431 W Second Street, Lexington, KY 40507 (MLS# 1824239)

431 W Second Street, Lexington, KY 40507

$1,065,000

Virtual Tour

https://drive.google.com/open?id=1-TdMNWt_y_DJkmFCVe42RcOwOsHnrunB

Property Type: Residential Income Square Footage: 18,250 Lot Size (sq. ft.): 42,689 Status: Closed

Current Price: $1,065,000 List Date: 10/23/2018 Last Modified: 8/26/2025

Overview

Description

Here is your chance to own one of Lexington's downtown trophies that is in need of some polish! Back in it's day it was part of Hagerman college. This 4 magnificent story has over 18,000 sqft and an expandable basement with just over 4,700 sqft. It has 23 units. The lot is just under an acre with lots of green space. The building is in need of lots of updates.

Listing Details MLS# 1824239

Listing Information

Property Sub Type: Apartment

Status Change Information

Price Change Timestamp: 2019-10-21T16:11:11Z
Status Change Timestamp: 2019-10-21
Purchase Contract Date: 2019-06-07
Close Date: 2019-10-16
Close Price: 1065000
Buyer Financing: Conventional
Sale Type: Arms Length Sale
Concessions Comments: n/a

Address

County: Fayette
Street Number: 431
Street Direction Prefix: W
Street Name: Second
Street Suffix: Street
State: KY
Zip Code: 40507
Directions: Broadway to West 2nd street. Property located on the right
Parcel Number: 11438651

Contract

Original List Price: 1499000
Start Showing Date: 2018-10-23
Listing Contract Date: 2018-10-23
Listing Agreement: Exclusive Right To Sell
Office Exclusive YN: No
List Price/Acre: 1382653.06
List Price/SqFt: 74.25
Sold Price/Acre: 1086734.69
Sold Price/SqFt: 58.36
SP/LP: 0.79

Tax Legal

MLS Area Major: 001 - Fayette County NW
Subdivision Name: Downtown
High School District: Fayette County - 1

Interior

Living Area: 18250
Bathrooms Half: 0

More Information

Parking Information

Parking Total: 35

Building

Year Built: 1920

Lot

Lot Size Acres: 0.98
Lot Size Square Feet: 42688.84
Road Frontage Feet: 92

Utilities

Cooling YN: Yes
Heating YN: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes

Remarks

Public Remarks: Here is your chance to own one of Lexington's downtown trophies that is in need of some polish! Back in it's day it was part of Hagerman college. This 4 magnificent story has over 18,000 sqft and an expandable basement with just over 4,700 sqft. It has 23 units. The lot is just under an acre with lots of green space. The building is in need of lots of updates.

Building and Property Details

Building Expansion Potential YN: Yes
Building Expansion SqFt: 4700

Tax & Legal

Elementary School: Harrison
Middle Or Junior School: Lexington Trad
High School: Lafayette
Tax Rate: 1.2174
Zoning Description: R-4 with H-1 overlay

Association/Community

Number Of Buildings: 1
Number Of Units Total: 23

Cooling

Electric: Yes
Gas: Yes

Heating

Electric: Yes
Forced Air: Yes
Heat Pump: Yes
Natural Gas: Yes

Possession

Subject To Tenant Rights: Yes

Roof

Metal: Yes
Shingle: Yes

Special Listing Conditions

Standard: Yes

Structure Type

Multi Family: Yes

Property Features

Utilities: Electricity Connected; Natural Gas Connected; Electricity Connected; Natural Gas Connected Cooling: Electric; Gas Heating: Electric; Forced Air; Heat Pump; Natural Gas Possession: Subject To Tenant Rights Roof: Metal; Shingle Special Listing Conditions: Standard Structure Type: Multi Family

Listing Office: RE/MAX Elite Lexington

Last Updated: August - 26 - 2025

Information deemed reliable but not guaranteed.