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122 S Hanover Avenue, Lexington, KY 40502
New Listing
$849,000
Property Type:
Residential Income
Bedrooms:
4
Baths:
4
Square Footage:
3,600
Lot Size (sq. ft.):
7,501
Status:
Active
Current Price:
$849,000
List Date:
5/14/2026
Last Modified:
5/14/2026
Description
Ashland Park stately brick 4-Plex investment or potential for individual ownership or make this a single family home! Convenient to Downtown, Chevy Chase, UK, Henry Clay Estate, Kenwick Table, local shops, restaurants and more.Each unit has hardwood floors, individual central heat/air, spacious closets, outside decks/porches, 3 garage spaces and driveway for at least 2 additional cars.First floor units1 & 2 have living room, bedroom and kitchen, front entrance and rear exits and front porch access.Second floor unit 3 has living room, formal dining room, large kitchen, bath, bedroom and access to the large deck off the rear, front entrance and rear exit. Second floor unit 4 has living room, kitchen and bath and the 3rd floor large bedroom and office area with deck off the rear. Property has 3 car garage, full shared basement with storage and laundry (Coin operated could be installed) Roof and garage doors are 5yrs old, 1 HVAC unit replaced 2025, rebuilt front porch roof 2026, exterior painted 2026. Property is in Historic H-1 overlay requiring approval for exterior changes.24-48 hr notice. All tenants would like to continue. Units 1 ($1000),2 ($1150),4 ($1300) are month to month. Unit 3 lease ends Sept 1, 2026.Rental amounts of units 3 and 4 are under typical market rent. Listing agent is owner.
Supplements: ********
More Information MLS# 26010528
Listing Information
Comp Sale YN: No
Property Sub Type: Quadruplex
Status Change Information
Back on Market Date: 2026-05-15
Status Change Timestamp: 2026-05-13
Address
Directions: South Hanover between Richmond Rd and Fincastle.
Parcel Number: 13325900
County: Fayette
Street Number: 122
Street Direction Prefix: S
Street Name: Hanover
Street Suffix: Avenue
State: KY
Zip Code: 40502
Contract
Start Showing Date: 2026-05-13
Listing Agreement: Exclusive Right To Sell
Occupant Type: Tenant
Office Exclusive YN: No
List Price/Acre: 4994117.65
List Price/SqFt: 235.83
Current Price: $849,000
Original List Price: 849000
Status: Active
Listing Contract Date: 2026-05-11
List Price: $849,000
Tax & Legal
Elementary School: Cassidy
Middle Or Junior School: Morton
High School: Henry Clay
Tax Rate: 1.2638
Zoning: R-2
Zoning Description: R-2
Association/Community
Number Of Buildings: 1
Number Of Units Total: 4
Interior
Living Area: 3600
Living Area Source: Appraiser
Bathrooms Half: 0
Bedrooms Total: 4
Bathrooms Total: 4
Bathrooms Full: 4
Parking Information
Parking Total: 5
Building
Stories Total: 2
Accessibility Features YN: No
Year Built: 1930
Lot
Lot Size Acres: 0.1722
Lot Size Square Feet: 7501
Utilities
Cooling YN: Yes
Heating YN: Yes
Remarks
Public Remarks: Ashland Park stately brick 4-Plex investment or potential for individual ownership or make this a single family home! Convenient to Downtown, Chevy Chase, UK, Henry Clay Estate, Kenwick Table, local shops, restaurants and more.Each unit has hardwood floors, individual central heat/air, spacious closets, outside decks/porches, 3 garage spaces and driveway for at least 2 additional cars.First floor units1 & 2 have living room, bedroom and kitchen, front entrance and rear exits and front porch access.Second floor unit 3 has living room, formal dining room, large kitchen, bath, bedroom and access to the large deck off the rear, front entrance and rear exit. Second floor unit 4 has living room, kitchen and bath and the 3rd floor large bedroom and office area with deck off the rear. Property has 3 car garage, full shared basement with storage and laundry (Coin operated could be installed) Roof and garage doors are 5yrs old, 1 HVAC unit replaced 2025, rebuilt front porch roof 2026, exterior painted 2026. Property is in Historic H-1 overlay requiring approval for exterior changes.24-48 hr notice. All tenants would like to continue. Units 1 ($1000),2 ($1150),4 ($1300) are month to month. Unit 3 lease ends Sept 1, 2026.Rental amounts of units 3 and 4 are under typical market rent. Listing agent is owner.
Association Amenities
Other: 1
Community Features
Park: 1
Pickleball: 1
Pool: 1
Tennis Court(s): 1
Cooling
Electric: 1
Heat Pump: 1
Heating
Electric: 1
Heat Pump: 1
Laundry Features
Common Area: 1
Electric Dryer Hookup: 1
Lower Level: 1
Washer Hookup: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Parking Features
Enclosed: 1
On Site: 1
Open: 1
Paved: 1
Possession
Close Of Escrow: 1
Subject To Tenant Rights: 1
Roof
Composition: 1
Rubber: 1
Structure Type
Quadruplex: 1
Building and Property Details
Furniture, Fixtures & Equipment YN: Yes
Age of Roof: 5
Income and Expenses
Gross Income: 4645
Showing Requirements
Call Listing Agent: 1
Showing Information
Showing Instructions: Call listing agent to schedule showing units. All can be shown but times will vary.
Tax Legal
MLS Area Major: 003 - Fayette County SE
Subdivision Name: Ashland Park
High School District: Fayette County - 1
Property Features
Association Amenities: Other
Community Features: Park; Pickleball; Pool; Tennis Court(s)
Cooling: Electric; Heat Pump
Heating: Electric; Heat Pump
Laundry Features: Common Area; Electric Dryer Hookup; Lower Level; Washer Hookup
Listing Terms: 1031 Exchange; Cash; Conventional
Parking Features: Enclosed; On Site; Open; Paved
Possession: Close Of Escrow; Subject To Tenant Rights
Roof: Composition; Rubber
Structure Type: Quadruplex
Showing Requirements: Call Listing Agent
Listing Office:
United Real Estate Bluegrass
Last Updated: May - 14 - 2026
Information deemed reliable but not guaranteed.


Sellers Disclosure Of Property Condition ›