Retro 73 Lexington, KY

Property type:Multifamily

The space

  • YOC: 60's/70's - Varies per Building
  • Units: 73
  • In Place NOI: $343,612
  • Proforma NOI: $370,609
  • Occupancy: 94%


Silvestri Real Estate is pleased to present the exclusive listing of Retro 73, a 73-unit multifamily portfolio located in the Gardenside neighborhood of Lexington, Kentucky. The current owners have meticulously maintained the asset for over 7 years. Day one cash flow with rent upside of over $68/unit make this asset the ideal investment.

With their unique eye for design, the sellers have created an asset that consistently outperforms it’s comp set in the submarket.

Please contact us with any questions or for more details.

1573, 1579, 1580, 1585, 1592, 1601, 1643 Alexandria Drive, Lexington, KY 40504


Investment Highlights:

  • With extremely high barriers to entry, the Lexington multifamily market has been a consistently high-performing market for apartment investments.
  • Nearby points of interest include:
    • 0.1 miles to Wolf Run Park
    • 0.6 miles to Cardinal Hill Rehabilitation Hospital
    • 0.7 miles to New Circle Road
    • 2.7 miles to Bluegrass Airport
    • 2.8 miles to Rupp Arena / Central Bank Convention Center
    • 3 miles to Keenland Race Track
    • 3.4 miles to the University of Kentucky (Lexington’s largest employer)
  • In-Unit washer/dryer in 5 of the 7 buildings. The other 2 buildings have community laundry available.
  • Some garage units available.
  • Shingles have all been replaced within the last 5 years.
  • HVAC – Split System – Gas heat / Central air



  • Electricity – Individually Metered and Tenant Paid
  • Water/Sewer – Individually Metered and Tenant Paid (few units are grandfathered in as owner-paid)
  • Gas – Tenant Paid (few units are grandfathered in as owner-paid)
  • Trash – Owner Paid



Contact the Agent

Ken Silvestri

Owner/Principal Broker
Ken Silvestri  has deep roots in Lexington.  As a youngster in the 1960’s he worked at his grandfather’s fruit stand located in downtown. He is the owner and principal broker at Silvestri Real Estate. Ken began his career in residential real estate in 1990. By 1994, he was recognized as one of the top producing agents in the United States at Re/max International.   In 2000, he transitioned to apartment community brokerage. And that is now his Teams specialty.  Their tagline is ‘Single Focus-Multifamily’.    The team has brokered over 8000 apartment units in Lexington with total lifetime sales near one billion dollars. He and his wife Tammy (of 37 years) own apartments in Lexington and have their offices at Goodwin Square. Ken is a board member of Fayette Alliance. Ken is an avid hiker and photographer capturing landscapes from Patagonia to New Zealand. Check out my recent appearance on “Elevate with Tyler Chesser” podcast! E239…