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$ 899,000
0.48 Acres Lot
$ 899,000
0.48 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Subdivision Downtown
MLS Listing ID 25006915
Year Built 1895
Lot Size 0.481 Acres
Property Description
Step into a piece of Lexington's history with the stunning John T. Patterson House, a beautifully restored gem in the vibrant North Lime District. Originally built in 1895, this exquisite property seamlessly blends historic charm with modern updates.
Situated on nearly 0.5 acres in the heart of downtown, the property features:
One spacious 2-bed, 1-bath apartment - thoughtfully updated for comfort and style
Four charming 1-bed, 1-bath apartments - ideal for tenants seeking convenience and character
Seven versatile office spaces - perfect for entrepreneurs, creatives, or growing businesses
Two first-floor apartments are registered STRs, and furniture conveys - offering immediate income potential
The property currently generates $8,625 in monthly rent, with additional opportunities to increase revenue.
Extensive renovations in 2015 and 2020 brought this iconic property into the modern age with new HVAC systems, a new roof, updated sewer and electrical systems, and refinished floors - all enhanced by fresh paint throughout.
Situated on nearly 0.5 acres in the heart of downtown, the property features:
One spacious 2-bed, 1-bath apartment - thoughtfully updated for comfort and style
Four charming 1-bed, 1-bath apartments - ideal for tenants seeking convenience and character
Seven versatile office spaces - perfect for entrepreneurs, creatives, or growing businesses
Two first-floor apartments are registered STRs, and furniture conveys - offering immediate income potential
The property currently generates $8,625 in monthly rent, with additional opportunities to increase revenue.
Extensive renovations in 2015 and 2020 brought this iconic property into the modern age with new HVAC systems, a new roof, updated sewer and electrical systems, and refinished floors - all enhanced by fresh paint throughout.
Location
State KY
County Fayette
Exterior
View Y/N N
Handicap Access No
Private Pool No
Listed by National Real Estate