427 S Upper Street, Lexington, KY 40508

$991,000
Property Type: Residential Income Bedrooms: 4 Baths: 3 Square Footage: 10,000 Lot Size (sq. ft.): 12,197 Status: Closed
Current Price: $991,000 List Date: 3/13/2014 Last Modified: 8/26/2025

Overview

Description

6 Multi-family properties ideally located on the edge of UK Campus next to Mellow Mushroom and only a couple of blocks from downtown Lexington. Easily rented, 100% occupancy. Rents total $9,340 per month. All the buildings are 4 bedrooms, 2.5 baths except 429 S. Upper which is currently a 2-bedroom, but could easily be converted to a 3 or 4 bedroom. Each building has appx. 1650 sq.ft. Ample parking. Properties include: 436 Lawrence; 209,211,213 Pine, 427 and 429 S. Upper Street.

Listing Details MLS# 1403665

Status Change Information

Price Change Timestamp
2015-02-21T15:07:28Z
Status Change Timestamp
2015-02-21
Purchase Contract Date
2014-12-19
Close Date
2015-02-14
Close Price
991000
Buyer Financing
Conventional

Address

County
Fayette
Street Number
427
Street Direction Prefix
S
Street Name
Upper
Street Suffix
Street
Street Suffix Modifier
429
State
KY
Zip Code
40508
Directions
This block of properties is located on the corner of S. Upper, Pine, and Lawrence Streets beside Mellow Mushroom.
Parcel Number
MULTIPLE

Contract

Original List Price
1097000
Start Showing Date
2014-03-13
Listing Contract Date
2014-03-13
Listing Agreement
Exclusive Right To Sell
Office Exclusive YN
No
List Price/Acre
3917857.14
List Price/SqFt
109.7
Sold Price/Acre
3539285.71
Sold Price/SqFt
99.1
SP/LP
0.9

Tax Legal

MLS Area Major
004 - Fayette County SW
Subdivision Name
Uk Campus

Interior

Bedrooms Total
4
Bathrooms Total
3
Bathrooms Full
2
Bathrooms Half
Yes
Living Area
10000

Parking Information

Parking Total
20

More Information

Building

Year Built
1980

Lot

Lot Size Acres
0.28
Lot Size Square Feet
12196.81

Utilities

Cooling YN
Yes
Heating YN
Yes
Electricity Connected
Yes

Remarks

Public Remarks
6 Multi-family properties ideally located on the edge of UK Campus next to Mellow Mushroom and only a couple of blocks from downtown Lexington. Easily rented, 100% occupancy. Rents total $9,340 per month. All the buildings are 4 bedrooms, 2.5 baths except 429 S. Upper which is currently a 2-bedroom, but could easily be converted to a 3 or 4 bedroom. Each building has appx. 1650 sq.ft. Ample parking. Properties include: 436 Lawrence; 209,211,213 Pine, 427 and 429 S. Upper Street.

Building and Property Details

Building Expansion Potential YN
No
Lot Expansion Potential YN
No

Income and Expenses

Gross Scheduled Income
112080

Tax & Legal

Tax Rate
1.1637
Zoning Description
R-2

Association/Community

Number Of Buildings
6
Number Of Units Total
6

Cooling

Electric
Yes

Heating

Electric
Yes
Heat Pump
Yes

Possession

Other
Yes

Roof

Shingle
Yes

Special Listing Conditions

Standard
Yes

Structure Type

Other
Yes

Property Features

Utilities: Electricity Connected; Electricity Connected Cooling: Electric Heating: Electric; Heat Pump Possession: Other Roof: Shingle Special Listing Conditions: Standard Structure Type: Other
Listing Office: Horse Capital Realty
Last Updated: August - 26 - 2025
Information deemed reliable but not guaranteed.
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