150 Deweese St - Apartments FOR SALE


Lexington, KY 40507- Downtown Lexington
$1,125,000 USD
859-306-0617
150 Deweese St, Lexington, KY for Sale
$1,125,000 USD
Apartments - FOR SALE
1/27
null | 7% Cap Rate

150 Deweese St
Lexington, KY 40507
Downtown Lexington


HIGHLIGHTS

  • Proven occupancy performance and reliable tenant demand
  • 5 Units (1 bed 1 bath). Upstairs units have extra loft/storage space
  • Average Monthly Income (2024): $8,850
  • 2024 NOI: $78,244
  • Fully furnished in a desirable downtown location
  • New construction (2016)

OVERVIEW

SVN Stone Commercial Real Estate is pleased to present this newly constructed property (built in 2016), located in a high-demand area just minutes from downtown restaurants, shopping, the farmer’s market, and Rupp Arena. Featuring a modern design with custom finishes—no cookie-cutter units here—this property currently operates as a short- to mid-term rental catering primarily to travel nurses. The five units generate an average of $8,850 per month, with gross income of $106,200 per year, and consistently low vacancy—making it an ideal investment opportunity for buyers seeking reliable income and minimal risk. This is your chance to break into the mid-term / Airbnb market! 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.

FOR SALE DETAILS

PRICE

$1,125,000 USD

PRICE/SF

$406 USD /SF

# OF UNITS

5

PRICE/UNIT

$225,000

CAP RATE

7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2016

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

B-2A

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

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.

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.