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1346 Ohio Ter, Lexington, KY, 40508

3beds
2baths
2,100sqft
$159,900
$76price/sqft
$1,298/moest. monthly cost
$51,920/yrincome needed

About This Home

Turnkey investment opportunity producing $1,500/month in rental income. Ideal for investors seeking immediate cash flow. Up to 4 additional properties can be added to maximize cash flow.

Getting Around

75
WalkingVery Walkable
0
TransitVery Limited Transit
68
BikeBikeable

Schools

Construction

Condition

  • Year built: 1930

Materials

  • Roof: Shingle

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Heating & Cooling

  • Heating features: Electric,Heat Pump
  • Cooling features: Electric

Interior Area

  • Total structure area: 2,100
  • Total interior livable area: 2,100 sqft

Property

Details

  • Parcel number: 1049240
  • Zoning description: Residential

Lot

  • Lot size: 2,090 sqft

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Cold Wave
Tornado
Winter Weather
Lightning
Strong Wind

FEMA Declared Disasters Across Kentucky Counties

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $808$9,696
Home Insurance *$158$1,896
Property Taxes $167$2,004
Electricity $165$1,990
Total$1,298$15,576
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$44,502/yr
40% on housing$38,940/yr
45% on housing$34,613/yr

Kentucky FAIR Plan Programs

Kentucky FAIR Plan Reinsurance Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,102Commercial: 175
Total Premiums$2.55M
Total Exposure$206.09M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.5%
11.5%
0%30.0%
Electricity Growth Rate10-year average: 6.0%
6.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$76This listing

vs Other Active Listings

Avg $/sqft

ZIP 40508$142
Fayette County$246

vs Homes Sold Last Month

Median $/sqft

ZIP 40508$135
Fayette County$186

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-05-06Price change$179,900
2026-04-25Listed for sale$189,999
2012-02-29Sold$16,000
2011-12-12Sold$16,000
2011-10-27Price change$26,500
2011-10-04Listed for sale$29,900
2011-08-20Listing removed$29,900
2011-08-18Price change$29,900
2011-07-16Price change$37,500
2011-07-08Listed for sale$47,500
2010-02-25Sold$7,000
2009-11-07Listed for sale$27,500
2009-07-02Listing removed$48,000
2009-04-02Sold$50,000
2009-02-22Listed for sale$48,000

For Sale by Agent

AgentSharon Angelina A Allen
BrokerageCENTURY 21 Advantage Realty

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