199 E Loudon Ave, Lexington, KY 40505
- $908,000
- Sold Price
- $908,000
- List Price
- $899,000
- Closing Date
- Jul 01, 2025
- MLS#
- 25006915
- Status
- CLOSED
- Type
- Multifamily
- Lot Size
- 20,935
Property Description
Step into a piece of Lexington's history with the stunning John T. Patterson House, a beautifully restored gem in the vibrant North Lime District. Originally built in 1895, this exquisite property seamlessly blends historic charm with modern updates. Situated on nearly 0.5 acres in the heart of downtown, the property features: One spacious 2-bed, 1-bath apartment - thoughtfully updated for comfort and style Four charming 1-bed, 1-bath apartments - ideal for tenants seeking convenience and character Seven versatile office spaces - perfect for entrepreneurs, creatives, or growing businesses Two first-floor apartments are registered STRs, and furniture conveys - offering immediate income potential The property currently generates $8,625 in monthly rent, with additional opportunities to increase revenue. Extensive renovations in 2015 and 2020 brought this iconic property into the modern age with new HVAC systems, a new roof, updated sewer and electrical systems, and refinished floors - all enhanced by fresh paint throughout.
Additional Information
- Subdivision
- Downtown
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Listing courtesy of National Real Estate. Selling Office: .