388 Redding Road

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Active

$899,900

Est: $5,484/moGet pre-approved

16 beds8 baths7,300 sqft

388 Redding Road, Lexington, KY 40517

Multi FamilyProperty Type

0.27 acresLot Size

1978Year Built

$123/sq ftPrice per sq ft

Description

Attention Investors! 8-Unit Apartment Building. Turn-Key Investment Opportunity With Immediate Value-Add Potential! All the heavy lifting has already been done on this fully occupied asset, making it an easy addition to your portfolio. Recent major capital improvements include a newer roof, gutters, windows, siding, and breaker panels. Several units have also been recently updated/renovated, creating a strong blend of current stability and upside through future interior updates. The property is currently...Attention Investors! 8-Unit Apartment Building. Turn-Key Investment Opportunity With Immediate Value-Add Potential! All the heavy lifting has already been done on this fully occupied asset, making it an easy addition to your portfolio. Recent major capital improvements include a newer roof, gutters, windows, siding, and breaker panels. Several units have also been recently updated/renovated, creating a strong blend of current stability and upside through future interior updates. The property is currently 100% occupied, with all tenants (8) on month-to-month leases, offering maximum flexibility for rent increases, additional renovations, or portfolio repositioning. 5 of 8 tenants are long-term residents who would love to stay, providing dependable in-place income from day one. Seller is license KY real estate agent.

52 days on Market

Listed by: Iris Todd 859.396.3267 irisluckett@aol.com • Bluegrass Property Exchange

Last updated: 10/02/2026 11:51 AM • Source: Imagine MLS, MLS#: 26022566

Location

Listing Courtesy of Bluegrass Property Exchange

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$5,484 per month

30 year fixed, 7.03% Interest

Principal and Interest

$4,804

Property Taxes

$680

HOA Dues

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Property Information for 388 Redding Road

Property Details

MLS Type: Residential Income / Quadruplex
County: Fayette County
Subdivision Name: Kirklevington
Zoning Description: R-3 - PLANNED NBHD RESIDENTIAL

Building Information

Stories: 2
Year Built: 1978
Lot Size: 0.27 AC / 11,700 SF

Summary

Location and General Information

Directions: Nicholasville Rd To E Reynolds Rd To Lansdowne Dr To Redding Rd. Building Right Next To Kirklevington Park.
Latitude: 37.988683

Longitude: -84.505378
MLS Area Major: 003 - Fayette County SE
MLS Area Minor: 003 - Fayette County SE

Taxes and HOA

Parcel Number: 13744638

School Information

High School: Tates Creek
High School District: Fayette County - 1

Property

Lot Information

Lot Size Acres: 0.2686
Lot Size Area: 0.27

Lot Size Square Feet: 11700.0
Lot Size Units: Acres

Property and Assessments

Building Area Total: 7300.0
Living Area: 7300.0

Living Area Source: Public Records
Year Built: 1978

Building Features

Structure Type: Multi Family

Multi Family

Income & Expenses

Gross Income: $90,300

Interior and Exterior Features

Exterior Features

Stories Total: 2

Interior Features

Bathrooms Full: 8
Bathrooms Total Integer: 8

Bedrooms Total: 16
Cooling: Central Air
Cooling: Yes
Heating: Electric
Heating: Yes

Property History for 388 Redding Road

Date	Event & Source	Price	Appreciation
Oct 2, 2026	Price Change Imagine MLS #26022566	$899,900	—
Sep 17, 2026	Price Change Imagine MLS #26022566	$909,900	—
Sep 3, 2026	Price Change Imagine MLS #26022566	$924,900	—
Aug 19, 2026	Permanently Off Market Imagine MLS #26007953	$959,900	—
Aug 19, 2026	Listed (Active) Imagine MLS #26022566	$944,900	—
Aug 19, 2026	Listed (Active) Imagine MLS #26007953	$1,099,900	—
Feb 16, 2022	Sold (Public Record) Public Record #1483542611	$659,500	—

Date	Event & Source	Price
10/02/2026	Price Change Imagine MLS #26022566	$899,900
09/17/2026	Price Change Imagine MLS #26022566	$909,900
09/03/2026	Price Change Imagine MLS #26022566	$924,900
08/19/2026	Permanently Off Market Imagine MLS #26007953	$959,900
08/19/2026	Listed (Active) Imagine MLS #26022566	$944,900
08/19/2026	Listed (Active) Imagine MLS #26007953	$1,099,900
02/16/2022	Sold (Public Record) Public Record #1483542611	$659,500

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

388 Redding Road

Total Finished SqFt

7,300 SqFt

Above Grade Finished SqFt

7,300 SqFt

Stories

Lot Size

11,700 SqFt

Style

Multi-Family Res (5+ Units)

Year Built

1978

Schools near 388 Redding Road

This home is within Fayette County.


Rating	School	Type	Grades	Distance
3/10	Lansdowne Elementary School	Public - Serves this home	PK to 5	0.3 mi
7/10	Southern Middle School	Public - Serves this home	6 to 8	0.7 mi
3/10	Tates Creek High School	Public - Serves this home	9 to 12	1.5 mi
10/10	Opportunity Middle College	Public - Choice school	11 to 12	2.5 mi
10/10	SCAPA At Bluegrass	Public - Choice school	4 to 8	2.8 mi
NR	Southside Technical Center	Public - Choice school	9 to 12	3.1 mi


Rating	School	Distance
3/10	Lansdowne Elementary School PublicPK to 5 Serves this home	0.3 mi
7/10	Southern Middle School Public6 to 8 Serves this home	0.7 mi
3/10	Tates Creek High School Public9 to 12 Serves this home	1.5 mi
10/10	Opportunity Middle College Public11 to 12 Choice school	2.5 mi
10/10	SCAPA At Bluegrass Public4 to 8 Choice school	2.8 mi
NR	Southside Technical Center Public9 to 12 Choice school	3.1 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 388 Redding Road, Lexington, KY 40517

388 Redding Road is a multi-family home for sale in Lexington, KY 40517. This property was listed for sale on August 19, 2026 by Bluegrass Property Exchange, it's currently listed at $899,900. It has been on the market for a total of 52 days and was last sold on February 16, 2022. This listing's school district is Fayette County. Nearby schools include Lansdowne Elementary School, Southern Middle School and Tates Creek High School. 388 Redding Road is a 16-bed, 8-bath, 7,300 sqft multi-family home built in 1978.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.