5-Home Single-Family Rental Portfolio

Faulkner Ave, Lexington, KY 40505

Property Information

  • For Sale $925,000
  • Property Type Multi-Family
  • Property Size 5,439 SF
  • Units 5
  • Date Updated Nov 5, 2026

Description

Lexington, Kentucky has been rated as one of America's premier cities by some of the most noted and revered industry standard-bearers, such as Forbes magazine, the U.S. Census Bureau, Cognetics consulting group, Dun & Bradstreet, Ladies Home Journal, and Places Rated Almanac - just to name a few. Most people think of rolling countryside with stone fences, great basketball action, horse farms, thoroughbred racing at Keeneland, a diverse economy, and outstanding schools, colleges and universities. Our community ranks high in quality of life factors, such as health care, public safety, educational attainment, and quality family living. The area also measures high among the best places for business location, creativity, entrepreneurial growth, and career relocation. Residents of competing cities view Lexington as a beautiful place, with great schools, an innovative health care system, a strong economy, and mountains of potential.The Lexington Rental Portfolio is five well-maintained single-family rental homes totaling 5,439 square feet in Lexington, Fayette County, Kentucky, all 100% leased: four in north Lexington (40505) and one in southeast Lexington (40517). The portfolio suits single-family rental investors, 1031 exchange buyers and local landlords who want five stabilized rentals in one purchase. The homes are sold together only. The homes are in great condition, with recent updates throughout. Every home was remodeled or updated between 2016 and 2026, including new roofs on two homes in 2018, new garage roofs on two homes in 2021, new HVAC at two homes, new water heaters at three homes, and new paint and carpet at one home in 2026. Every home has a washer and dryer. All five are single-story brick ranches built between 1960 and 1972, with 3 to 4 bedrooms and 975 to 1,226 square feet each, and three have detached garages. Tenants are on 12-month leases ending between December 2026 and August 2027 and pay all utilities, lawn and landscaping. Rents total $7,650 a month, including pet fees, below ownership’s estimated market rent of about $8,452 a month. The homes are professionally managed. Listed by Travis Rose, SVN | Stone Commercial Real Estate, 859.806.1591. Travis sells land, industrial warehouses and investment properties across Central Kentucky. * Please do not visit the properties or contact the tenants. All showings are by appointment through the listing agent. *

Highlights

  • 100% leased, with leases ending December 2026 to August 2027
  • Every home remodeled or updated 20162022: two new roofs in 2018, new HVAC or furnace at two homes, new water heater at one
  • Five single-family rentals in Lexington, Kentucky, sold together in one purchase
  • Professionally managed
  • Rents below market, with room to grow as leases renew
  • Single-story brick ranches with 3 to 4 bedrooms; three with detached garages
  • Strong rental demand in Lexington, home of the University of Kentucky
  • Tenants pay all utilities, lawn and landscaping
  • Well-maintained homes in great condition, with recent updates throughout

Contacts

Location

Located at Faulkner Ave, Lexington, KY 40505, this property is part of the Whitaker Farm neighborhood and Lexington market.

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