Attention Investors! This is your chance to acquire 14 units and 1 commercial space near downtown Lexington. This unique property consists of two buildings located at the corner of MLK and Constitution. The Constitution building includes 8 studios on the main floor, 1 unit in the basement along with a partially completed unit and additional space, and a spacious 2-bedroom, 1-bath unit upstairs. The MLK building features 4 residential units, an additional storage unit, and a commercial space currently leased to a salon for $1,000 per month. There will be a group showing on Sunday, November 17th, from 2:30 to 3:30 PM. Don't miss this investment opportunity!
The median home value in Lexington, KY is $311,578. This is higher than the county median home value of $266,700. The national median home value is $338,100. The average price of homes sold in Lexington, KY is $311,578. Approximately 53.76% of Lexington homes are owned, compared to 39.65% rented, while 6.58% are vacant. Lexington real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lexington real estate agent to arrange a tour today!
Lexington, Kentucky 40507 has a population of 313,593. Lexington 40507 is less family-centric than the surrounding county with 28.38% of the households containing married families with children. The county average for households married with children is 30.98%.
The median household income in Lexington, Kentucky 40507 is $70,578. The median household income for the surrounding county is $61,526 compared to the national median of $69,021. The median age of people living in Lexington 40507 is 37.2 years.
The average high temperature in July is 85.8 degrees, with an average low temperature in January of 23.96 degrees. The average rainfall is approximately 46.19 inches per year, with 9.56 inches of snow per year.