New Listing
$874,900
 $4,697 est/mo Sourced by Back At You

1801 & 1805 Gerald Drive,Lexington, KY 40511

Lexington, KY 40511

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Description

Excellent investment opportunity featuring two six-unit apartment buildings at 1801 and 1805 Gerald Drive. The property offers 12 total units, each with 2 bedrooms and 1 bathroom, totaling 24 bedrooms and 12 bathrooms. Individually metered units, along with updated electrical systems and HVAC, provide added value for ownership and management. An income-producing multifamily asset offering investors the opportunity to expand their portfolio with established rental potential.

Details

MLS #26028360
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1976
Days On Site3
Listing Provided ByBluegrass Sotheby's International Realty | James N Turek

Features

Bed(s)24
Bath(s) 12 Total
SQ Feet10,368
Units12
Building(s)2
ZoningR-4
Acreage1.13

Interior

CoolingCentral Air, Electric
HeatingElectric, Forced Air, Heat Pump
Heating Yes / NoYes
Cooling Yes / NoYes

Exterior

RoofDimensional Style, Flat, Membrane, Shingle
Security FeaturesFire Sprinkler System

Parking

Attached Garage Yes / NoNo
Parking FeaturesOn Site, Open, Paved

Utilities

UtilitiesCable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected

Area Information

StateKY
CountyFayette
CityLexington
Zip Code40511
Area001 Fayette County NW
SubareaFayette County NW
Community NameWinburn Estates
School DistrictFayette County
Elementary SchoolMary Todd
High SchoolBryan Station
Listing VS Median (in Winburn Estates)
Price:
$874,900
low | high
Med:
$259,900
100% of Average
sqft:
10,368
low | high
Med:
1,200
100% of Average
$ / sqft:
$84
low | high
Med:
$217
100% of Average
On site:
3
low | high
Med:
125
2.4% of Average
Sourced by Back At You

Market Activity 40511

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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by Imagine MLS.

Contact

Learn More About This Property

Elite Realty

Elite Realty

 (270) 556-2271joemetzgerproperties@gmail.com
StateKY
CountyFayette
CityLexington
Zip Code40511
Area001 Fayette County NW
SubareaFayette County NW
Community NameWinburn Estates
School DistrictFayette County
Elementary SchoolMary Todd
High SchoolBryan Station
Listing VS Median (in Winburn Estates)
Price:
$874,900
low | high
Med:
$259,900
100% of Average
sqft:
10,368
low | high
Med:
1,200
100% of Average
$ / sqft:
$84
low | high
Med:
$217
100% of Average
On site:
3
low | high
Med:
125
2.4% of Average
Sourced by Back At You
Listing Updated: October 13, 2026 at 3:11:27 PM PDT
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS Template.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by Imagine MLS.
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