Price Reduction
321 Clay Avenue Lexington, KY
$ 515,000
Property Attributes
  • MLS#20114609
  • TypeMulti-Family
  • CountyFAYETTE
  • CityLexington
  • Area003 - Fayette County SE
  • NeighborhoodUk Campus
  • Zip40502
  • StyleApartments
  • Price$ 515,000
  • Bedrooms3
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage1843
  • Lot Size6,142 SqFt
Listing Provided Courtesy Of:
The Kinglander Company
Data Source:
Lexington Bluegrass MLS (LBAR) - 88 - KY
Property Description

This is a fantastic opportunity for an owner occupant or investor! This beautiful historic triplex is in a great location minutes from Chevy Chase, UK, Kroger's, Woodland Park, downtown, shopping, and restaurants. The current monthly income is over $2k, two units are leased, the 3rd is a successful Airbnb. This property could easily be converted back into a single-family home. The roof was replaced in 2016, The Large downstairs Apartment rents for $695/month, including utilities (currently rented under market value to a long-term tenant). This unit has central Air, gas furnace with electric heat pump, original hardwood floors and wood trim throughout, a beautifully tiled fireplace and mantel (non-working) and a custom built in wardrobe, ceiling fans, updated windows, kitchen with gas range, refrigerator, laundry room, mudroom, access to the unfinished basement, large wrap around front porch. Unit # 2 is a successful Airbnb that averages $775/month, priced low, central Air, separate gas furnace, updated kitchen. . Super cute upstairs Studio Apartment with a 'treehouse' feel, is currently leased for $595 + electric, baseboard heat and window AC ,with a private deck.

Elementary School Middle School High School
Cassidy Elementary School Morton Middle School Henry Clay High School
Price History
7/26/2021 Listed $585,000
8/16/2021 6% - $555,000
11/13/2021 8% - $515,000

General Features

# of Buildings One
Area 003 - Fayette County SE
City Lexington
Cooling Combination
County Fayette
Directions Inbound on Euclid Ave., Right on Clay, the house is on the left hand side.
Elementary School Cassidy
Geo Lat 38.032022
Geo Lon -84.491839
Heating Heat Pump
High School Henry Clay
Intermediate School Not Applicable
Listing Member Name Lee King
Listingofficephone (859) 492-8280
Parking 1 - 5 Spaces
Possession Close Of Escrow
Property Type F
Roof Composition
School District Fayette County - 1
Sprinklers None
Status Active
Street Name Clay
Structure Type Apartments
Subdivision Uk Campus
Tax Rate 1.2777
Terms Sale
Water Water Available
Year Built 1950

Interior Features

Full Baths 3
Stories 1 1/2
Total Baths 3.00
Total Bedrooms 3
Unit Info: # Of Units 3
Utilities: Natural Gas Natural Gas Available

Exterior Features

Lot Size Acres 0.1410
Lot Size Square Feet 6150.00
Mls Identifier 20180201170722572567000000
Sewer Sewer Available


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 40502

AVG $430K
AVG 68
Year Built
AVG 1969
AVG 53
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.