346 E 2nd St, Lexington, KY 40508
Property image
Property image
FOR SALE

$159,900

Original price: $169,900
  • 2 Beds
  • 2 Baths
  • 1,134 sqft

346 E 2nd St, Lexington, KY 40508

Central Downtown
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Home Highlights

Multi-Family
Built in 1959
$141/sqft

Local Information

  • Map ViewExplore the area around 346 E 2nd St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Attention Investors! Great opportunity to add a fully occupied duplex to your rental portfolio in downtown Lexington. Currently generating $1,615 per month in total rental income, each unit features a living room, kitchen, 1 bedroom, and 1 full bathroom. Unit #1 was updated in 2021 with newer flooring and kitchen improvements, and the property received a new roof in 2023. With tenants already in place and immediate rental income, this is an easy addition to an investment portfolio. Property is being sold as-is with inspections welcome.
Last check for updates: about 19 hours ago
Listing courtesy of M Scott Peace, (512) 921-2794
Lifstyl Real Estate
Source: Imagine MLS, MLS#26021986
Also Listed on Imagine MLS.

Home Details for 346 E 2nd St

Interior Features

Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 1134 Square Feet
Heating & Cooling
Heating: ElectricHas CoolingAir Conditioning: Window Unit(s)Has HeatingHeating Fuel: Electric

Exterior Features

Exterior Home Features
Roof: Shingle

Days on Market

Days on Market: 23

Property Information

Year Built
Year Built: 1959
Property Type / Style
Property Type: Residential IncomeProperty Subtype: DuplexStructure Type: DuplexArchitecture: Duplex
Building
Attached To Another Structure
Property Information
Parcel Number: 15009500

Price & Status

Price
List Price: $159,900Price Per Sqft: $141
Status Change & Dates
Possession Timing: Close Of Escrow

Active Status

MLS Status: Active

Location

Direction & Address
City: LexingtonCommunity: Downtown
School Information
Elementary School: AshlandJr High / Middle School: Lexington TradHigh School: Henry ClayHigh School District: Fayette County - 1

Agent Information

Listing Agent
Listing ID: 26021986

Building

Building Area
Building Area: 1134 Square Feet

Lot Information

Lot Area: 2787.84 sqft

Miscellaneous

Mls Number: 26021986

Around this home

Neighborhood Overview

Central Downtown
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Central Downtown

At least 30 Trulia users voted on each feature.

  • 88 % Say there are sidewalks

  • 86 % Say it's dog friendly

  • 81 % Say there's holiday spirit

  • 79 % Say parking is easy

  • 79 % Say streets are well-lit

  • 78 % Say it's walkable to restaurants

  • 72 % Say car is needed

  • 65 % Say people would walk alone at night

  • 63 % Say they plan to stay for at least 5 years

  • 58 % Say neighbors are friendly

  • 51 % Say yards are well-kept

  • 50 % Say it's quiet

  • 50 % Say kids play outside

  • 46 % Say there are community events

  • 36 % Say it's walkable to grocery stores

  • 28 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "there's lots of other dogs in the neighborhood and friendly neighbors as well. it's an overall great neighborhood to live in with a lot of kind people. "
    0
    Flag
  • Trulia User
    "We have a 4th of July block party every year, Main Street is close off in front of our homes the fireworks are right across the street. "
    1
    Flag
  • Zachary C. M.
    "It’s a college area so it’s not the quietest. Be prepared to hear emergency vehicles and pedestrians "
    1
    Flag
  • Ana
    "Close to all downtown events, Kentucky native etc. Not the kind of neighborhood where you have a street party, potlucks etc. "
    4
    Flag
  • Clara W.
    "It’s right next to the park, which is great for walking and playing with your dogs. However, some houses in these areas do not have backyards, so it is difficult if you have a dog constantly needing access to the outdoors or accustomed to a backyard. "
    5
    Flag
  • Laura W.
    "The commute is okay. I work in Nicholasville so we head out on Tate’s Creek in the morning and it’s not too bad. The stop lights are pretty annoying. "
    0
    Flag
  • karenw
    "I’ve lived in this neighborhood for 11 years. Neighbors are friendly, good people. I walk to neighborhood and downtown events, restaurants, coffee shops, theaters. I love living in downtown area."
    18
    Flag
  • Junisabelo
    "They like it because they can let the dog run out the backyard.... but I dnt mind since I have no pets."
    1
    Flag
  • Beth C.
    "Must leash and walk quite a way to allow dogs to potty. Small yards some not fenced. Historical neighborhood which means people are pickier."
    2
    Flag
  • Angieclift
    "W. Second St. Lexington, Ky is a great downtown area to walk or just enjoy yourself at a nearby restaurant, pub, brewery or distillery. W. Second street is conveniently located within short walking distance to Gratz park, the home of Mary Todd Lincoln or Triangle park. Do a little shopping at Festival Market, Victorian Square or a wine shop. Watch the Kentucky Wildcats play at Rupp Arena. Thursday, Friday and Saturdays are usually the busiest times of the week for this area. Very close to public and highly rated private schools in a matter of just a few minutes walking. Bus stops located on the same street. Excellent historical part of Lexington, Ky to hang out and enjoy yourself."
    0
    Flag

Market trends in Lexington

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$336K
$4.83KMoM
Sale-to-List Price
99.7%
0.4%MoM
Price per sq ft
$196
$1MoM
Available listings
1048
104MoM

Home Value

Trulia Estimate
$163K
Since last month
Decreased$4K (-2.5%)
Since last year
Increased$3K (+2%)
Since last sale
Increased$13K (+8.7%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +41% in the last 10 years
MonthEstimated value
2026
August 2026$163K
August 2026$163K
July 2026$167K
June 2026$167K
May 2026$167K
April 2026$166K
March 2026$167K
February 2026$167K
January 2026$171K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
649 N Broadway, Lexington, KY
0.92
Multi-Family Home
$193,000
04/24/26
2
2
1,420
371 N Limestone, Lexington, KY
0.47
Multi-Family Home
$678,000
04/09/26
4
3
3,116
905 Byars Ave, Lexington, KY
1.08
Multi-Family Home
$159,900
07/22/26
4
2
1,650
110-112 S Hanover Ave, Lexington, KY
0.81
Multi-Family Home
$500,000
06/08/26
4
2
2,580
33 Mentelle Park, Lexington, KY
0.80
Multi-Family Home
$290,400
09/01/26
6
2
3,269
150 Deweese St, Lexington, KY
0.12
Multi-Family Home
$980,000
02/01/26
5
5
2,772
394 Bassett Ave, Lexington, KY
1.28
Multi-Family Home
$335,000
05/01/26
3
2
1,688
400-402 N Limestone St, Lexington, KY
0.45
Multi-Family Home
$945,000
06/09/26
6
5
4,735

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
355 Corral St, Lexington, KY 40508
0.03
$167,100
3
1
850
Off Market
356 Corral St, Lexington, KY 40508
0.05
$306,289
3
2
1,462
For Sale
340 E 2nd St, Lexington, KY 40508
0.01
$167,200
3
1
948
Off Market
227 225 Ford Pl, Lexington, KY 40508
0.07
$240,900
1
1
672
Off Market
330 Corral St, Lexington, KY 40508
0.06
$171,300
3
1
1,056
Off Market
423 E 2nd St, Lexington, KY 40508
0.11
$225,000
1
1
852
For Sale
421 E 2nd St, Lexington, KY 40508
0.12
$537,100
4
2
2,272
Off Market
207 Race St, Lexington, KY 40508
0.12
-
-
-
-
Off Market
318 E 2nd St #320, Lexington, KY 40508
0.07
$295,700
4
2
-
Off Market
372 E 3rd St, Lexington, KY 40508
0.11
-
-
-
-
Off Market
374 E 3rd St, Lexington, KY 40508
0.11
$338,200
5
2
2,334
Off Market

Price and Tax history

DateEventPrice
Aug 31, 2026
Source: Imagine MLS #26021986
PriceChange
$159,900
Price decreased by 6%
Aug 13, 2026
Source: Imagine MLS #26021986
Listed For Sale
$169,900
Feb 23, 2026
Source: Imagine MLS #26002966
ListingRemoved
$169,000
Feb 19, 2026
Source: Imagine MLS #26002966
Listed For Sale
$169,000
Dec 1, 2025
Source: Imagine MLS #25505616
ListingRemoved
$179,900

LGBTQ Local Legal Protections

M Scott Peace, Lifstyl Real Estate
Agent Phone: (512) 921-2794
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Frequently asked questions about 346 E 2nd St

  • What is the estimated monthly payment for 346 E 2nd St?
    Based on a $159,900 list price with 20% down at today's rates, the estimated monthly payment for 346 E 2nd St in Lexington, KY is approximately $1,031 (about $844 principal & interest, $112 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 346 E 2nd St compare to homes in Lexington?
    346 E 2nd St in Lexington, KY is listed at $159,900, about 52% below the $336K median sale price in Lexington.
  • What do residents say about the Central Downtown neighborhood?
    Residents describe the Central Downtown neighborhood in Lexington, KY as pedestrian-friendly, dog-friendly, and easy to park in. See homes for sale in Central Downtown, Lexington.
  • What are the closest schools to 346 E 2nd St?
    The closest schools to 346 E 2nd St in Lexington, KY are Ashland Elementary School (rated 9/10), Henry Clay High School (rated 7/10), Lexington Middle School (rated 5/10).
  • Does 346 E 2nd St have air conditioning?
    Yes, 346 E 2nd St in Lexington, KY has air conditioning.
346 E 2nd St, Lexington, KY 40508 is a 2 bedroom, 2 bathroom, 1,134 sqft multi-family built in 1959. 346 E 2nd St is located in Central Downtown, Lexington. This property is currently available for sale and was listed by Imagine MLS on Aug 13, 2026. The MLS # for this home is MLS# 26021986.