7142857.14
- List Price/SqFt
- 454.55
- Sold Price/Acre
- 6696428.57
- Sold Price/SqFt
- 426.14
- SP/LP
- 0.94
Tax Legal
- Area
- 004 - Fayette County SW
- Subdivision/Condo
- Cardinal Valley
Interior
- Total # Bedrooms
- 40
- Total Bathrooms
- 20
- Baths - Full
- 20
- Living Area
- 3520
More Information
Parking Information
- Parking Total
- 5
Building
- Year Built
- 1970
- Stories Total
- 2
Lot
- Lot Size Acres
- 0.224
- Lot Size Square Feet
- 9750
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
Remarks
- Public Remarks
- Great investment opportunity! Selling as a package which includes the following 20 total units. Five 4 plexes, 1969, 1973, 1977, 1981, 2005 Cambridge Drive. There are 20- two bedroom,1 bath units, all have washer/dryer connections and refrigerator and stove, gas furnace and central air. Units are all metered separately. There are two additional listings with that could be purchased with his portfolio that are within 1/2 mile radius of this property also for sale. 12 units at 1904 Cambridge Drive MLS# 24024820 and 10 units at 1921 Oxford Circle. MLS#24024819.
Income and Expenses
- Gross Scheduled Income
- 187080
Unit Details
- Number Of Units Vacant
- 4
Showing Information
- Showing Instructions
- Use showing time for code to an available unit. A floorplans are exactly the same.
Tax & Legal
- Zoning Description
- R3
Association/Community
- Number Of Buildings
- 5
- Number Of Units Total
- 20
Property Features
Utilities:
Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Cooling:
Electric
Heating:
Forced Air
Listing Terms:
Cash; Conventional
Possession:
Subject To Tenant Rights
Roof:
Composition; Shingle
Structure Type:
Quadruplex
Listing Office:
Assurance Realty & Property Management
Last Updated: October - 13 - 2026
Information deemed reliable but not guaranteed.