Listing provided courtesy of United Real Estate Bluegrass- MLS# 26010528MLS Provider

122 S Hanover AvenueLexington, KY 40502

Multi-Family · 4 Beds · 4 Full Baths · 3,740 Sq. ft. | 0.17 Acres
$799,000 Contingent

122 S Hanover Avenue Overview

Time on Site:
47 days
Visits:
0

Ashland Park stately brick 4-Plex investment or potential for individual ownership or make this a single family home! Convenient to Downtown, Chevy Chase, UK, Henry Clay Estate, Kenwick Table, local shops, restaurants and more.Each unit has hardwood floors, individual central heat/air, spacious closets, outside decks/porches, 3 garage spaces and driveway for at least 2 additional cars.First floor units1 & 2 have living room, bedroom and kitchen, front entrance and rear exits and front porch access.Second floor unit 3 has living room, formal dining room, large kitchen, bath, bedroom and access to the large deck off the rear, front entrance and rear exit. Second floor unit 4 has living room, kitchen and bath and the 3rd floor large bedroom and office area with deck off the rear. Property has 3 car garage, full shared basement with storage and laundry (Coin operated could be installed) Roof and garage doors are 5yrs old, 1 HVAC unit replaced 2025, rebuilt front porch roof 2026, exterior painted 2026. Property is in Historic H-1 overlay requiring approval for exterior changes.24-48 hr notice. All tenants would like to continue. Units 1 ($1000),2 ($1150),4 ($1300) are month to month. Unit 3 lease ends Sept 1, 2026.Rental amounts of units 3 and 4 are under typical market rent. Listing agent is owner.

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122 S Hanover Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,740
  • Price/Sq.ft. $214
  • Lot 0.17 Acres

Details

General

Association/HOA

  • Association Amenities: Other

School Information

  • Elementary School: Cassidy
  • Middle Or Junior School: Morton
  • High School: Henry Clay

Income/Expenses

  • Gross Income: 4645.0

Building Information

  • Year Built: 1930

Location/Region

  • County Or Parish: Fayette
  • MLS Area Major: 003 - Fayette County SE
  • MLS Area Minor: 003 - Fayette County SE
  • Subdivision Name: Ashland Park

Community/Development

  • Community Features: Park,Tennis Court(s),Pool,Pickleball

General Information

  • Listing Terms: 1031 Exchange,Cash,Conventional
  • Parcel Number: 13325900
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Zoning: R-2

Interior

Beds/Baths

  • Bathrooms Full: 4
  • Bathrooms Half: 0
  • Bathrooms Total: 4
  • Bedrooms Total: 4

Building Interior

  • Building Area Total: 3740.0

General Information

  • Laundry Features: Electric Dryer Hookup,Washer Hookup,Lower Level,Common Area
  • Living Area: 3740.0
  • Living Area Source: Appraiser
  • Stories Total: 2

Exterior

Parking Information

  • Parking Features: On Site,Paved,Open,Enclosed
  • Parking Total: 5.0

Lot Information

  • Lot Size Acres: 0.1722
  • Lot Size Area: 0.17
  • Lot Size Square Feet: 7501.0
  • Lot Size Units: Acres
  • Number Of Buildings: 1

Building Exterior/Construction

  • Attached Garage: false
  • Roof: Composition,Rubber
  • Structure Type: Quadruplex

General Information

  • Number Of Units Total: 4

122 S Hanover Avenue Neighborhood

Community

40502 (Lexington) Demographics

37
Median Age
3,660
Population Density (per sq. mile)
71%
College Educated
$67,449
Estimated Median Income
7,623
Estimated Total Home Owners
5,140
Estimated Total Renters
60% / 40%
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.

122 S Hanover Avenue 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.

122 S Hanover Avenue Market Data

Based on the last 30 days in this zip code

$882,057
Average List Price
$283
Average Price per Square Foot
32
Properties Sold
66
Average Days on Market
107
Properties for Sale
Calculations provided by Reliance Network

122 S Hanover Avenue History

Date Event Value Agent
6/2/2026Source: Imagine MLS/Bluegrass Status Change
Contingent
5/26/2026Source: Imagine MLS/Bluegrass Price Reduction
$799,000 -5.9%
5/13/2026Source: Imagine MLS/Bluegrass Added to Database
May 13, 2026
8/12/2025Source: Imagine MLS/Bluegrass Added to Database
August 12, 2025
8/12/2025Source: Imagine MLS/Bluegrass Added to Database
August 12, 2025