Listing provided courtesy of Bluegrass Property Exchange- MLS# 26007953
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388 Redding RoadLexington, KY 40517
Multi-Family · 16 Beds · 8 Full Baths · 7,300 Sq. ft. | 0.27 Acres$999,900
Active
388 Redding Road Overview
- Time on Site:
- 76 days
- Visits:
- 2
Attention Investors! 8-Unit Apartment Building. Turn-Key Investment Opportunity With Immediate Value-Add Potential! All the heavy lifting has already been done on this fully occupied asset, making it an easy addition to your portfolio. Recent major capital improvements include a newer roof, gutters, windows, siding, and breaker panels. Several units have also been recently updated/renovated, creating a strong blend of current stability and upside through future interior updates. The property is currently 100% occupied, with all tenants (8) on month-to-month leases, offering maximum flexibility for rent increases, additional renovations, or portfolio repositioning. 5 of 8 tenants are long-term residents who would love to stay, providing dependable in-place income from day one. Seller is license KY real estate agent.
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388 Redding Road Facts & Features
- Type Multi-Family
- Sq. ft. 7,300
- Price/Sq.ft. $137
- Lot 0.27 Acres
Details
General
School Information
- High School: Tates Creek
Income/Expenses
- Gross Income: 90300.0
Building Information
- Year Built: 1978
Location/Region
- County Or Parish: Fayette
- MLS Area Major: 003 - Fayette County SE
- MLS Area Minor: 003 - Fayette County SE
- Subdivision Name: Kirklevington
General Information
- Parcel Number: 13744638
- Property Sub Type: Quadruplex
- Property Type: Residential Income
Interior
Beds/Baths
- Bathrooms Full: 8
- Bathrooms Half: 0
- Bathrooms Total: 8
- Bedrooms Total: 16
Building Interior
- Building Area Total: 7300.0
General Information
- Living Area: 7300.0
- Living Area Source: Public Records
- Stories Total: 2
Exterior
Lot Information
- Lot Size Acres: 0.2686
- Lot Size Area: 0.27
- Lot Size Square Feet: 11700.0
- Lot Size Units: Acres
Building Exterior/Construction
- Structure Type: Multi Family
388 Redding Road Neighborhood
Community
40517 (Lexington) Demographics
32
Median Age
6,037
Population Density (per sq. mile)
44%
College Educated
$46,696
Estimated Median Income
6,237
Estimated Total Home Owners
10,407
Estimated Total Renters
37% / 63%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.388 Redding Road Monthly Cost
388 Redding Road Market Data
Based on the last 30 days in this zip code
$292,137
Average List Price
$177
Average Price per Square Foot
31
Properties Sold
81
Average Days on Market
91
Properties for Sale
388 Redding Road History
| Date | Value | Agent |
|---|---|---|
| 6/6/2026Source: Imagine MLS/Bluegrass | $999,900 -4.8% |
|
| 5/18/2026Source: Imagine MLS/Bluegrass | $1,049,900 -1.9% |
|
| 5/5/2026Source: Imagine MLS/Bluegrass | $1,069,900 -2.7% |
|
| 4/15/2026Source: Imagine MLS/Bluegrass | April 15, 2026 |
|
| 8/12/2025Source: Imagine MLS/Bluegrass | August 12, 2025 |
|
| 8/12/2025Source: Imagine MLS/Bluegrass | August 12, 2025 |
|
| 8/12/2025Source: Imagine MLS/Bluegrass | August 12, 2025 |
|
| 8/12/2025Source: Imagine MLS/Bluegrass | August 12, 2025 |
|
| 8/12/2025Source: Imagine MLS/Bluegrass | August 12, 2025 |
|
| 8/12/2025Source: Imagine MLS/Bluegrass | August 12, 2025 |