#24020473, Listing office: Rector Hayden Realtors
Property details
About 550 Ohio St
Investor Special - 550 Ohio St, Lexington, KY 40508Add to your rental portfolio with this income-producing property just minutes from downtown Lexington! This 2-bedroom, 1-bath home offers a great layout and bonus storage space with a rare 2-car detached garage--a standout feature in the area. Currently used as a rental, it provides steady income and long-term potential. Conveniently located near the UK campus, Transylvania University, and major transit routes.Don't miss out--schedule your showing today and take advantage of this solid investment opportunity!
Highlights
Home typeSingle Family Residence
HeatingOther
StatusActive
CoolingOther
Lot size0.1391 Acres
Year built1900
MLS #25015953
Summary
- Full Bathrooms: 1
- Flooring Type: Other
- Total Bedroom Count: 2
- Heating: Other
- Cooling: Other
- List Price: $127,000
- Annual Tax Amount: $1,135
- Tax Year: 2023
- Directions: To reach 550 Ohio St, Lexington, KY 40508, start by heading north on North Limestone Street from downtown Lexington. After about 1.5 miles, turn right onto West Sixth Street. Continue for a few blocks, then turn left onto Ohio Street. Drive a short distance down Ohio Street, and 550 Ohio St will be on your right.
- Year Built: 1900
- Stories: 1
- Lot Size: 0.1391 Acres
- MLS Number: 25015953
- Office Name: Bluegrass Realty Pros, Inc
- Office Phone: (270) 312-2943
- Office Email: jarstferjl@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: 7/23/2025, 5:45:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 14, 2020 | Home Sold | $67,500 |
| Jul 24, 2019 | Home Sold | $53,500 |
| Jul 24, 2019 | Home Sold | $53,500 |
| Jul 07, 2017 | Home Sold | $50,000 |
| May 02, 2011 | Home Sold | $20,900 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $91,800 | $1,135 |
| 2022 | $67,500 | $862 |
| 2021 | $67,500 | $862 |
| 2019 | $55,500 | $708 |
| 2018 | $35,000 | $447 |
History based on county public records data.
Nearby schools
4
William Wells Brown Elementary School
Public District PK-5
0.3 mi
•555 E Fifth St
2
Arlington Elementary School
Public District PK-5
0.7 mi
•122 Arceme Ave
7
Ashland Elementary School
Public District KG-5
0.8 mi
•195 N Ashland Ave
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 $28,559. The majority of Lexington, KY residents have income less than $<35k annually. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
59%
<35k
41%
35k-100k
1%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
62%
Single, No Kids
20%
Single, with Kids
12%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
8%
12-17 yrs old
21%
18-34 yrs old
48%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
UFC
Figure Skating
NBA/WNBA
Where do the neighbors shop?
Family Dollar
Express/Express For Men
Big Lots
Where do the neighbors go to eat?
Burger King
Church's Chicken
Starbucks
What do the neighbors drive?
Buick
Cadillac
Pontiac
What do the neighbors listen to?
Urban Contemporary
Jazz
Adult Standards
All data provided by Home Junction and Claritas
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Frequently asked questions
About 550 Ohio St
The listing price of 550 Ohio St property is $127,000.
The property 550 Ohio St is a house located in Lexington, Kentucky, 40508.
Active Listing: 550 Ohio St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 550 Ohio St are: William Wells Brown Elementary School (GreatSchools Rating 4/10), Arlington Elementary School (GreatSchools Rating 2/10), Ashland Elementary School (GreatSchools Rating 7/10), Lexington Traditional Magnet School (GreatSchools Rating 2/10), Morton Middle School (GreatSchools Rating 6/10), Bryan Station Middle School (GreatSchools Rating 3/10), Steam Academy (GreatSchools Rating 8/10), Bryan Station High School (GreatSchools Rating 2/10), Fayette County Learning Center (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $1,135 (source: MLS/based on county public records data).
The last sale was on July 14, 2020 for $67,500 (source: MLS/tax record).
The property at 550 Ohio St has 2 bedrooms and 1 bathroom.
The year of construction for 550 Ohio St is 1900.
This home is located at 550 Ohio St in Lexington, KY and zip code 40508 in the District 1 neighborhood. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since July 22, 2025 and is currently priced at $127,000.
In June 2025 more than 78 listings in Lexington, KY were sold above the asking price. During the same period more than 79 listings were sold at asking price, while more than 173 were sold below. Between May and June 2025, Lexington, KY real estate market has seen increase in the number of listings by 0.7%. The median list price of listings available in June 2025 was $332,357, while the average time on the real estate market was 20 days.
From Rocket Homes Real Estate and based on county public records data.