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Sold on 08/30/2024

406 E Sixth St, Lexington, KY 40508

$256,000

Last sold 08/30/2024 for $235K

  • —

    bed

  • —

    bath

  • 1,822

    Sqft ($129/Sqft)

Multi-family not for sale
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About 406 E Sixth St

Property type Multi-family
Neighborhood
Year built 1959
HOA fee $0/month
Lot size 4,792 Sqft
Movoto estimate
Rental estimate
Property description
Explore a prime investment opportunity in the heart of downtown Lexington - an income - producing Tri-Plex with a long-term rental history and lucrative returns. Strategically located, this property features three upgraded units, offering residents comfort while ensuring a steady stream of income. With its prime location and strong rental market, this Income Producing Tri-Plex is an attractive addition to your real estate portfolio. Three units total and each unit has 1 bedroom and 1 bathroom. Buyer to Verify Sqft. One unit has 6 months left on lease, one other unit has 7 months left on lease and upstairs unit is vacant. New roof 2024.
Listed by
Listing Agent - Han Fan
Listing Office - Nexian Realty
Source: Imagine MLS mls logo
MLS#24002522 • last updated 1 year ago
Movoto checked Imagine MLS for data 3 minutes ago
Overview
Heating Forced Air, Electric, Natural Gas
Levels/Style Triplex
MLS # 24002522
Status Closed
SqFt 1822
Lot Size (SqFt) 4792
Lot Size (Acres) 0.11
Year Built 1959
Interior
Exterior
Roof Composition
Location
Subdivision Downtown
Elementary School William Wells Brown
Middle School Lexington Trad
High School District Fayette County - 1
High School Frederick Douglass
Directions Corner Of E Sixth And Chestnut
APN 15503900
Zoning R-3
Multifamily Details
Total # of Units 3
$256K
Range: $184K-$327K
Last 30 days 
Rental est.: $752/month
Gross rent multiplier: 26.0
  • Jan 2025
    mls logo MLS # 24002522
  • Jan 27, 2025 Sold
    $235,000
  • Jun 26, 2024 Contingent
    —
  • May 22, 2024 Price Change
    $240,000 (-2.0%)
  • Mar 28, 2024 Price Change
    $245,000 (+2.1%)
  • Feb 15, 2024 Listed
    $240,000 (-4.0%)
  • Feb 12, 2024 Listed
    $250,000 (+281.7%)
  • Sep 2024
    Public Records
  • Sep 11, 2024 Sold
    $235,000 (-2.1%)
  • Oct 2018
    mls logo MLS # 1815202
  • Oct 4, 2018 Sold
    $65,500
  • Jul 5, 2018 Listed
    $68,900 (+38.4%)
  • Oct 2018
    Public Records
  • Oct 4, 2018 Sold
    $65,500 (-4.9%)
  • Dec 2009
    Public Records
  • Dec 18, 2009 Sold
    $49,800
  • Year Property taxes Tax assessment
  • 2024
    $810
    $65,500
  • 2023
    $810 -3.2%
    $65,500
  • 2022
    $837
    $65,500
  • 2021
    $837
    $65,500
  • 2020
    $837
    $65,500
  • 2002
    $837
    $65,500
  • 406 E Sixth St
    $235K
  • William Wells Brown
    $186K +24% y/y
  • 40508
    $279K +12% y/y
  • Lexington
    $389K 0% y/y
No chart available
Statistics calculated by Movoto

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4/10
William Wells Brown Elementary School
public Grades PK, K-5
Fayette County
2/10
Lexington Trad Magnet School
public Grades 6-8
Fayette County
6/10
Frederick Douglass High School
public Grades 9-12
Fayette County
Source: GreatSchools.org © 2026. All rights reserved.

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