115 Cochran Road, Lexington, KY 40502

$833,000
Property Type: Residential Income Bedrooms: 6 Baths: 6 Square Footage: 4,492 Lot Size (sq. ft.): 11,927 Status: Closed
Current Price: $833,000 List Date: 5/21/2023 Last Modified: 8/26/2025

Overview

Description

This is a rare opportunity to own Chevy's Chase historic 6-plex, built in the 1940's and known as 'The Cavalier'. The owner has beautifully maintained this building with over 150,000 dollars of improvements since purchase. Currently the building is 100 percent occupied with tenants that love living here. All but two units (long term renters) have been renovated. This fabulous property is walking distance to the Chevy Chase shops, restaurants, schools and to the University of Kentucky/Downtown. Don't miss out!

Listing Details MLS# 23008777

Listing Information

Comp Sale YN
No

Status Change Information

Status Change Timestamp
2023-06-28
Purchase Contract Date
2023-05-22
Close Date
2023-06-28
Close Price
833000
Buyer Financing
Cash
Sale Type
Arms Length Sale
Concessions Comments
No

Address

County
Fayette
Street Number
115
Street Name
Cochran
Street Suffix
Road
State
KY
Zip Code
40502
Directions
Tates Creek to Cochran, property on the left, The Cavalier
Parcel Number
15773275

Contract

Original List Price
849500
Start Showing Date
2023-05-21
Listing Contract Date
2023-05-15
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant
Office Exclusive YN
No
List Price/Acre
3102629.66
List Price/SqFt
189.11
Sold Price/Acre
3042366.69
Sold Price/SqFt
185.44
SP/LP
0.98

Tax Legal

MLS Area Major
003 - Fayette County SE
Subdivision Name
Chevy Chase
High School District
Fayette County - 1

Interior

Bedrooms Total
6
Bathrooms Total
6
Bathrooms Full
6
Living Area
4492

More Information

Parking Information

Parking Total
10

Building

Year Built
1940
Stories Total
3

Lot

Lot Size Acres
0.2738
Lot Size Square Feet
11927

Utilities

Cooling YN
Yes
Heating YN
Yes
Electricity Connected
Yes
Natural Gas Connected
Yes
Sewer Connected
Yes
Water Connected
Yes

Remarks

Public Remarks
This is a rare opportunity to own Chevy's Chase historic 6-plex, built in the 1940's and known as 'The Cavalier'. The owner has beautifully maintained this building with over 150,000 dollars of improvements since purchase. Currently the building is 100 percent occupied with tenants that love living here. All but two units (long term renters) have been renovated. This fabulous property is walking distance to the Chevy Chase shops, restaurants, schools and to the University of Kentucky/Downtown. Don't miss out!

Income and Expenses

Gross Income
4425
Vacancy Allowance Rate
0

Showing Information

Showing Instructions
There will be an Open House on May 21, from 1-3:00. No other showings permitted at this time.

Tax & Legal

Elementary School
Cassidy
Middle Or Junior School
Morton
High School
Henry Clay
Tax Rate
1.2846
Zoning Description
R-3

Association/Community

Number Of Buildings
1
Number Of Units Total
6

Association Amenities

Coin Laundry
Yes

Cooling

Electric
Yes

Heating

Forced Air
Yes

Possession

Close Of Escrow
Yes

Roof

Shingle
Yes

Structure Type

Multi Family
Yes

Property Features

Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Association Amenities: Coin Laundry Cooling: Electric Heating: Forced Air Possession: Close Of Escrow Roof: Shingle Structure Type: Multi Family
Listing Office: Bluegrass Sotheby's International Realty
Last Updated: August - 26 - 2025
Information deemed reliable but not guaranteed.
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