150 Deweese Street

Lexington-Fayette KY 40507

2772 sq. ft.

Apartment

Last sold for $980,000

Bob Sophiea, last sold this property on 01 February 2026 after 143 days on market.

Overview

Downtown Lexington income property producing over $103,000 in 2024 and projected to exceed $111,000 in 2025! Built in 2016, this 5-unit multifamily offers modern construction, low maintenance, and strong rental demand in one of Lexington's most desirable areas. Each unit features a 1-bed/1-bath layout with full kitchen and bath — ideal for long-term tenants or short-term rental flexibility. With a 2024 gross income of $103,455 and 2025 projections approaching $111,000, the property delivers an estimated 7% cap rate at the current list price of $1,120,000. All five units are leased, including one performing well as a short-term rental. Tenants love the walkability to Rupp Arena, the University of Kentucky, downtown restaurants, and major employers. Zoned B-2A, this property provides flexibility for mixed use and continued appreciation in the downtown corridor. A true turn-key investment combining reliable cash flow, location, and long-term growth potential. Highlights: • 5 Units | 5 Beds | 5 Baths | 2,772 SF Total | Built 2016 • 2024 Gross Income: $103,455 | 2025 Projected: $111,455 • Estimated NOI: $78,000+ | 7% Cap Rate at $1.12M • Prime Downtown Location — Walk to Rupp & UK • Zoned B-2A | Low-Maintenance Modern Construction

Features

5 bedrooms

5 bathrooms

2772 sq. ft. floor area

Apartment

Estimated Value

We need at least 3 similar 5 bedroom apartments sold in Lexington-Fayette over the last 12 months.

Property history for 150 Deweese Street

2026

Sold

$980,000

01 Feb 2026 by Bob Sophiea

Happy sellers in Lexington-Fayette

We have insufficient information to provide an overview of customer satisfaction for Lexington-Fayette. Viewing the agent profiles, reviews and sales for Lexington-Fayette can provide insights for this location.

Local market activity for 5 bedroom apartments in Lexington-Fayette

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Lexington-Fayette for a market analysis.

Nik Markovich

at Apex Realty Consultants

4.9

(174 reviews)

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Doreen Taylor

at Berkshire Hathaway HomeServices de Movellan Properties (Lexington, 40509)

(33 reviews)

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Thaddeus Blevins

at Diamond Real Estate Group, Inc

(21 reviews)

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Paula Elder

at The Brokerage

(9 reviews)

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Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Lexington-Fayette

Nik Markovich

Nik Markovich is an award winning recommended agent for Lexington-Fayette. They have 1 local sale and collected 2 local reviews across the last 12 months.