Redfin is joining Rocket

Discover how we're simplifying your journey home.

$195,000

430 Morgan Ave Lexington, KY 40505

3 beds
3 full
0.1 acres
Multi-Family

Property details

About 430 Morgan Ave

This triplex offers three 1 bed / 1 bath units, each designed for easy upkeep and consistent rental income. Whether you're a first-time investor looking for a manageable start or a seasoned pro expanding your portfolio, this property checks all the boxes. With an opportunity to add value, each unit features efficient layouts, strong tenant appeal, and separate entrances. Enjoy steady cash flow, minimal vacancy, and the potential for long-term appreciation. Live in one and rent the others or lease all three for maximum ROI? The choice is yours! Owner pays all utilities. As-Is, inspections welcome.

Highlights

Home typeMulti Family
HeatingElectric, Zoned
StatusActive
CoolingZoned, Electric
Lot size0.138 Acres
Year built1922
Parking1 - 5 Spaces, On Site, Gravel, Open
MLS #25009994

Summary

  • Full Bathrooms: 3
  • Total Bedroom Count: 3
  • Parking: 1 - 5 Spaces, On Site, Gravel, Open
  • Heating: Electric, Zoned
  • Cooling: Zoned, Electric
  • List Price: $195,000
  • Annual Tax Amount: $1,434
  • Tax Year: 2023
  • Directions: From Downtown Lexington, turn right on N Limestone, turn right Glenn Pl, turn left onto Bryan Ave, turn right onto Morgan Ave, house is on the right. No sign in the yard.
  • Year Built: 1922
  • Stories: 1
  • Lot Size: 0.138 Acres
  • MLS Number: 25009994
  • Office Name: Mayca Property Solutions
  • Office Phone: (859) 667-3436
  • Office Email: sarah@maycaps.com

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: 7/21/2025, 12:45:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

DateEventPrice
Mar 22, 2022
Home Sold
$116,000
Oct 06, 2016
Home Sold
$25,000
Oct 06, 2016
Home Sold
$25,000
Aug 16, 2016
Home Sold
$22,000
Aug 16, 2016
Home Sold
$22,000

Tax history

YearAssessmentProperty Tax
2023$116,000$1,434
2022$25,000$319
2021$25,000$319
2019$25,000$319
2018$25,000$319

History based on county public records data.

Nearby schools

2

Arlington Elementary School

Public District PK-5

0.5 mi

122 Arceme Ave

4

Northern Elementary School

Public District PK-5

0.6 mi

340 Rookwood Pkwy

4

William Wells Brown Elementary School

Public District PK-5

1.0 mi

555 E Fifth St

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 $21,667. The most common annual income of people living in Lexington, KY is less than $<35k. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

How much money do the neighbors make?

76%
<35k
22%
35k-100k
2%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

45%
Single, No Kids
24%
Single, with Kids
18%
Married, No Kids
13%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

17%
<11 yrs old
8%
12-17 yrs old
24%
18-34 yrs old
40%
35-64 yrs old
11%
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
  • BuickBuick

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

Frequently asked questions

About 430 Morgan Ave

The listing price of 430 Morgan Ave property is $195,000.

The property 430 Morgan Ave is a multi located in Lexington, Kentucky, 40505.

Active Listing: 430 Morgan Ave is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 430 Morgan Ave are: Arlington Elementary School (GreatSchools Rating 2/10), Northern Elementary School (GreatSchools Rating 4/10), William Wells Brown Elementary School (GreatSchools Rating 4/10), Bryan Station Middle School (GreatSchools Rating 3/10), Lexington Traditional Magnet School (GreatSchools Rating 2/10), Crawford Middle School (GreatSchools Rating 2/10), Steam Academy (GreatSchools Rating 8/10), Bryan Station High School (GreatSchools Rating 2/10), Frederick Douglass High School (GreatSchools Rating 6/10).

According to the records, the last property tax for 2023 is $1,434 (source: MLS/based on county public records data).

The last sale was on March 22, 2022 for $116,000 (source: MLS/tax record).

The year of construction for 430 Morgan Ave is 1922.

This home is located at 430 Morgan Ave in Lexington, KY and zip code 40505 in the District 1 neighborhood. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 14, 2025 and is currently priced at $195,000.

Lexington, KY housing market in June 2025 saw over 78 listings sold above listed price, more than 79 sold at listed price and over 173 sold below. The number of listings in Lexington, KY increased by 0.7% between May and June 2025. In June 2025, listings were on the market for 20 days. During the same period, the median list price in this real estate market was $332,357.

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

More resources