1416 Townley Drive, Lexington, KY 40511
Property Type:
Residential Income
Bedrooms:
16
Baths:
16
Square Footage:
5,040
Lot Size (sq. ft.):
17,642
Status:
Contingent
Current Price:
$1,250,000
List Date:
1/08/2026
Last Modified:
7/08/2026
Overview
Description
1416 Townley Drive is a 16-unit multifamily property in Lexington, KY. Its location offers excellent access to downtown Lexington, major employment centers, universities, public transportation, healthcare centers, and retail corridors. The property, built in 1959, is 5,040 square feet and is situated on .405 acres. Each unit is a 330 square feet studio apartment with hardwood and tile floors and a designated kitchen area with range, oven, and refrigerator. Basement storage is available to Tenants and there is an opportunity to add coin laundry in the basement. The property is ideally located in the popular Meadowthorpe neighborhood near the new Commons development and just off Leestown Road, a main Lexington thoroughfare. The location is a strong demand rental area with low vacancy rates. This property can be sold individually or along with other properties in a 60-unit multifamily portfolio. The 60-unit multifamily portfolio is strategically located in the heart of Central Kentuc
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1416 Townley Drive is a 16-unit multifamily property in Lexington, KY. Its location offers excellent access to downtown Lexington, major employment centers, universities, public transportation, healthcare centers, and retail corridors. The property, built in 1959, is 5,040 square feet and is situated on .405 acres. Each unit is a 330 square feet studio apartment with hardwood and tile floors and a designated kitchen area with range, oven, and refrigerator. Basement storage is available to Tenants and there is an opportunity to add coin laundry in the basement. The property is ideally located in the popular Meadowthorpe neighborhood near the new Commons development and just off Leestown Road, a main Lexington thoroughfare. The location is a strong demand rental area with low vacancy rates. This property can be sold individually or along with other properties in a 60-unit multifamily portfolio. The 60-unit multifamily portfolio is strategically located in the heart of Central Kentucky. The Central Kentucky area benefits from strong renter demand, low vacancy rates, and a stable market. This is a rare opportunity to acquire a large and stabilized multifamily portfolio in one of Kentucky's most reliable rental markets. The other properties in the portfolio are 200 N. Hill-N-Dale Street in Danville, KY and 115 Delmont Drive in Lexington, KY. Financials available upon request.
Listing Details MLS# 26000503
Listing Office:
Block + Lot Homes
Last Updated: July - 08 - 2026
Information deemed reliable but not guaranteed.
Sellers Disclosure Of Property Condition ›