414 Morrison Avenue, Lexington, KY 40508
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Ty Brown

Ty Brown

+1(859) 619-7234
$ 249,900

4 Beds

2 Baths

1,581 SqFt

Save
$ 249,900
Save

4 Beds

2 Baths

1,581 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,581 sqft

Price per Sqft $158

Subdivision Downtown

MLS Listing ID 26021218

Bedrooms 4

Full Baths 2

Year Built 1958

Lot Size 5,624 Sqft

Acres 0.13

Property Sub-Type Duplex

Property Description

This offering includes both sides of the duplex at 414 and 414½ Morrison Avenue. Each unit features two bedrooms and one full bathroom. Both units are currently rented for $625 per month, providing a combined gross monthly income of $1,250. Estimated market rents in the property's current condition are approximately $1,100 to $1,300 per unit, offering significant income-growth potential. The 414 Morrison Avenue unit was updated in 2014, while the 414½ unit has not been updated and offers an opportunity for future improvements and additional value. Neither side has a lease; both tenants currently occupy on a month-to-month basis. This is a solid opportunity for an investor seeking immediate rental income with substantial upside potential near downtown Lexington.

Location

State KY

County Fayette

Zoning R-2

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Laundry Main Level

Exterior

Parking Features On Street, On Site, Open, Paved

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Water Connected

View Y/N N

Roof Type Composition,Shingle

Handicap Access No

Private Pool No

Schools

Elementary Schools Harrison

Middle Schools Lexington Trad

High Schools Lafayette

Imagine MLS / Bluegrass Association of REALTORS (LBAR)
Listed by Belmont Realty Group
Ty Brown

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(859) 619-7234

tysellshouses@gmail.com

222 East Witherspoon St 1st Floor Louisville, KY 4, Louisville, Kentucky 40202, USA

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree to receive text messages from Ty Brown regarding real estate services, property inquiries, scheduling, and related communications. Message frequency varies. Message and data rates may apply. Reply HELP for help or STOP to opt out.

By checking this box, I agree to the Terms of Service and Privacy Policy of this website.

Go tour this home

414 Morrison Avenue