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:
8/26/2025
Overview
Description
Listing Details MLS# 1403665
Status Change Information
- Price Change Timestamp
- 2015-02-21T15:07:28Z
- Status Change Timestamp
- 2015-02-21
- Purchase Contract Date
- 2014-12-19
- Close Date
- 2015-02-14
- Close Price
- 991000
- Buyer Financing
- Conventional
Address
- County
- Fayette
- Street Number
- 427
- Street Direction Prefix
- S
- Street Name
- Upper
- Street Suffix
- Street
- Street Suffix Modifier
- 429
- State
- KY
- Zip Code
- 40508
- Directions
- This block of properties is located on the corner of S. Upper, Pine, and Lawrence Streets beside Mellow Mushroom.
- Parcel Number
- MULTIPLE
Contract
- Original List Price
- 1097000
- Start Showing Date
- 2014-03-13
- Listing Contract Date
- 2014-03-13
- 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
- MLS Area Major
- 004 - Fayette County SW
- Subdivision Name
- Uk Campus
Interior
- Bedrooms Total
- 4
- Bathrooms Total
- 3
- Bathrooms 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
- Electricity Connected
- 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
Cooling
- Electric
- Yes
Heating
- Electric
- Yes
- Heat Pump
- Yes
Possession
- Other
- Yes
Roof
- Shingle
- Yes
Special Listing Conditions
- Standard
- Yes
Structure Type
- Other
- Yes
Property Features
Utilities:
Electricity Connected; Electricity Connected
Cooling:
Electric
Heating:
Electric; Heat Pump
Possession:
Other
Roof:
Shingle
Special Listing Conditions:
Standard
Structure Type:
Other
Listing Office:
Horse Capital Realty
Last Updated: August - 26 - 2025
Information deemed reliable but not guaranteed.