238 W. Second St. | 238 W Second St
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238 W. Second St. 238 W Second St
4 Unit Apartment Building $795,000 ($198,750/Unit) Lexington, KY 40507
Investment Highlights
- Outstanding location in Downtown Lexington across from the Carnegie Center and Gratz Park, on the corner of Mill St. and W. Second St.
- Income-generating multi-family property
- Architectural Design - rare Kensington Queen Anne style
Executive Summary
238 W. Second Street is a unique, 2.5-story urban townhouse that is comprised of 4 units and 7 bedrooms total. Crafted in the fairly-rare Kensington Queen Anne style, this structure boasts unique character from top to bottom. The brick facades are detailed with ornamented stone accent headers, sills, and decorative stone surrounds. Each cross gable is punctuated by an ornamental Dutch gable with curved stone parapet caps. The secondary entrance off Mill St. is set back to accommodate a stone stair element. Each floor has tall ceilings and each unit has unique charm making it a desirable Downtown residence.
The property is located in the heart of Downtown Lexington across from the Carnegie Center at the corner of Mill St. and Second St., with easy walkability to Gratz Park, popular dining, shopping, Convention Center, and the new Gatton Park on the Town Branch.
First Floor: 2 units, each with 1 BR, 1 BA
Second Floor: 1 unit, 3 BR, 2 BA
Third Floor: 1 unit, 2 BR, 1 BA
*24-hour notice required prior to all showings.
The property is located in the heart of Downtown Lexington across from the Carnegie Center at the corner of Mill St. and Second St., with easy walkability to Gratz Park, popular dining, shopping, Convention Center, and the new Gatton Park on the Town Branch.
First Floor: 2 units, each with 1 BR, 1 BA
Second Floor: 1 unit, 3 BR, 2 BA
Third Floor: 1 unit, 2 BR, 1 BA
*24-hour notice required prior to all showings.
Property Facts
| Price | $795,000 | Building Class | C |
| Price Per Unit | $198,750 | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 6,970 SF |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1850 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Townhome |
| Price | $795,000 |
| Price Per Unit | $198,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 6,970 SF |
| No. Stories | 3 |
| Year Built | 1850 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 3+2 | 1 | - | - |
| 2+1 | 1 | - | - |
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Walk Score ®
Walker's Paradise (92)
Bike Score ®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 13351900 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $325,000 |
PROPERTY TAXES
Parcel Number
13351900
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$325,000
zoning
| Zoning Code | R-4 (Multi-Family Residential) |
| R-4 (Multi-Family Residential) |
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238 W. Second St. | 238 W Second St
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