$8,311 Closing Credit¹
#25003323, Listing Office: Bluegrass Sotheby's International Realty
$899,000 List price
199 E Loudon Ave Lexington, KY 40505
$10,000
Closing credit¹
0.5 acres
Multi-Family
Property details
About 199 E Loudon Ave
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 businessesTwo first-floor apartments are registered STRs, and furniture conveys - offering immediate income potentialThe 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.
Highlights
Home typeMulti Family
StatusActive
Lot size0.4806 Acres
Year built1895
Parking11 - 20 Spaces
MLS #25006915
Summary
- Parking: 11 - 20 Spaces
- List Price: $899,000
- Annual Tax Amount: $5,564
- Tax Year: 2023
- Directions: From downtown, North on Limestone, Right on Loudon and property is on left at corner of Maple. From Winchester Rd, Turn onto Loudon, property on right at corner of Maple.
- Year Built: 1895
- Lot Size: 0.4806 Acres
- MLS Number: 25006915
- Office Name: National Real Estate
- Office Phone: (859) 300-1415
- Office Email: kbsellsky@gmail.com
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2025 LBAR Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/9/2025, 3:20:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$899,000
199 E Loudon Ave
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 14, 2022 | Home Sold | $450,000 |
| Dec 30, 2020 | Home Sold | $450,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $450,000 | $5,564 |
| 2022 | $450,000 | $5,748 |
| 2021 | $450,000 | $5,748 |
| 2019 | $280,000 | $3,576 |
| 2018 | $280,000 | $3,576 |
History based on county public records data.
Nearby schools
2
Arlington Elementary School
Public District PK-5
0.3 mi
•122 Arceme Ave
4
William Wells Brown Elementary School
Public District PK-5
0.6 mi
•555 E Fifth St
4
Northern Elementary School
Public District PK-5
1.0 mi
•340 Rookwood Pkwy
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $36,820. The most common annual income of people living in Lexington, KY is less than $<35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
48%
<35k
44%
35k-100k
6%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
53%
Single, No Kids
15%
Single, with Kids
21%
Married, No Kids
11%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
7%
12-17 yrs old
26%
18-34 yrs old
46%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
NHRA Drag Racing
Horse Races
Where do the neighbors shop?
Family Dollar
Big Lots
Stein Mart
Where do the neighbors go to eat?
White Castle
Golden Corral
LongHorn Steakhouse
What do the neighbors drive?
Chevrolet
Kia
Buick
What do the neighbors listen to?
Rock
Adult Standards
Contemporary Inspirational
All data provided by Home Junction and Claritas
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This home is located at 199 E Loudon Ave in Lexington, KY and zip code 40505 in the Castlewood neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since April 8, 2025 and is currently priced at $899,000.
Over 70 listings were sold over their listed price in April 2025 in Lexington, KY. In the same period over 126 listings were sold below the listed price and 72 listings were sold for the listed price. The number of homes for sale in Lexington, KY increased by 16.1% between March and April 2025. Listings spent 24 days on the market in April 2025, and had a median list price of $329,143 during the same period.
From Rocket Homes Real Estate and based on county public records data.