2024 Cornerstone Drive, Lexington, KY 40509
Property Type:
Residential Income
Bedrooms:
24
Baths:
17
Square Footage:
12,544
Lot Size (sq. ft.):
24,033
Status:
Closed
Current Price:
$1,550,000
List Date:
5/12/2025
Last Modified:
1/22/2026
Overview
Description
12-Unit Multifamily Investment Opportunity | Lexington, KY 40509
Presented by The Gibson Company
The Gibson Company is excited to bring to market a 12-unit multifamily investment opportunity located in the highly desirable 40509 zip code of Lexington, KY. This portfolio consists of one (1) 8-plex and one (1) 4-plex, both constructed in the year 2000.
The 8-plex consists of seven (7) 2-bedroom, 1-bath units and one (1) 2-bedroom, 1.5-bath unit. Each unit is approximately 900 square feet and includes a small private deck for tenant enjoyment.
The 4-plex includes four (4) large 2-bedroom, 2-bath units, each approximately 1,100 square feet. These units do not include decks but offer spacious interior layouts.
Both buildings have had roofs replaced within the last 5-8 years. Approximately 75% of all HVAC units have also been replaced, offering reduced near-term capital expenditure exposure for investors.
The property is located minutes from New Circle Road, I-75, Hamburg Pav
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(Read more)
12-Unit Multifamily Investment Opportunity | Lexington, KY 40509
Presented by The Gibson Company
The Gibson Company is excited to bring to market a 12-unit multifamily investment opportunity located in the highly desirable 40509 zip code of Lexington, KY. This portfolio consists of one (1) 8-plex and one (1) 4-plex, both constructed in the year 2000.
The 8-plex consists of seven (7) 2-bedroom, 1-bath units and one (1) 2-bedroom, 1.5-bath unit. Each unit is approximately 900 square feet and includes a small private deck for tenant enjoyment.
The 4-plex includes four (4) large 2-bedroom, 2-bath units, each approximately 1,100 square feet. These units do not include decks but offer spacious interior layouts.
Both buildings have had roofs replaced within the last 5-8 years. Approximately 75% of all HVAC units have also been replaced, offering reduced near-term capital expenditure exposure for investors.
The property is located minutes from New Circle Road, I-75, Hamburg Pavilion, and Man O' War Boulevard — providing strong connectivity to retail, restaurants, and employment centers.
Property Highlights:
12 Total Units: One 8-Plex + One 4-Pl
Listing Details MLS# 25009873
Listing Office:
The Gibson Company
Last Updated: January - 22 - 2026
Information deemed reliable but not guaranteed.
