For SaleHistoric · 106 yrs
509 W 3rd St
Lexington, KY, 40508 • Duncan Park • Fayette County
$675,000
$188/sqft
Down payment assistance available
5Beds
4Baths
3,585Sqft
0.18 acLot
1920Built
Property DNA
Character Home
Built 1920 · 106 years of history
Downtown
Duncan Park
Just Listed
Listed Apr 14, 2026
This home is getting attention
229 views · 5 saves
Market activity
Demand and pricing signals for this listing
229 views
People checking out this listing
5 saves
Buyers have saved this home
$188/sqft
Price per square foot
About this home
Multi Family · Built 1920 · Historic
Turn-key four-plex income property in one of downtown Lexington's most sought-after locations—the thriving Jefferson Corridor, surrounded by recently completed high-end developments. This investment opportunity is currently fully leased, generating over $50,000 in annual rental income with low maintenance requirements. Major system upgrades include high-efficiency heating and cooling, along with updated electrical that is separately metered completed in 2021—offering flexibility for potential individual unit sale. While preserving its original charm featuring vaulted ceilings, beautiful hardwood floors, and classic window moldings. Residents have in-unit washer and dryer and a private fenced backyard with community firepit. Additional highlights include on-site garage parking with extra parking available. Ideally located with short distance to the University of Kentucky, Rupp Arena, Transylvania University, as well as popular dining and entertainment destinations such.
Standout features identified
Our analysis highlights vaulted ceilings, classic window moldings, and beautiful hardwood floors as key attractions of this home.
Estimated monthly payment
Based on current rates
$4,402/month
Principal & Interest$3,502
Property Tax$675
Insurance$225
Down payment20% ($135,000)
3%50%
Est. 6.75% rate · 30yr fixed · $540,000 loan
Full calculator →At a glance
Key facts and listing details
TypeQuadruplex
Year Built1920
HeatingElectric, Natural Gas
CoolingElectric
Parking5 Parking spaces
Days on Zillow0
Price/sqft$188
Property
Home typeMulti Family
Sub-typeQuadruplex
Year built1920
Systems
HeatingElectric, Natural Gas
CoolingElectric
RoofComposition,Flat
Parking & Outdoor
ParkingCovered, Enclosed
Lot7,971 sqft
Location & Tax
NeighborhoodDuncan Park
Annual tax$6,554
Parcel14751975
Bathrooms & Fees
Full baths4
Features & details
4 categories of property features
Interior Features
Heating
Electric
Natural Gas
Cooling
Electric
Exterior Features
Parking
Covered
Enclosed
Utilities
Electricity Connected
Natural Gas Connected
Water Connected
Listing insights
Market data and value estimates
StatusFor Sale
Est. value$642,900
Est. rent$1,951/mo
Tax rate0.84%
Price/sqft$188
On marketApr 14, 2026
PostedApr 14, 2026
Last sold$530,000
MLS updatedApr 14, 2026
Tour days9
Views229
Favorites5
How are the schools in Lexington?
3 schools rated nearby
Location
Lexington, KY, 40508
Price history
27 events
DateEventPrice$/sqftSource
Apr 14, 2026Listed For Sale$675,000$188Imagine MLS
Jul 29, 2025Listing Removed$950—Imagine MLS
Jul 24, 2025Listed For Rent$950—Imagine MLS
Jul 1, 2025Listing Removed$995—Imagine MLS
Jun 10, 2025Price Change$995—Imagine MLS
May 7, 2025Listed For Rent$1,100—Imagine MLS
Apr 21, 2025Listing Removed$1,100—Imagine MLS
Jan 30, 2025Price Change$1,100—Imagine MLS
Jan 23, 2025Listed For Rent$1,200—Imagine MLS
Feb 21, 2022Sold$530,000$148Imagine MLS
Jan 29, 2022Pending Sale$540,000$151Imagine MLS
Jan 17, 2022Listed For Sale$540,000$151Imagine MLS
May 6, 2021Sold$487,500$136Public Record
Mar 29, 2021Pending Sale$502,000$140Imagine MLS
Feb 2, 2021Price Change$502,000$140Imagine MLS
Nov 10, 2020Price Change$507,900$142Imagine MLS
Oct 8, 2020Listed For Sale$519,900$145Bluegrass Sotheby's Int Realty
Mar 2, 2020Listing Removed$529,000$148Bluegrass Sotheby's International Realty
Sep 25, 2019Listed For Sale$529,000$148Bluegrass Sotheby's International Realty
Sep 17, 2019Pending Sale$529,000$148Bluegrass Sotheby's International Realty
Aug 15, 2019Price Change$529,000$148Bluegrass Sotheby's International Realty
Apr 16, 2019Listed For Sale$549,900$153Bluegrass Sotheby's Int Realty
Dec 9, 2015Sold$380,000$106Public Record
Jul 16, 2013Sold$185,000$52Public Record
Apr 19, 2012Sold$185,000$52Public Record
Jul 29, 2011Price Change$199,900$56RE/MAX Elite Lexington
Jul 16, 2011Listed For Sale$210,000$59RE/MAX Elite Lexington
Listed For Sale$675,000
Apr 14, 2026•$188/sqft•Imagine MLS
Listing Removed$950
Jul 29, 20250•Imagine MLS
Listed For Rent$950
Jul 24, 20250•Imagine MLS
Listing Removed$995
Jul 1, 20250•Imagine MLS
Price Change$995
Jun 10, 20250•Imagine MLS
Listed For Rent$1,100
May 7, 20250•Imagine MLS
Listing Removed$1,100
Apr 21, 20250•Imagine MLS
Price Change$1,100
Jan 30, 20250•Imagine MLS
Listed For Rent$1,200
Jan 23, 20250•Imagine MLS
Sold$530,000
Feb 21, 2022•$148/sqft•Imagine MLS
Pending Sale$540,000
Jan 29, 2022•$151/sqft•Imagine MLS
Listed For Sale$540,000
Jan 17, 2022•$151/sqft•Imagine MLS
Sold$487,500
May 6, 2021•$136/sqft•Public Record
Pending Sale$502,000
Mar 29, 2021•$140/sqft•Imagine MLS
Price Change$502,000
Feb 2, 2021•$140/sqft•Imagine MLS
Price Change$507,900
Nov 10, 2020•$142/sqft•Imagine MLS
Listed For Sale$519,900
Oct 8, 2020•$145/sqft•Bluegrass Sotheby's Int Realty
Listing Removed$529,000
Mar 2, 2020•$148/sqft•Bluegrass Sotheby's International Realty
Listed For Sale$529,000
Sep 25, 2019•$148/sqft•Bluegrass Sotheby's International Realty
Pending Sale$529,000
Sep 17, 2019•$148/sqft•Bluegrass Sotheby's International Realty
Price Change$529,000
Aug 15, 2019•$148/sqft•Bluegrass Sotheby's International Realty
Listed For Sale$549,900
Apr 16, 2019•$153/sqft•Bluegrass Sotheby's Int Realty
Sold$380,000
Dec 9, 2015•$106/sqft•Public Record
Sold$185,000
Jul 16, 2013•$52/sqft•Public Record
Sold$185,000
Apr 19, 2012•$52/sqft•Public Record
Price Change$199,900
Jul 29, 2011•$56/sqft•RE/MAX Elite Lexington
Listed For Sale$210,000
Jul 16, 2011•$59/sqft•RE/MAX Elite Lexington
Tax history
17 years of records
YearTax paidAssessed value
Apr 15, 2023$6,554$530,000
Apr 15, 2022$6,770$530,000
Apr 15, 2021$4,854$380,000
Apr 15, 2020$4,854$380,000
Apr 15, 2019$4,854$380,000
Apr 15, 2018$4,854$380,000
Apr 15, 2017$4,626$380,000
Apr 15, 2015$1,679$185,000
Apr 15, 2014$1,679$185,000
Apr 15, 2012$1,679$150,000
Apr 15, 2011——
Apr 15, 2010——
Apr 15, 2009——
Apr 15, 2008—$150,000
Apr 15, 2006——
Apr 15, 2005——
Apr 15, 2004——
Nearby homes
Neighborhood details
Local context around this listing
Lexington, KY • Fayette County
Nearby neighborhoods
Blueberry Hill-Brigadoon-Stoneybrook-BaraltoCardinal Hill-Pine MeadowCentral DowntownDuncan ParkGardenside-ColonyIndian Hills-Stonewall Estates-MonticelloKenawood-Rockwood-Hi-Acres-Deep SpringReservoirSouthland-Deerfield-Open GatesUniversity of Kentucky
Nearby cities
Lexington
Nearby zip codes
40502405034050440505405084050940511405144051540517
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