1041-1043 Cross Keys Road, Lexington, KY 40504 (MLS# 26014338)

1041-1043 Cross Keys Road, Lexington, KY 40504

$394,000
Property Type: Residential Income Bedrooms: 16 Baths: 8 Square Footage: 7,056 Lot Size (sq. ft.): 25,788 Status: Closed
Current Price: $394,000 List Date: 6/19/2026 Last Modified: 9/10/2026

Overview

Description

Rare opportunity to acquire two fully renovated four-plexes at 1041 & 1043 Cross Keys Road - sold together only, will not be divided. Eight units total, all currently occupied by long-term tenants with an exceptional payment history. Properties feature hardwood floors throughout, updated kitchens, central HVAC, garage parking with washer/dryer hookups in every unit, and marble window sills. Seller has maintained both buildings meticulously since a complete renovation in 2015, including full electrical rewire, new plumbing fixtures, all new appliances, and central air added to all units. Rents are currently below market, offering immediate upside for a new owner. In close proximity to James Lane Allen Elementary, Wolf Run Park, Kroger, and Gardenside Shopping Center. Do not disturb tenants. All inquiries to listing agent. Each apartment is 882 SQ FT, each building is 3528 SQ FT, total for both buildings is 7056 SQ FT.

Listing Details MLS# 26014338

Listing Information

Comp Sale YN
No
Property Sub Type
Quadruplex

Status Change Information

Status Change Timestamp
2026-08-21
Purchase Contract Date
2026-06-22
Close Date
2026-08-21
Close Price
394000
Buyer Financing
Cash
Sale Type
Arms Length Sale

Address

County
Fayette
Street Number
1041-1043
Street Name
Cross Keys
Street Suffix
Road
State
KY
Zip Code
40504
Directions
Parkers Mill, Right on Cross Keys, Quadplex on the left.
Parcel Number
16102500

Contract

Original List Price
799000
Start Showing Date
2026-06-19
Listing Contract Date
2026-06-19
Listing Agreement
Exclusive Right To Sell
Office Exclusive YN
No
List Price/Acre
1354237.29
List Price/SqFt
113.24
Sold Price/Acre
667796.61
Sold Price/SqFt
55.84
SP/LP
0.49

Tax Legal

MLS Area Major
004 - Fayette County SW
Subdivision Name
Gardenside
High School District
Fayette County - 1

Interior

Bedrooms Total
16
Bathrooms Total
8
Bathrooms Full
8
Living Area
7056
Living Area Source
Public Records

More Information

Building

Year Built
1963
Accessibility Features YN
No

Lot

Lot Size Acres
0.592
Lot Size Square Feet
25787.52

Utilities

Cooling YN
Yes
Heating YN
Yes

Remarks

Public Remarks
Rare opportunity to acquire two fully renovated four-plexes at 1041 & 1043 Cross Keys Road - sold together only, will not be divided. Eight units total, all currently occupied by long-term tenants with an exceptional payment history. Properties feature hardwood floors throughout, updated kitchens, central HVAC, garage parking with washer/dryer hookups in every unit, and marble window sills. Seller has maintained both buildings meticulously since a complete renovation in 2015, including full electrical rewire, new plumbing fixtures, all new appliances, and central air added to all units. Rents are currently below market, offering immediate upside for a new owner. In close proximity to James Lane Allen Elementary, Wolf Run Park, Kroger, and Gardenside Shopping Center. Do not disturb tenants. All inquiries to listing agent. Each apartment is 882 SQ FT, each building is 3528 SQ FT, total for both buildings is 7056 SQ FT.

Property Features

Utilities: Electricity Connected; Sewer Connected; Water Connected; Electricity Connected; Sewer Connected; Water Connected Cooling: Electric Heating: Electric Laundry Features: Common Area; Electric Dryer Hookup; Washer Hookup Parking Features: Covered; On Site Possession: Close Of Escrow Structure Type: Quadruplex Showing Requirements: Call Listing Agent; Restricted Hours; Showing Service

Documents

Listing Office: Bluegrass Sotheby's International Realty
Last Updated: September - 10 - 2026
Information deemed reliable but not guaranteed.
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