388 Redding Road, Lexington, KY 40517 (MLS# 26007953)

388 Redding Road, Lexington, KY 40517

$974,900

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Property Type: Residential Income Bedrooms: 16 Baths: 8 Square Footage: 7,300 Lot Size (sq. ft.): 11,700 Status: Active

Current Price: $974,900 List Date: 4/15/2026 Last Modified: 7/06/2026

Overview

Description

Attention Investors! 8-Unit Apartment Building. Turn-Key Investment Opportunity With Immediate Value-Add Potential! All the heavy lifting has already been done on this fully occupied asset, making it an easy addition to your portfolio. Recent major capital improvements include a newer roof, gutters, windows, siding, and breaker panels. Several units have also been recently updated/renovated, creating a strong blend of current stability and upside through future interior updates. The property is currently 100% occupied, with all tenants (8) on month-to-month leases, offering maximum flexibility for rent increases, additional renovations, or portfolio repositioning. 5 of 8 tenants are long-term residents who would love to stay, providing dependable in-place income from day one. Seller is license KY real estate agent.

Listing Details MLS# 26007953

Listing Information

Comp Sale YN: No
Property Sub Type: Quadruplex

Status Change Information

Price Change Timestamp: 2026-07-06T17:44:01Z
Status Change Timestamp: 2026-04-15

Address

County: Fayette
Street Number: 388
Street Name: Redding
Street Suffix: Road
State: KY
Zip Code: 40517
Directions: Nicholasville Rd To E Reynolds Rd To Lansdowne Dr To Redding Rd. Building Right Next To Kirklevington Park.
Parcel Number: 13744638

Contract

Original List Price: 1099900
Start Showing Date: 2026-04-15
Listing Contract Date: 2026-04-15
Listing Agreement: Exclusive Right To Sell
Occupant Type: Tenant
Office Exclusive YN: No
List Price/Acre: 3610740.74
List Price/SqFt: 133.55

Tax Legal

MLS Area Major: 003 - Fayette County SE
Subdivision Name: Kirklevington
High School District: Fayette County - 1

Interior

Bedrooms Total: 16
Bathrooms Total: 8
Bathrooms Full: 8
Living Area: 7300
Living Area Source: Public Records
Bathrooms Half: 0

More Information

Building

Year Built: 1978
Stories Total: 2
Accessibility Features YN: No

Lot

Lot Size Acres: 0.2686
Lot Size Square Feet: 11700

Utilities

Cooling YN: Yes
Heating YN: Yes

Remarks

Public Remarks: Attention Investors! 8-Unit Apartment Building. Turn-Key Investment Opportunity With Immediate Value-Add Potential! All the heavy lifting has already been done on this fully occupied asset, making it an easy addition to your portfolio. Recent major capital improvements include a newer roof, gutters, windows, siding, and breaker panels. Several units have also been recently updated/renovated, creating a strong blend of current stability and upside through future interior updates. The property is currently 100% occupied, with all tenants (8) on month-to-month leases, offering maximum flexibility for rent increases, additional renovations, or portfolio repositioning. 5 of 8 tenants are long-term residents who would love to stay, providing dependable in-place income from day one. Seller is license KY real estate agent.

Income and Expenses

Gross Income: 90300

Showing Information

Showing Instructions: Contact Listing Agent. Serious buyers only. Don't disturb property or tenants. Possible Open Viewing: May 2nd from 3:00-4:00 PM. Seller reserves the right to review, entertain, and accept an offer at any time.