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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
Documents
Listing Office:
RE/MAX Elite Lexington
Last Updated: July - 01 - 2026
Information deemed reliable but not guaranteed.


Sellers Disclosure Of Property Condition ›