414 Morrison Avenue, Lexington, KY 40508
New Listing
$249,900
Property Type:
Residential Income
Bedrooms:
4
Baths:
2
Square Footage:
1,581
Lot Size (sq. ft.):
5,624
Status:
Active
Current Price:
$249,900
List Date:
8/06/2026
Last Modified:
8/06/2026
Overview
Description
Listing Details MLS# 26021218
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Duplex
Status Change Information
- Status Change Timestamp
- 2026-08-06
Address
- County
- Fayette
- Street Number
- 414
- Street Name
- Morrison
- Street Suffix
- Avenue
- State
- KY
- Zip Code
- 40508
- Directions
- From downtown Lexington, take North Broadway approximately one mile. Turn left onto Morrison Avenue. The property, including both 414 and 414½ Morrison Avenue, will be on Morrison Avenue between North Broadway and Delcamp Drive.
- Parcel Number
- 11564400
Contract
- Original List Price
- 249900
- Start Showing Date
- 2026-08-06
- Listing Contract Date
- 2026-08-06
- Listing Agreement
- Exclusive Right To Sell
- Owner Name
- R-2
- Occupant Type
- Occupied
- Office Exclusive YN
- No
- List Price/Acre
- 1937209.3
- List Price/SqFt
- 158.06
Tax Legal
- MLS Area Major
- 001 - Fayette County NW
- Subdivision Name
- Downtown
- High School District
- Fayette County - 1
Interior
- Bedrooms Total
- 4
- Bathrooms Total
- 2
- Bathrooms Full
- 2
- Living Area
- 1581
- Living Area Source
- Public Records
- Bathrooms Half
- 0
More Information
Parking Information
- Parking Total
- 6
Building
- Year Built
- 1958
- Stories Total
- Yes
- Accessibility Features YN
- Yes
Lot
- Lot Size Acres
- 0.129
- Lot Size Square Feet
- 5624
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
- Cable Connected
- Yes
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Water Connected
- Yes
Remarks
- Public Remarks
- This offering includes both sides of the duplex at 414 and 414½ Morrison Avenue. Each unit features two bedrooms and one full bathroom. Both units are currently rented for $625 per month, providing a combined gross monthly income of $1,250. Estimated market rents in the property's current condition are approximately $1,100 to $1,300 per unit, offering significant income-growth potential. The 414 Morrison Avenue unit was updated in 2014, while the 414½ unit has not been updated and offers an opportunity for future improvements and additional value. Neither side has a lease; both tenants currently occupy on a month-to-month basis. This is a solid opportunity for an investor seeking immediate rental income with substantial upside potential near downtown Lexington.
Tax & Legal
- Elementary School
- Harrison
- Middle Or Junior School
- Lexington Trad
- High School
- Lafayette
- Tax Rate
- 1.2638
- Zoning
- R-2
- Zoning Description
- R-2
Association/Community
- Number Of Buildings
- 2
- Number Of Units Total
- 2
Cooling
- Central Air
- Yes
Heating
- Forced Air
- Yes
- Natural Gas
- Yes
Laundry Features
- Main Level
- Yes
Parking Features
- On Site
- Yes
- On Street
- Yes
- Open
- Yes
- Paved
- Yes
Possession
- Close Of Escrow
- Yes
Roof
- Composition
- Yes
- Shingle
- Yes
Structure Type
- Duplex
- Yes
Showing Requirements
- No Sign
- Yes
- Showing Service
- Yes
Property Features
Utilities:
Cable Connected; Electricity Connected; Natural Gas Connected; Water Connected; Cable Connected; Electricity Connected; Natural Gas Connected; Water Connected
Cooling:
Central Air
Heating:
Forced Air; Natural Gas
Laundry Features:
Main Level
Parking Features:
On Site; On Street; Open; Paved
Possession:
Close Of Escrow
Roof:
Composition; Shingle
Structure Type:
Duplex
Showing Requirements:
No Sign; Showing Service
Sellers Disclosure Of Property Condition ›
Listing Office:
Belmont Realty Group
Last Updated: August - 06 - 2026
Information deemed reliable but not guaranteed.