Condo Investment Properties for Sale in Lexington, KY

Property at 2121 Nicholasville Rd APT 804, Lexington, KY
Listed for sale 2 days ago
$ 161,900
ROI
20.0ROI percentage
Cash Flow/m
Dollar sign9
  • 1 Bed
  • 1 Bath
  • 696 sft
2121 Nicholasville Rd APT 804, Lexington, KY, 40503
Property at 955 Tarr Trce, Lexington, KY
Listed for sale 4 days ago
$ 420,000
ROI
28.9ROI percentage
Cash Flow/m
Dollar sign1067
  • 2 Bed
  • 2 Bath
  • 1463 sft
955 Tarr Trce, Lexington, KY, 40508
Property at 404 Bainbridge Ct Unit 4D, Lexington, KY
Fix & Flip
Rental Income
$ 159,999
ROI
21.1ROI percentage
Cash Flow/m
Dollar sign59
  • 2 Bed
  • 2 Bath
  • 784 sft
404 Bainbridge Ct Unit 4D, Lexington, KY, 40509
Property at 209 Simpson Ave APT 208, Lexington, KY
$ 237,000
ROI
21.4ROI percentage
Cash Flow/m
Dollar sign105
  • 3 Bed
  • 2 Bath
  • 1025 sft
209 Simpson Ave APT 208, Lexington, KY, 40504

Why Invest in Lexington, Kentucky?

Lexington, KY offers strong opportunities for condo investors seeking steady rental income in a growing market. The city's robust job market and university presence drive consistent demand from renters. With average rents around $1,400 and appreciation near 4%, condos here deliver solid cap rates of 6-7%. Low vacancy rates and moderate entry prices make it ideal for cash flow-focused portfolios. Economic stability from major employers supports long-term holding strategies.

8.2%
Avg. ROI
6.5%
Rental Yield
6.8%
Cap Rate
$450/mo
Avg. Cash Flow
$1420/mo
Avg. Rent
4.1%
1Y Appreciation

Frequently Asked Questions

Yes, condos offer strong rental yields around 6.5% due to university demand and job growth. Low vacancy and steady appreciation make them reliable for cash flow. Focus on properties near UK or downtown for best returns.

Find Your Perfect Investment Property in Lexington, Kentucky

Explore investment opportunities by strategy, performance, or property type

Buy & Hold Rentals in Lexington, KY
Fix and Flip Properties in Lexington, KY
Short-Term Rental Properties in Lexington, KY
AI