111 Cochran Rd - Apartments FOR SALE


Lexington, KY 40502- Southeast Lexington
$685,000 USD
859-306-0617
111 Cochran Rd, Lexington, KY for Sale
$685,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

111 Cochran Rd
Lexington, KY 40502
Southeast Lexington


HIGHLIGHTS

  • Prime Location: Situated in the heart of Lexington’s desirable Chevy Chase neighborhood on one of its most coveted streets.
  • Unit Mix: Five charming units—four 1 bed / 1 bath and one 2 bed / 1 bath—all featuring hardwood floors and classic architectural character.
  • Walkable Amenities: Just steps from retail, boutiques, and top-rated local restaurants.
  • Proximity to Major Employers: Minutes from the University of Kentucky and CHI Saint Joseph Health (Central Baptist), ensuring strong rental demand.
  • Value-Add Potential: Priced at $137,000 per unit—well below the Chevy Chase median of $190,000 per unit (since 2023).

OVERVIEW

In the heart of one of Lexington’s most coveted neighborhoods, this rare offering in Chevy Chase features five charming units—four 1 bed / 1 bath and one 2 bed / 1 bath—all with beautiful hardwood floors and timeless character throughout. Located on one of the most desirable streets in the city, the property combines classic appeal with an unbeatable location. Just steps from popular retail, local boutiques, and some of the city’s best restaurants, this investment is also minutes from major employers like the University of Kentucky and CHI Saint Joseph Health (Central Baptist), driving consistent rental demand. Since 2023, the median price per unit for 4–8 unit properties in Chevy Chase has been $190,000, making this a rare value-add opportunity at just $137,000 per unit. For more information and property financials, or to schedule a tour, contact Justin Ryder, CCIM, at 859.447.3285 or Justin.ryder@svn.com, or Rachel Ridd at 859.327.7261 or Rachel.ridd@svn.com. Property is being sold as-is, inspections welcome.

FOR SALE DETAILS

PRICE

$685,000 USD

PRICE/SF

$176 USD /SF

# OF UNITS

5

PRICE/UNIT

$137,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

R-3

APN/PARCEL ID

15603200

ASK ABOUT THIS PROPERTY

Justin RyderSVN | Stone Commercial Real EstateMore Info
859-306-0617

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Justin RyderSVN | Stone Commercial Real EstateMore Info
859-306-0617

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.