394 Bassett Avenue, Lexington, KY 40502 (MLS # 25506586)

Price $335,000
Status Active
Beds 3
Baths 2 Baths
Home size 1,688 sqft
Lot Size 7,493 sqft
Days on Market 17
Opportunity knocks in one of Lexington's most beloved neighborhoods! This stunning corner-lot duplex in Kenwick is packed with charm, loaded with updates, and priced well below both market and appraised valueâ€"a rare combination you won't want to miss. The main-level unit is move-in ready and seriously impressive. Step inside to discover a fully remodeled kitchen and bath, refinished hardwood floors, new tile in the primary bedroom, and fresh paint throughout. Comfort meets efficiency with a new HVAC system, mostly new windows, a newer roof, new siding, and even a newly added closet for extra storage. The basement has been professionally sealed and painted, perfect for clean, dry storage or workspace. Washer/dryer hookups have been added on the main level (machines do not convey), and the double-level storage tables downstairs stay with the home. The outdoor space is just as polishedâ€"professionally landscaped and wrapped in zoning-approved wood privacy fencing that adds beauty and function. Upstairs, the one-bedroom apartment feels like a storybook hideaway, with light-filled spaces and cottage charm that stays true to the home's historic character. Whether used as a guest suite, Airbnb, or long-term rental, this space is a proven moneymakerâ€"rental potential ranges from $950 to $1,450/month. Furnishings are negotiable to keep it turn-key ready. Bonus Opportunity: Need even more space or want to supercharge your investment? The adjacent R2-zoned lot (MLS #25503833) is available separately and features a block garageâ€"ideal for storage, a studio, or future development. Please Note: Main-level furnishings and washer/dryer do not convey Full list of updates available upon request Whether you're looking for a smart investment, a mortgage helper, or the ideal setup for multigenerational living, this Kenwick gem checks all the boxesâ€"with the upside to grow even more.
Property Type(s): Single Family
Last Updated 11/20/2025 Tract Kenwick
Year Built 1930 Community 002 - Fayette County NE
County Fayette

SCHOOLS

Elementary School Ashland
Jr. High School Lexington Trad
High School Henry Clay

Additional Details

AIR Electric, Heat Pump
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Microwave, Range, Refrigerator
AREA 002 - Fayette County NE
BASEMENT Sump Pump, Unfinished, Yes
CONSTRUCTION Stone, Vinyl Siding
HEAT Natural Gas
INTERIOR Eat-in Kitchen
LOT 7492 sq ft
PARKING Other
SEWER Public Sewer
STORIES 1.5
STYLE Cape Cod, Craftsman
SUBDIVISION Kenwick
UTILITIES Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
VIEW Yes
VIEW DESCRIPTION Neighborhood
WATER Public

Location

 

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