2024 Cornerstone Drive, Lexington, KY 40509
$1,550,000
Property Type:
Residential Income
Bedrooms:
24
Baths:
17
Square Footage:
12,544
Lot Size (sq. ft.):
24,033
Status:
Closed
Current Price:
$1,550,000
List Date:
5/12/2025
Last Modified:
1/22/2026
Listing Details MLS# 25009873
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Apartment
Status Change Information
- Status Change Timestamp
- 2025-10-14
- Purchase Contract Date
- 2025-05-14
- Close Date
- 2025-07-16
- Close Price
- 1550000
- Buyer Financing
- Cash
- Sale Type
- Arms Length Sale
Address
- County
- Fayette
- Street Number
- 2024
- Street Name
- Cornerstone
- Street Suffix
- Drive
- State
- KY
- Zip Code
- 40509
- Directions
- Turn onto fortune drive off liberty
- Parcel Number
- 38019630
Contract
- Original List Price
- 1310000
- Start Showing Date
- 2025-05-12
- Listing Contract Date
- 2025-05-12
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
- Office Exclusive YN
- No
- List Price/Acre
- 2381818.18
- List Price/SqFt
- 104.43
- Sold Price/Acre
- 2818181.82
- Sold Price/SqFt
- 123.57
- SP/LP
- 1.18
Tax Legal
- MLS Area Major
- 002 - Fayette County NE
- Subdivision Name
- Eastwood
Interior
- Bedrooms Total
- 24
- Bathrooms Total
- 17
- Bathrooms Full
- 12
- Bathrooms Half
- 5
- Living Area
- 12544
More Information
Parking Information
- Parking Total
- 20
Building
- Year Built
- 2000
- Stories Total
- 2
Lot
- Lot Size Acres
- 0.552
- Lot Size Square Feet
- 24033
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
- Electricity Connected
- Yes
- Natural Gas Available
- Yes
- Propane
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Remarks
- Public Remarks
- 12-Unit Multifamily Investment Opportunity | Lexington, KY 40509 Presented by The Gibson Company The Gibson Company is excited to bring to market a 12-unit multifamily investment opportunity located in the highly desirable 40509 zip code of Lexington, KY. This portfolio consists of one (1) 8-plex and one (1) 4-plex, both constructed in the year 2000. The 8-plex consists of seven (7) 2-bedroom, 1-bath units and one (1) 2-bedroom, 1.5-bath unit. Each unit is approximately 900 square feet and includes a small private deck for tenant enjoyment. The 4-plex includes four (4) large 2-bedroom, 2-bath units, each approximately 1,100 square feet. These units do not include decks but offer spacious interior layouts. Both buildings have had roofs replaced within the last 5-8 years. Approximately 75% of all HVAC units have also been replaced, offering reduced near-term capital expenditure exposure for investors. The property is located minutes from New Circle Road, I-75, Hamburg Pavilion, and Man O' War Boulevard — providing strong connectivity to retail, restaurants, and employment centers. Property Highlights: 12 Total Units: One 8-Plex + One 4-Pl
Building and Property Details
- Building Expansion Potential YN
- No
- Lot Expansion Potential YN
- No
- Age of Roof
- 5
Showing Information
- Showing Instructions
- All units are full. Showings not permitted until accepted contract
Tax & Legal
- Zoning Description
- r-4
Association/Community
- Number Of Buildings
- 2
- Number Of Units Total
- 12
Cooling
- Heat Pump
- Yes
Heating
- Heat Pump
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Possession
- Close Of Escrow
- Yes
Roof
- Shingle
- Yes
Structure Type
- Multi Family
- Yes
- Quadruplex
- Yes
Income and Expenses
- Vacancy Allowance Rate
- 0
Documents
- Sellers Disclosure Of Property Condition
- Yes
Property Features
Utilities:
Electricity Connected; Natural Gas Available; Propane; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Available; Propane; Sewer Connected; Water Connected
Cooling:
Heat Pump
Heating:
Heat Pump
Listing Terms:
Cash; Conventional
Possession:
Close Of Escrow
Roof:
Shingle
Structure Type:
Multi Family; Quadruplex
Documents:
Sellers Disclosure Of Property Condition
Listing Office:
The Gibson Company
Last Updated: January - 22 - 2026
Information deemed reliable but not guaranteed.