388 Redding Road, Lexington, KY 40517

$1,049,900
Property Type: Residential Income Bedrooms: 16 Baths: 8 Square Footage: 7,300 Lot Size (sq. ft.): 11,700 Status: Active
Current Price: $1,049,900 List Date: 4/15/2026 Last Modified: 5/18/2026

Overview

Description

Attention Investors! 8-Unit Apartment Building. Turn-Key Investment Opportunity With Immediate Value-Add Potential! All the heavy lifting has already been done on this fully occupied asset, making it an easy addition to your portfolio. Recent major capital improvements include a newer roof, gutters, windows, siding, and breaker panels. Several units have also been recently updated/renovated, creating a strong blend of current stability and upside through future interior updates. The property is currently 100% occupied, with all tenants (8) on month-to-month leases, offering maximum flexibility for rent increases, additional renovations, or portfolio repositioning. 5 of 8 tenants are long-term residents who would love to stay, providing dependable in-place income from day one. Seller is license KY real estate agent.

Listing Details MLS# 26007953

Listing Information

Comp Sale YN
No
Property Sub Type
Quadruplex

Status Change Information

Price Change Timestamp
2026-05-18T15:14:06Z
Status Change Timestamp
2026-04-15

Address

County
Fayette
Street Number
388
Street Name
Redding
Street Suffix
Road
State
KY
Zip Code
40517
Directions
Nicholasville Rd To E Reynolds Rd To Lansdowne Dr To Redding Rd. Building Right Next To Kirklevington Park.
Parcel Number
13744638

Contract

Original List Price
1099900
Start Showing Date
2026-04-15
Listing Contract Date
2026-04-15
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant
Office Exclusive YN
No
List Price/Acre
3888518.52
List Price/SqFt
143.82

Tax Legal

MLS Area Major
003 - Fayette County SE
Subdivision Name
Kirklevington
High School District
Fayette County - 1

Interior

Bedrooms Total
16
Bathrooms Total
8
Bathrooms Full
8
Living Area
7300
Living Area Source
Public Records
Bathrooms Half
0

More Information

Building

Year Built
1978
Stories Total
2
Accessibility Features YN
No

Lot

Lot Size Acres
0.2686
Lot Size Square Feet
11700

Utilities

Cooling YN
Yes
Heating YN
Yes

Remarks

Public Remarks
Attention Investors! 8-Unit Apartment Building. Turn-Key Investment Opportunity With Immediate Value-Add Potential! All the heavy lifting has already been done on this fully occupied asset, making it an easy addition to your portfolio. Recent major capital improvements include a newer roof, gutters, windows, siding, and breaker panels. Several units have also been recently updated/renovated, creating a strong blend of current stability and upside through future interior updates. The property is currently 100% occupied, with all tenants (8) on month-to-month leases, offering maximum flexibility for rent increases, additional renovations, or portfolio repositioning. 5 of 8 tenants are long-term residents who would love to stay, providing dependable in-place income from day one. Seller is license KY real estate agent.

Income and Expenses

Gross Income
90300

Showing Information

Showing Instructions
Contact Listing Agent. Serious buyers only. Don't disturb property or tenants. Possible Open Viewing: May 2nd from 3:00-4:00 PM. Seller reserves the right to review, entertain, and accept an offer at any time.

Tax & Legal

High School
Tates Creek
Zoning Description
R-3 - PLANNED NBHD RESIDENTIAL

Cooling

Central Air
Yes

Heating

Electric
Yes

Possession

Close Of Escrow
Yes

Structure Type

Multi Family
Yes

Showing Requirements

Call Listing Office
Yes

Property Features

Cooling: Central Air Heating: Electric Possession: Close Of Escrow Structure Type: Multi Family Showing Requirements: Call Listing Office
Listing Office: Bluegrass Property Exchange
Last Updated: May - 18 - 2026
Information deemed reliable but not guaranteed.