414 Morrison Avenue, Lexington, KY 40508

$249,900

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BEDS4 BATHS2 full SQUARE FEET1,581 MLS#26021218

STATUS PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONDowntown SCHOOLFayette County - 1

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Property Description

This offering includes both sides of the duplex at 414 and 414?? Morrison Avenue. Each unit features two bedrooms and one full bathroom. Both units are currently rented for $625 per month, providing a combined gross monthly income of $1,250. Estimated market rents in the property's current condition are approximately $1,100 to $1,300 per unit, offering significant income-growth potential. The 414 Morrison Avenue unit was updated in 2014, while the 414?? unit has not been updated and offers an opportunity for future improvements and additional value. Neither side has a lease; both tenants currently occupy on a month-to-month basis. This is a solid opportunity for an investor seeking immediate rental income with substantial upside potential near downtown Lexington.

414 Morrison Avenue | MLS# 26021218

This multi-family property located at 414 Morrison Avenue, Lexington, KY 40508 is currently listed for sale with an asking price of $249,900. Morrison Avenue is located within the Fayette County - 1 school district. Search Lexington real estate on daniel.salliedavidson.com today.

Property Features

Property Type: Multi Unit - Multiple

Cooling: Central Air

Fuel Type: Gas

Heating: Forced Air, Natural Gas

Lot Size: 0.13 Acres

Roof Type: Composition, Shingle

Year Built: 1958

Feature Descriptions

Days on Site: 8

Laundry: Main Level

Laundry Features: Main Level

Lot Dimensions: 0.129 acre(s)

Parcel #: 11564400

Parking Notes: On Site, Paved, Open, On Street

Structure Type: Duplex

Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Water Connected

Local Schools

High School: Lafayette

Middle School: Lexington Trad

Elementary School: Harrison

School District: Fayette County - 1

Listed By / Shown By

Listed By

Agency Name: Belmont Realty Group

Shown By

Agent Name: Daniel Carmack
Agent Phone: (606) 524-7894
Agency Title: SALLIE DAVIDSON, REALTORS

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Estimated Payment

$ 970.62 per month $897.73 Principal & Interest $0.00 Property Tax (data not provided by mls) $72.89 Homeowner's Insurance

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414 Morrison Avenue, Lexington, KY 40508

$249,900

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 08/15/2026. The listing information on this page last changed on 08/15/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 08/15/2026 4:05:28 AM EST) or Imagine MLS (last updated Fri 08/14/2026 11:15:29 PM EST). Real estate listings held by brokerage firms other than SALLIE DAVIDSON, REALTORS may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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