131 N Hanover Ave, Lexington, KY, 40502

Little Homerun in Kenwick

We are selling our assignable purchase contract on the property below:

131 N Hanover Ave, Lexington, KY, 40502

Open House: Tuesday, June 30 @ 11:30 AM (ET)
Offer Deadline: Wednesday, July 1 @ 11:30 AM (ET)
Submit Offers Starting At Or Above: $213,000

No extensions will be granted.
Buyers Agent include your commission when submitting offers!

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To submit an offer or set up a viewing please contact Andy at (859) 605-3273 or email andy@rapidfireinvestments.com

Details:

4bd/2ba with 1376 sqft
Built in 1920
Lot Size: 0.17 Acres
Family Member Occupied
Closing on or before 08/31/26
Market Rent: $2,570
Current Rent: N/A
🔥 Investor Alert – Prime Kenwick Opportunity! 🔥 131 N Hanover Ave is the kind of property savvy investors look for — a great little home positioned in one of Lexington’s most desirable and competitive neighborhoods. Located in the highly sought-after Kenwick area of 40502, this property offers the perfect blend of location, demand, and value-add potential. With a strong retail buyer pool, charming neighborhood appeal, and proximity to the heart of Lexington, this is an opportunity to capitalize on one of the city’s hottest pockets. Kenwick continues to attract buyers who want character, convenience, and walkability — creating strong upside for the right investor. Whether your strategy is a light rehab flip, rental hold, or adding value for resale, this property gives investors the chance to secure an asset in an area where demand stays high and finished product commands premium pricing. Great location + strong retail demand + investor upside = a Kenwick opportunity you don’t want to miss.

ARV is $400,000 based on the following comps:

170 N Hanover Ave in Lexington, KY, 40502 is a renovated 1370 SqFt, 3 Bed / 2 Bath that sold for $400,000 on 5/30/2025 ($291.97 per SqFt)
1005 Cramer Ave in Lexington, KY, 40502 is a renovated 2000 SqFt, 4 Bed / 2 Bath that sold for $585,000 on 6/2/2026 ($292.50 per SqFt)
16 Richmond Rd in Lexington, KY, 40502 is a renovated 1614 SqFt, 3 Bed / 2 Bath that sold for $555,000 on 10/21/2025 ($343.86 per SqFt)

Repairs:

Roof: Unknown

HVAC: 5 Years Old

Water Heater: Unknown

To submit an offer or set up a viewing please contact Andy at (859) 605-3273 or email andy@rapidfireinvestments.com

Our deals move fast. If you would like to lock the property up, we do accept sight-unseen, no-contingency cash offers.

$2,500 earnest money check required for all buyers.

Title is already open with our preferred partner, Brown & Thompson, PLLC, ensuring a smoother, expedited closing process by working directly with our trusted team.

Realtors, add your fee (whatever you like) and bring us a buyer!

Not interested in this deal? Click here to view our other listings

We are growing our team!

We are hiring! We believe in developing world-class salespeople, investors, and human beings. This is a career, not just a "job." Our people will have the ability to earn really well and invest in their future through real estate.

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Entity Disclosure: Rapid Fire Investments is a DBA of Streamline Realty LLC. Investment Sales Specialists marketing equitable interest in Kentucky are licensed real estate agents, ensuring full compliance with all legislation governing the marketing of assignable interest.
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Questions? I can Help!

Andy KlunderInvestment Sales Specialist

Don’t miss out! To submit an offer or schedule a viewing, contact me now at (859) 605-3273