431 W Second Street, Lexington, KY 40507
$1,065,000
Property Type:
Residential Income
Square Footage:
18,250
Lot Size (sq. ft.):
42,689
Status:
Closed
Current Price:
$1,065,000
List Date:
10/23/2018
Last Modified:
8/26/2025
Overview
Description
Listing Details MLS# 1824239
Listing Information
- Property Sub Type
- Apartment
Status Change Information
- Price Change Timestamp
- 2019-10-21T16:11:11Z
- Status Change Timestamp
- 2019-10-21
- Purchase Contract Date
- 2019-06-07
- Close Date
- 2019-10-16
- Close Price
- 1065000
- Buyer Financing
- Conventional
- Sale Type
- Arms Length Sale
- Concessions Comments
- n/a
Address
- County
- Fayette
- Street Number
- 431
- Street Direction Prefix
- W
- Street Name
- Second
- Street Suffix
- Street
- State
- KY
- Zip Code
- 40507
- Directions
- Broadway to West 2nd street. Property located on the right
- Parcel Number
- 11438651
Contract
- Original List Price
- 1499000
- Start Showing Date
- 2018-10-23
- Listing Contract Date
- 2018-10-23
- Listing Agreement
- Exclusive Right To Sell
- Office Exclusive YN
- No
- List Price/Acre
- 1382653.06
- List Price/SqFt
- 74.25
- Sold Price/Acre
- 1086734.69
- Sold Price/SqFt
- 58.36
- SP/LP
- 0.79
Tax Legal
- MLS Area Major
- 001 - Fayette County NW
- Subdivision Name
- Downtown
- High School District
- Fayette County - 1
Interior
- Living Area
- 18250
- Bathrooms Half
- 0
More Information
Parking Information
- Parking Total
- 35
Building
- Year Built
- 1920
Lot
- Lot Size Acres
- 0.98
- Lot Size Square Feet
- 42688.84
- Road Frontage Feet
- 92
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
Remarks
- Public Remarks
- Here is your chance to own one of Lexington's downtown trophies that is in need of some polish! Back in it's day it was part of Hagerman college. This 4 magnificent story has over 18,000 sqft and an expandable basement with just over 4,700 sqft. It has 23 units. The lot is just under an acre with lots of green space. The building is in need of lots of updates.
Building and Property Details
- Building Expansion Potential YN
- Yes
- Building Expansion SqFt
- 4700
Tax & Legal
- Elementary School
- Harrison
- Middle Or Junior School
- Lexington Trad
- High School
- Lafayette
- Tax Rate
- 1.2174
- Zoning Description
- R-4 with H-1 overlay
Association/Community
- Number Of Buildings
- 1
- Number Of Units Total
- 23
Cooling
- Electric
- Yes
- Gas
- Yes
Heating
- Electric
- Yes
- Forced Air
- Yes
- Heat Pump
- Yes
- Natural Gas
- Yes
Possession
- Subject To Tenant Rights
- Yes
Roof
- Metal
- Yes
- Shingle
- Yes
Special Listing Conditions
- Standard
- Yes
Structure Type
- Multi Family
- Yes
Property Features
Utilities:
Electricity Connected; Natural Gas Connected; Electricity Connected; Natural Gas Connected
Cooling:
Electric; Gas
Heating:
Electric; Forced Air; Heat Pump; Natural Gas
Possession:
Subject To Tenant Rights
Roof:
Metal; Shingle
Special Listing Conditions:
Standard
Structure Type:
Multi Family
Listing Office:
RE/MAX Elite Lexington
Last Updated: August - 26 - 2025
Information deemed reliable but not guaranteed.