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12 Unit Multi-Family Investment 108 Surfside Dr 12 Unit Apartment Building $1,190,280 CAD ($99,190 CAD/Unit) Lexington, KY 40503

Apartment Buildings Kentucky Lexington 108 Surfside Dr, Lexington, KY 40503

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Investment Highlights

  • 12-unit multi-family building; Currently condemned - priced for redevelopment or full renovation.
  • Strong rental market with significant upside potential for experienced investor or developer.
  • Easy access to downtown, New Circle Road and University of Kentucky campus.
  • Rare chance to acquire distressed multi-family asset in a high-demand submarket.
  • Located in established residential area with strong demand for rental housing.
  • Nicholasville Road is one of Lexington’s most desirable and highly trafficked corridors with over 45,326 VPD

Executive Summary

NAI Isaac is pleased to present a multi-family investment opportunity just off Nicholasville Road, Lexington’s most desirable and highly trafficked corridor. Close proximity to the +1.2 Million SF Fayette Mall, Plaza at Fayette Mall, Summit at Fritz Farm, University of Kentucky, Blue Grass Airport, downtown and Baptist Health.

Attachments

108 Surfside Dr_ Lexington

Property Facts

Price $1,190,280 CAD Building Class C
Price Per Unit $99,190 CAD Lot Size 0.20 AC
Sale Type Investment Building Size 8,208 SF
Sale Conditions
Distress Sale
  • Deferred Maintenance
  • Redevelopment Project
 Average Occupancy 0%
No. Units 12 No. Stories 3
Property Type Multifamily Year Built 1967
Property Subtype Apartment Parking Ratio 1.34/1,000 SF
Apartment Style Low-Rise
Zoning R-4 - High Density Apartment
Price $1,190,280 CAD
Price Per Unit $99,190 CAD
Sale Type Investment
Sale Conditions
Distress Sale
  • Deferred Maintenance
  • Redevelopment Project
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.20 AC
Building Size 8,208 SF
Average Occupancy 0%
No. Stories 3
Year Built 1967
Parking Ratio 1.34/1,000 SF
Zoning R-4 - High Density Apartment

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 12 - -

Links

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Walk Score®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
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What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Property Taxes

Parcel Number 16652410 Improvements Assessment $0 CAD
Land Assessment $0 CAD Total Assessment $452,034 CAD

Property Taxes

Parcel Number
16652410
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$452,034 CAD
(859) 422-4400

Still interested?

Contact the broker for more information about this property

Contact

  • Listing ID: 39747640

  • Date on Market: 2026-03-12

  • Last Updated:

  • Address: 108 Surfside Dr, Lexington, KY 40503

The South Lexington Multifamily Property at 108 Surfside Dr, Lexington, KY 40503 is currently available. Contact NAI Isaac for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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12 Unit Multi-Family Investment | 108 Surfside Dr
(859) 422-4400 x

12 Unit Multi-Family Investment | 108 Surfside Dr

Al Isaac
(859) 422-4400

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