5 Property / 14 Unit Trendy NoLi Multifamily Portfolio
912-918 North Limestone
Lexington, KY 40508
Highlights
- Exceptional multifamily investment opportunity
- One quadplex at 525 N Limestone
- Two duplexes at 914 and 916 N Limestone
- Two triplexes at 912 and 918 N Limestone
- Totaling 14 units
- Excellent walkability to local retailers and community gardens
- Convenient access to Lextran public transportation
- Built in 1949/1965, fully renovated in 2017
- Average monthly rent at 912-918 N Limestone: $980 per unit
- Average monthly rent at 525 N Limestone: $880
- Stable in-place income with upside potential
- Zoned R-3
- Compelling combination of scale, location, and long-term value
Description
Discover an exceptional multifamily investment opportunity in the heart of Lexington’s vibrant NoLi (North Limestone) neighborhood. This well-maintained portfolio includes one quadplex at 525 N Limestone, two duplexes at 914 and 916 N Limestone, and two triplexes at 912 and 918 N Limestone, totaling 14 units. Ideally positioned along the North Limestone corridor, the properties benefit from excellent walkability to Greyline Station, local retailers, community gardens, and frequent neighborhood events, along with convenient access to Lextran public transportation serving downtown and the University of Kentucky.
Originally built in 1949/1965 and fully renovated in 2017, the residences blend historic character with modern updates. Average monthly rent at 912–918 N Limestone is approximately $980 per unit, while average monthly rent at 525 N Limestone is approximately $880, providing stable in-place income with upside potential. Zoned R-3, this low-rise multifamily portfolio offers a compelling combination of scale, location, and long-term value in one of Lexington’s most dynamic and revitalizing districts.
912-918 North Limestone and 525 N Limestone are located in the heart of Lexington’s vibrant NoLi (North Limestone) neighborhood, one of the city’s most creative and walkable districts. Just steps away is Greyline Station, a restored historic bus terminal now home to local retailers, dining, offices, and the Julietta Market, along with frequent community events. The surrounding area features independent shops, coffee spots, breweries, and nearby community gardens, creating a strong neighborhood feel with everyday conveniences close at hand.
The property also benefits from excellent public transportation access, with Lextran bus routes running along North Limestone and nearby corridors, providing easy connections to downtown, the University of Kentucky, and beyond. With its blend of historic character, local culture, and ongoing revitalization, NoLi offers a highly desirable urban setting for residents seeking connectivity, walkability, and a true sense of community.
