388 Redding Road, Lexington, KY 40517
$889,900
Property Type:
Residential Income
Bedrooms:
16
Baths:
8
Square Footage:
7,300
Lot Size (sq. ft.):
11,700
Status:
Pending
Current Price:
$889,900
List Date:
8/19/2026
Last Modified:
11/04/2026
Overview
Description
Listing Details MLS# 26022566
Listing Information
- Property Sub Type
- Quadruplex
- Comp Sale YN
- No
Status Change Information
- Price Change Timestamp
- 2026-10-26T18:37:57Z
- StatusChangeDate
- 2026-11-04
- Contract Acceptance Date
- 2026-11-04
Address
- County
- Fayette
- Street #
- 388
- Street
- Redding
- St Suffix
- Road
- State/Province
- 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
- 944900
- Start Showing Date
- 2026-08-19
- Listing Price
- 889900
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
- Office Exclusive YN
- No
- List Price/Acre
- 3295925.93
- List Price/SqFt
- 121.9
Tax Legal
- Area
- 003 - Fayette County SE
- Subdivision/Condo
- Kirklevington
- School District
- Fayette County - 1
Interior
- Total # Bedrooms
- 16
- Total Bathrooms
- 8
- Baths - Full
- 8
- Living Area
- 7300
- Living Area Source
- Public Records
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: Seller reserves the right to review, entertain, and accept an offer at any time.
Tax & Legal
- Zoning Description
- R-3 - PLANNED NBHD RESIDENTIAL
Property Features
Cooling:
Central Air
Heating:
Electric
Possession:
Close Of Escrow
Structure Type:
Multi Family
Showing Requirements:
Call Listing Office
Sellers Disclosure Of Property Condition ›
Listing Office:
Bluegrass Property Exchange
Last Updated: November - 04 - 2026
Information deemed reliable but not guaranteed.