$1,247 Closing Credit¹
#25001153, Listing Office: Bluegrass Home Group
$106,900 List price
551 W Fifth St Lexington, KY 40508
$1,269
Closing credit¹
1 bed
0.05 acres
House
Property details
About 551 W Fifth St
This property is a diamond in the rough, prime location in the heart of downtown, this property offers immense potential for the savvy investor or developer. The building is in need of a complete overhaul, but with the right vision, it could be transformed into a beautiful downtown Lexington home. Located in a high-demand area, surrounded by ongoing developments, restaurants, and businesses, this property is poised to benefit from future growth.
Highlights
Home typeSingle Family Residence
HeatingOther
StatusActive
CoolingOther
Lot size0.0456 Acres
Year built1900
MLS #25000361
Summary
- MLS Number: 25000361
- Office Name: Bluegrass Sotheby's International Realty
- Office Phone: (859) 268-0099
- Office Email: frontdesk@bgsir.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: 3/12/2025, 6:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$106,900
551 W Fifth St
$1,269
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $25,500 | $315 |
| 2022 | $25,500 | $325 |
| 2021 | $25,500 | $325 |
| 2019 | $29,300 | $374 |
| 2018 | $29,300 | $374 |
History based on county public records data.
Nearby schools
3
Harrison Elementary School
Public District PK-5
0.5 mi
•161 Bruce St
3
Booker T. Washington Elementary School
Public District PK-5
0.9 mi
•707 Howard St
2
Arlington Elementary School
Public District PK-5
0.9 mi
•122 Arceme 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 $24,391. Residents of Lexington, KY typically earn less than $<35k each year. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
How much money do the neighbors make?
61%
<35k
33%
35k-100k
5%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
66%
Single, No Kids
16%
Single, with Kids
11%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
7%
12-17 yrs old
37%
18-34 yrs old
40%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Soccer
UFC
NBA/WNBA
Where do the neighbors shop?
Forever 21
Family Dollar
Express/Express For Men
Where do the neighbors go to eat?
Dominos Pizza
Burger King
Starbucks
What do the neighbors drive?
Mazda
Buick
Pontiac
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Contemporary
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 551 W Fifth St
This home is located at 551 W Fifth St in Lexington, KY and zip code 40508 in the Northside neighborhood. Features: 1 bedroom, 0 bathroom. It has been listed on Rocket Homes since January 7, 2025 and is currently priced at $106,900.
Over 22 listings were sold over their listed price in February 2025 in Lexington, KY. In the same period over 89 listings were sold below the listed price and 52 listings were sold for the listed price. The number of listings in Lexington, KY increased by 3.1% between January and February 2025. In February 2025 median list price was $329,497 and the average listing age was 39 days.
From Rocket Homes Real Estate and based on county public records data.