Rare 5-Unit Chevy Chase Multifamily Opportunity

Highlights:

• Prime Location: Situated in the heart of Lexington’s desirable Chevy Chase neighborhood on one of its most coveted streets.
• Unit Mix: Five charming units—four 1 bed / 1 bath and one 2 bed / 1 bath—all featuring hardwood floors and classic architectural character.
• Walkable Amenities: Just steps from retail, boutiques, and top-rated local restaurants.
• Proximity to Major Employers: Minutes from the University of Kentucky and CHI Saint Joseph Health (Central Baptist), ensuring strong rental demand.
• Value-Add Potential: Priced at $137,000 per unit—well below the Chevy Chase median of $190,000 per unit (since 2023).

Description:

In the heart of one of Lexington’s most coveted neighborhoods, this rare offering in Chevy Chase features five charming units—four 1 bed / 1 bath and one 2 bed / 1 bath—all with beautiful hardwood floors and timeless character throughout. Located on one of the most desirable streets in the city, the property combines classic appeal with an unbeatable location.

Just steps from popular retail, local boutiques, and some of the city’s best restaurants, this investment is also minutes from major employers like the University of Kentucky and CHI Saint Joseph Health (Central Baptist), driving consistent rental demand.

Since 2023, the median price per unit for 4–8 unit properties in Chevy Chase has been $190,000, making this a rare value-add opportunity at just $137,000 per unit.

For more information and property financials, or to schedule a tour, contact Justin Ryder, CCIM, at 859.447.3285 or Justin.ryder@svn.com, or Rachel Ridd at 859.327.7261 or Rachel.ridd@svn.com. Property is being sold as-is, inspections welcome.

Lexington, Kentucky has been rated as one of America's premier cities by some of the most noted and revered industry standard-bearers, such as Forbes magazine, the U.S. Census Bureau, Cognetics consulting group, Dun & Bradstreet, Ladies Home Journal, and Places Rated Almanac - just to name a few. Most people think of rolling countryside with stone fences, great basketball action, horse farms, Thoroughbred racing at Keeneland, a diverse economy, and outstanding schools, colleges and universities. Our community ranks high in quality of life factors, such as health care, public safety, educational attainment, and quality family living. The area also measures high among the best places for business location, creativity, entrepreneurial growth, and career relocation. Residents of competing cities view Lexington as a beautiful place, with great schools, an innovative health care system, a strong economy, and mountains of potential.

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