Prime 24-Unit Assisted Living or Apartment Opportunity

319 Duke Rd, Lexington, KY 40502

Property Information

  • For Sale $5,100,000
  • Property Type Multi-Family
  • Property Size 23,216 SF
  • Units 24
  • Lot Size 1.3 Acre
  • Year Built 2020
  • Date Updated May 1, 2026

Description

Situated in Lexington’s historic Chevy Chase, known for walkability and charm Close to local amenities such as barber shops, pharmacies, cafés, and restaurants High Walk Score neighborhood offering safety, convenience, and lifestyle appeal Less than 1 mile west of the University of Kentucky campus 2 miles to downtown Lexington and major healthcare providersWelcome to a rare, high-end residential or care facility opportunity in one of Lexington’s most desirable and walkable neighborhoods. Built in 2020 and nestled within the charming Chevy Chase area, this 24-unit, 23,216 SF property combines modern construction, thoughtful design, and exceptional flexibility. Originally designed and certified for assisted living, the layout and finishes also make it ideal for boutique apartments, medical housing, or other residential care uses. Located just two miles from downtown Lexington and the University of Kentucky, residents enjoy quiet tree-lined streets, easy access to neighborhood shops, and a strong sense of community. This property represents a turnkey Class-A opportunity for operators or investors seeking flexibility—whether as a senior housing facility, rehabilitation or behavioral health residence, or luxury multifamily community. Its modern construction, thoughtful layout, and premier location make it one of Lexington’s most adaptable and compelling offerings. As part of the transaction, the seller may consider a short- term leaseback while the buyer implements their business plan. Please inquire with agent for more details.

Highlights

  • 24 one-bedroom street facing, courtyard facing, or corner rooms
  • Administrative offices and private meeting areas
  • Basement level with space for fitness and recreation
  • FF&E; included, offering a turnkey operational setup
  • Generator, elevator, sprinklers installed
  • Large enclosed courtyard and garden area for residents’ enjoyment
  • Lodge-style clubhouse and common areas with high-quality finishes
  • Parking: 24 spaces
  • Resident lounge and main dining area with full commercial kitchen
  • Unit sizes 560-580 SF

Contacts

Justin Ryder, CCIM

SVN | Stone Commercial Real Estate

Location

Located at 319 Duke Rd, Lexington, KY 40502, this property is part of the Chevy Chase neighborhood and Lexington market.

Contact Listing Broker
Justin Ryder, CCIM

SVN | Stone Commercial Real Estate

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.