About 414 Morrison Avenue
This offering includes both sides of the duplex at 414 and 414½ 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 414½ 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.
Residential Income property for sale in Lexington, KY at 414 Morrison Avenue. This 4 bedroom Residential Income property is priced at $158/sqft
Facts & Features of 414 Morrison Avenue
| MLS® # | 26021218 |
|---|---|
| Price | $249,900 |
| Bedrooms | 4 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,581 |
| Acres | 0.13 |
| Year Built | 1958 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Status | Active |
Community Information of 414 Morrison Avenue
| Address | 414 Morrison Avenue |
|---|---|
| Area | 001 - Fayette County NW |
| Subdivision | Downtown |
| City | Lexington |
| County | Fayette |
| State | KY |
| Zip Code | 40508 |
Amenities of 414 Morrison Avenue
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Water Connected |
|---|---|
| Parking Spaces | 6 |
| Parking | On Site, Paved, Open, On Street |
| Is Waterfront | No |
| Has Pool | No |
Interior of 414 Morrison Avenue
| Heating | Forced Air, Natural Gas |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 1 |
| Primary Suite On Main floor | No |
Exterior of 414 Morrison Avenue
| Roof | Composition, Shingle |
|---|
School Information On 414 Morrison Avenue
| District | Fayette County - 1 |
|---|---|
| Elementary | Harrison |
| Middle | Lexington Trad |
| High | Lafayette |
Additional Information On 414 Morrison Avenue
| Date Listed | August 6th, 2026 |
|---|---|
| Zoning | R-2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details On 414 Morrison Avenue
| Office | Belmont Realty Group |
|---|