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Listing provided courtesy of Bluegrass Sotheby's International Realty- MLS# 26014338MLS Provider

1041-1043 Cross Keys RoadLexington, KY 40504

Multi-Family · 16 Beds · 8 Full Baths · 7,056 Sq. ft. | 0.59 Acres
$799,000 Contingent

1041-1043 Cross Keys Road Overview

Time on Site:
10 days
Visits:
2

Rare opportunity to acquire two fully renovated four-plexes at 1041 & 1043 Cross Keys Road - sold together only, will not be divided. Eight units total, all currently occupied by long-term tenants with an exceptional payment history. Properties feature hardwood floors throughout, updated kitchens, central HVAC, garage parking with washer/dryer hookups in every unit, and marble window sills. Seller has maintained both buildings meticulously since a complete renovation in 2015, including full electrical rewire, new plumbing fixtures, all new appliances, and central air added to all units. Rents are currently below market, offering immediate upside for a new owner. In close proximity to James Lane Allen Elementary, Wolf Run Park, Kroger, and Gardenside Shopping Center. Do not disturb tenants. All inquiries to listing agent. Each apartment is 882 SQ FT, each building is 3528 SQ FT, total for both buildings is 7056 SQ FT.

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1041-1043 Cross Keys Road Facts & Features

  • Type Multi-Family
  • Sq. ft. 7,056
  • Price/Sq.ft. $113
  • Lot 0.59 Acres

Details

General

School Information

  • Elementary School: Lane Allen
  • Middle Or Junior School: Beaumont
  • High School: Lafayette

Building Information

  • Year Built: 1963

Location/Region

  • County Or Parish: Fayette
  • MLS Area Major: 004 - Fayette County SW
  • MLS Area Minor: 004 - Fayette County SW
  • Subdivision Name: Gardenside

General Information

  • Parcel Number: 16102500
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income

Interior

Beds/Baths

  • Bathrooms Full: 8
  • Bathrooms Half: 0
  • Bathrooms Total: 8
  • Bedrooms Total: 16

Building Interior

  • Building Area Total: 7056.0

General Information

  • Laundry Features: Electric Dryer Hookup,Washer Hookup,Common Area
  • Living Area: 7056.0
  • Living Area Source: Public Records

Exterior

Parking Information

  • Parking Features: On Site,Covered

Lot Information

  • Lot Size Acres: 0.592
  • Lot Size Area: 0.59
  • Lot Size Square Feet: 25787.52
  • Lot Size Units: Acres
  • Number Of Buildings: 2

Building Exterior/Construction

  • Attached Garage: false
  • Structure Type: Quadruplex

General Information

  • Number Of Units Total: 8
  • Utilities: Electricity Connected,Sewer Connected,Water Connected

1041-1043 Cross Keys Road Neighborhood

Community

40504 (LEXINGTON) Demographics

30
Median Age
4,468
Population Density (per sq. mile)
37%
College Educated
$38,634
Estimated Median Income
3,561
Estimated Total Home Owners
7,932
Estimated Total Renters
31% / 69%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1041-1043 Cross Keys Road Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1041-1043 Cross Keys Road Market Data

Based on the last 30 days in this zip code

$363,503
Average List Price
$182
Average Price per Square Foot
17
Properties Sold
65
Average Days on Market
47
Properties for Sale
Calculations provided by Reliance Network

1041-1043 Cross Keys Road History

Date Event Value Agent
6/22/2026Source: Imagine MLS/Bluegrass Status Change
Contingent
6/19/2026Source: Imagine MLS/Bluegrass Added to Database
June 19, 2026