$610,000

300 Codell Dr Lexington, KY 40509

$7,244
Closing credit¹
8 beds
4 full
3,456 sqft
0.3 acres
$177 / sqft
Multi-Family

Property details

About 300 Codell Dr

Don't miss out on this fully renovated 4-unit property, ready to start generating income right away! This turnkey gem boasts fresh updates throughout, including all new windows, sliding glass doors, and a brand-new roof installed in May (with a transferable warranty). The property also features a freshly paved driveway, giving it excellent curb appeal.Each of the four spacious units is a 2-bedroom, 1-bath layout, all newly renovated and currently occupied. With rents currently below market value, there's huge potential for growth. Here's the breakdown:Unit 1: $950/monthUnit 2: $1,100/monthUnit 3: $800/monthUnit 4: $1,150/monthThat's $4,000 a month in rental income--plus, tenants pay all utilities except for the hallway electric bill! No HOA fees to worry about, either. Rents to increase to a total of $4,300 this Spring!Located in an excellent area, close to a brand-new hospital and easy access to the new circle, this property is perfect for investors looking for a steady stream of income and long-term growth.Act fast--this opportunity won't last long!

Highlights

Home typeMulti Family
HeatingElectric, Forced Air
StatusActive
CoolingHeat Pump, Electric
Size3,456 sqft
Lot size0.34 Acres
Year built1979
Parking6 - 10 Spaces, Paved, On Site, Open
MLS #25000601

Summary

  • MLS Number: 25000601
  • Office Name: EXP Realty, LLC
  • Office Phone: (888) 624-6448
  • Office Email: ky.broker@exprealty.net

IDX 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: 3/15/2025, 4:20:52 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

front facade with a front yard

$610,000

300 Codell Dr

$7,244

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Nov 21, 2023
Home Sold
$310,000
May 31, 2022
Home Sold
$187,200
Dec 11, 2013
Home Sold
$329,600

Tax history

YearAssessmentProperty Tax
2023$187,200$2,314
2022$187,200$2,391
2021$187,200$2,391
2019$187,200$2,391
2018$187,200$2,391

History based on county public records data.

Nearby schools

6

Breckinridge Elementary School

Public District KG-5

0.6 mi

2101 Saint Mathilda Dr

6

Liberty Elementary School

Public District KG-5

1.1 mi

2585 Liberty Rd

7

Cassidy Elementary School

Public District KG-5

2.1 mi

1125 Tates Creek Rd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $34,133. Residents of Lexington, KY typically earn less than $<35k each year. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

How much money do the neighbors make?

52%
<35k
47%
35k-100k
2%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

45%
Single, No Kids
23%
Single, with Kids
15%
Married, No Kids
17%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

19%
<11 yrs old
9%
12-17 yrs old
27%
18-34 yrs old
39%
35-64 yrs old
6%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • NHRA Drag RacingNHRA Drag Racing
  • Mexican League SoccerMexican League Soccer

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • Big LotsBig Lots
  • BurlingtonBurlington

Where do the neighbors go to eat?

  • White CastleWhite Castle
  • Golden CorralGolden Corral
  • Church's ChickenChurch's Chicken

What do the neighbors drive?

  • ChevroletChevrolet
  • KiaKia
  • OldsmobileOldsmobile

What do the neighbors listen to?

  • RockRock
  • Adult StandardsAdult Standards
  • Urban Adult ContemporaryUrban Adult Contemporary
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 300 Codell Dr in Lexington, KY and zip code 40509 in the District 7 neighborhood. This 3,456 square foot home, which was built in 1979, sits on a 0.34 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since January 13, 2025 and is currently priced at $610,000.

In February 2025 more than 22 listings in Lexington, KY were sold above the asking price. During the same period more than 52 listings were sold at asking price, while more than 89 were sold below. In February 2025 in Lexington, KY there were 3.1% more homes for sale than in January. Listings spent 39 days on the market in February 2025, and had a median list price of $329,497 during the same period.

From Rocket Homes Real Estate and based on county public records data.

More resources