427 S Upper Street, Lexington, KY 40508

$991,000
Property Type: Residential Income Bedrooms: 4 Baths: 3 Square Footage: 10,000 Lot Size (sq. ft.): 12,197 Status: Closed
Current Price: $991,000 List Date: 3/13/2014 Last Modified: 10/13/2026

Overview

Description

6 Multi-family properties ideally located on the edge of UK Campus next to Mellow Mushroom and only a couple of blocks from downtown Lexington. Easily rented, 100% occupancy. Rents total $9,340 per month. All the buildings are 4 bedrooms, 2.5 baths except 429 S. Upper which is currently a 2-bedroom, but could easily be converted to a 3 or 4 bedroom. Each building has appx. 1650 sq.ft. Ample parking. Properties include: 436 Lawrence; 209,211,213 Pine, 427 and 429 S. Upper Street.

Listing Details MLS# 1403665

Status Change Information

Price Change Timestamp
2015-02-21T15:07:28Z
StatusChangeDate
2015-02-21
Contract Acceptance Date
2014-12-19
Sold Date
2015-02-14
Buyer Financing
Conventional

Address

County
Fayette
Street #
427
St Dir
S
Street
Upper
St Suffix
Street
State/Province
KY
Zip Code
40508
Directions
This block of properties is located on the corner of S. Upper, Pine, and Lawrence Streets beside Mellow Mushroom.
Street Suffix Modifier
429
Parcel Number
MULTIPLE

Contract

Original List Price
1097000
Start Showing Date
2014-03-13
Listing Price
1097000
Listing Agreement
Exclusive Right To Sell
Office Exclusive YN
No
List Price/Acre
3917857.14
List Price/SqFt
109.7
Sold Price/Acre
3539285.71
Sold Price/SqFt
99.1
SP/LP
0.9

Tax Legal

Area
004 - Fayette County SW
Subdivision/Condo
Uk Campus

Interior

Total # Bedrooms
4
Total Bathrooms
3
Baths - Full
2
Bathrooms Half
Yes
Living Area
10000

Parking Information

Parking Total
20

More Information

Building

Year Built
1980

Lot

Lot Size Acres
0.28
Lot Size Square Feet
12196.81

Utilities

Cooling YN
Yes
Heating YN
Yes

Remarks

Public Remarks
6 Multi-family properties ideally located on the edge of UK Campus next to Mellow Mushroom and only a couple of blocks from downtown Lexington. Easily rented, 100% occupancy. Rents total $9,340 per month. All the buildings are 4 bedrooms, 2.5 baths except 429 S. Upper which is currently a 2-bedroom, but could easily be converted to a 3 or 4 bedroom. Each building has appx. 1650 sq.ft. Ample parking. Properties include: 436 Lawrence; 209,211,213 Pine, 427 and 429 S. Upper Street.

Building and Property Details

Building Expansion Potential YN
No
Lot Expansion Potential YN
No

Income and Expenses

Gross Scheduled Income
112080

Tax & Legal

Tax Rate
1.1637
Zoning Description
R-2

Association/Community

Number Of Buildings
6
Number Of Units Total
6

Property Features

Utilities: Electricity Connected; Electricity Connected Cooling: Electric Heating: Electric Roof: Shingle Special Listing Conditions: Standard
Listing Office: Horse Capital Realty
Last Updated: October - 13 - 2026
Information deemed reliable but not guaranteed.