859-306-0617
150 N Northland Dr
Lexington, KY 40505
East Lexington
HIGHLIGHTS
- Under-rented Asset with Significant Upside: 78-unit community currently $.36/sf under-rented
- Permanently Tax-Advantaged via Opportunity Zone & QCT Dual Designation: Strategic location w/ tax-advantaged benefits & long-term capital preservation
- Strategic Urban Core Proximity: Just minutes from the NoLi District & Greyline Station, Lexington's premier destination for local dining & retail
- High-Traffic Visibility: Situated on a primary artery with 14,668 cars per day, providing continuous organic marketing
- Employment Anchor Access: Proximity to Rupp Arena, Central Bank Center, and UK Healthcare ensures a robust and diverse tenant base
- Favorable Market Dynamics: Insulated by Lexington's Urban Service Boundary, which restricts new competition and drives organic rent growth
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Rare 78-Unit Multifamily PLUS Adjacent Land
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1975
PARKING SPACES
120
LAND DETAILS
LAND ACRES
4.14 AC
LAND SF
180,338 SF
ZONING
R-3
APN/PARCEL ID
14091001,14091002
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859-306-0617
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859-306-0617
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