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.