148 - 152 E Fourth Street, Lexington, KY 40508

New Listing
$799,000
Property Type: Residential Income Bedrooms: 8 Baths: 4 Square Footage: 4,900 Lot Size (sq. ft.): 12,720 Status: Active
Current Price: $799,000 List Date: 7/01/2026 Last Modified: 7/01/2026

Description

An exceptional opportunity to acquire a turnkey portfolio of two neighboring, fully occupied historic duplexes in the heart of downtown Lexington. Originally built in the late 1800s and thoughtfully restored while preserving their historic character, these award-winning properties offer a total of four spacious 2-bedroom, 1-bath residences featuring tall ceilings, restored hardwood floors, updated kitchens and baths, and convenient off-street parking. The package includes a shared off-street parking lot serving both buildings, adding convenience for residents while enhancing the long-term value and functionality of the portfolio. Fully occupied and meticulously maintained, these neighboring duplexes seamlessly blend timeless architecture with modern updates and dependable income potential in one of Lexington's most desirable and walkable neighborhoods, just steps from downtown restaurants, entertainment, shopping, and local attractions. Ideal for investors seeking a stabilized, income-producing asset, this portfolio also presents an outstanding opportunity for an owner-occupant. Live in one unit while the remaining residences help offset your mortgage, create a multigenerational living arrangement, or capitalize on future rental upside. Whether maintained as a long-term cash-flow investment, repositioned through future rent optimization, or utilized as a premium house hack, the portfolio offers multiple value-creation strategies. Priced well below its 2025 appraised value, this offering provides the potential for immediate equity in addition to dependable cash flow and long-term appreciation. Opportunities to acquire two adjacent, Historic Preservation Award-winning duplexes with a shared parking lot in such a premier downtown location are exceptionally rare. This is a truly one-of-a-kind chance to own a landmark investment in one of Lexington's most sought-after neighborhoods.

Supplements: ********

More Information MLS# 26015659

Listing Information

Comp Sale YN: No Property Sub Type: Quadruplex

Address

Directions: Main Street to Limestone, north on Limestone, right on 4th street, up the hill, Access to Parking is from shared driveway on left side of Yellow Duplex (152 E 4th). Parcel Number: 38293280 & 38293270 County: Fayette Street Number: 148 - 152 Street Direction Prefix: E Street Name: Fourth Street Suffix: Street State: KY Zip Code: 40508

Contract

Start Showing Date: 2026-07-01 Listing Agreement: Exclusive Right To Sell Occupant Type: Tenant Office Exclusive YN: No List Price/Acre: 2736301.37 List Price/SqFt: 163.06 Current Price: $799,000 Original List Price: 799000 Status: Active Listing Contract Date: 2026-07-01 List Price: $799,000

Tax & Legal

Elementary School: William Wells Brown Middle Or Junior School: Lexington Trad High School: Frederick Douglass Tax Rate: 1.27

Association/Community

Number Of Buildings: 2 Number Of Units Total: 4

Interior

Living Area: 4900 Living Area Source: Public Records Bathrooms Half: 0 Bedrooms Total: 8 Bathrooms Total: 4 Bathrooms Full: 4

Parking Information

Parking Total: 6

Building

Stories Total: 2 Accessibility Features YN: No Year Built: 1890

Lot

Lot Size Acres: 0.292 Lot Size Square Feet: 12719.52

Utilities

Cooling YN: Yes Heating YN: Yes

Remarks

Public Remarks: An exceptional opportunity to acquire a turnkey portfolio of two neighboring, fully occupied historic duplexes in the heart of downtown Lexington. Originally built in the late 1800s and thoughtfully restored while preserving their historic character, these award-winning properties offer a total of four spacious 2-bedroom, 1-bath residences featuring tall ceilings, restored hardwood floors, updated kitchens and baths, and convenient off-street parking. The package includes a shared off-street parking lot serving both buildings, adding convenience for residents while enhancing the long-term value and functionality of the portfolio. Fully occupied and meticulously maintained, these neighboring duplexes seamlessly blend timeless architecture with modern updates and dependable income potential in one of Lexington's most desirable and walkable neighborhoods, just steps from downtown restaurants, entertainment, shopping, and local attractions. Ideal for investors seeking a stabilized, income-producing asset, this portfolio also presents an outstanding opportunity for an owner-occupant. Live in one unit while the remaining residences help offset your mortgage, create a multigenerational living arrangement, or capitalize on future rental upside. Whether maintained as a long-term cash-flow investment, repositioned through future rent optimization, or utilized as a premium house hack, the portfolio offers multiple value-creation strategies. Priced well below its 2025 appraised value, this offering provides the potential for immediate equity in addition to dependable cash flow and long-term appreciation. Opportunities to acquire two adjacent, Historic Preservation Award-winning duplexes with a shared parking lot in such a premier downtown location are exceptionally rare. This is a truly one-of-a-kind chance to own a landmark investment in one of Lexington's most sought-after neighborhoods.

Cooling

Central Air: 1

Heating

Electric: 1 Heat Pump: 1

Laundry Features

Electric Dryer Hookup: 1 Main Level: 1 Upper Level: 1 Washer Hookup: 1

Listing Terms

1031 Exchange: 1 Conventional: 1

Parking Features

On Site: 1 Paved: 1

Possession

Close Of Escrow: 1 Rental Agreement: 1

Structure Type

Quadruplex: 1

Showing Requirements

Call Listing Agent: 1 No Sign: 1 Showing Service: 1

Showing Information

Showing Instructions: 48 hour notice. Please do not disturb tenants, please do not go to property without prior notice and approval. Call listing agent or schedule on showing assist.

Status Change Information

Status Change Timestamp: 2026-07-01

Tax Legal

MLS Area Major: 001 - Fayette County NW Subdivision Name: Downtown High School District: Fayette County - 1

Property Features

Cooling: Central Air Heating: Electric; Heat Pump Laundry Features: Electric Dryer Hookup; Main Level; Upper Level; Washer Hookup Listing Terms: 1031 Exchange; Conventional Parking Features: On Site; Paved Possession: Close Of Escrow; Rental Agreement Structure Type: Quadruplex Showing Requirements: Call Listing Agent; No Sign; Showing Service
Listing Office: RE/MAX Elite Lexington
Last Updated: July - 01 - 2026
Information deemed reliable but not guaranteed.