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Rare 78-Unit Multifamily PLUS Adjacent Land 150 N Northland Dr 78 Unit Apartment Building For Sale Lexington, KY 40505

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Investment Highlights

Under-rented Asset with Significant Upside: 78-unit community currently $.36/sf under-rented
Strategic Urban Core Proximity: Just minutes from the NoLi District & Greyline Station, Lexington's premier destination for local dining & retail
Employment Anchor Access: Proximity to Rupp Arena, Central Bank Center, and UK Healthcare ensures a robust and diverse tenant base

Permanently Tax-Advantaged via Opportunity Zone & QCT Dual Designation: Strategic location w/ tax-advantaged benefits & long-term capital preservation
High-Traffic Visibility: Situated on a primary artery with 14,668 cars per day, providing continuous organic marketing
Favorable Market Dynamics: Insulated by Lexington's Urban Service Boundary, which restricts new competition and drives organic rent growth

Executive Summary

Multifamily Opportunity Zone 78 Unit Complex + 2.02 Adjacent Acres

Brochure PUBLIC Biscayne Apts plus N Lime Lots cp

Property Facts

Sale Type	Investment	Building Size	63,065 SF
No. Units	78	Average Occupancy	87%
Property Type	Multifamily	No. Stories	2
Property Subtype	Apartment	Year Built	1975
Apartment Style	Garden	Parking Ratio	1.9/1,000 SF
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	4.14 AC
Zoning	R-3

Sale Type	Investment
No. Units	78
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Garden
Building Class	C
Lot Size	4.14 AC
Building Size	63,065 SF
Average Occupancy	87%
No. Stories	2
Year Built	1975
Parking Ratio	1.9/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R-3