Real Estate Investment Properties for Sale in Lancaster, KY

Looking for investment property in Lancaster, KY with high ROI ?

Explore a variety of short-term homes & houses in Lancaster, KY. Invest wisely with VRBO & Lancaster, KY Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Lancaster, KY

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
172 Sylvan Way Lancaster, KY Discover this stunning 1.5-story home situated on 1.54 acres, offering the perfect blend o...	4 beds \| 3 baths \| 2,855 sq.ft.	$463,000	Airbnb cash on cash: 1% Traditional cash on cash: 5.54% Airbnb Rental Income: $1446 Traditional Rental Income: $2983 Airbnb ROI: 1% Traditional ROI: 5.54%
312 Maupin Road Lancaster, KY	3 beds \| 1 baths \| 1,260 sq.ft.	$189,900	Airbnb cash on cash: 3% Traditional cash on cash: 7.7% Airbnb Rental Income: $1370 Traditional Rental Income: $1802 Airbnb ROI: 3% Traditional ROI: 7.7%
733 Richmond Rd Loop 1 Lancaster, KY TWO Homes on 27 Acres! Multi-Generational Living, Airbnb Income Potential & Homesteading R...	5 beds \| 4 baths \| 2,934 sq.ft.	$725,000	Airbnb cash on cash: 2.82% Traditional cash on cash: 2.99% Airbnb Rental Income: $4130 Traditional Rental Income: $3368 Airbnb ROI: 2.82% Traditional ROI: 2.99%
1922 Fork Church Road Lancaster, KY 3 bed, 2 bath home with wrap around porch in Northern Garrard. This 1-1/2 story home has a...	3 beds \| 2 baths \| 1,816 sq.ft.	$269,900	Airbnb cash on cash: 1.53% Traditional cash on cash: 7.55% Airbnb Rental Income: $1370 Traditional Rental Income: $2486 Airbnb ROI: 1.53% Traditional ROI: 7.55%
107 Sunset Avenue Lancaster, KY Nestled in a well-established subdivision, this cozy 2-bedroom, 1-bath home offers comfort...	2 beds \| 1 baths \| 860 sq.ft.	$130,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.39% Airbnb Rental Income: $null Traditional Rental Income: $1498 Airbnb ROI: N/A Traditional ROI: 9.39%
315 Davis Avenue Lancaster, KY This all-brick, 3 bedroom, 1.5 bath home is recently updated and located on a dead-end str...	3 beds \| 2 baths \| 1,216 sq.ft.	$199,000	Airbnb cash on cash: 2.7% Traditional cash on cash: 7.51% Airbnb Rental Income: $1370 Traditional Rental Income: $1862 Airbnb ROI: 2.7% Traditional ROI: 7.51%
198 Conns Lane Lancaster, KY This updated & well-maintained brick ranch on a partially finished basement offers space, ...	4 beds \| 1 baths \| 1,904 sq.ft.	$249,000	Airbnb cash on cash: 2.07% Traditional cash on cash: 5.97% Airbnb Rental Income: $1446 Traditional Rental Income: $1933 Airbnb ROI: 2.07% Traditional ROI: 5.97%
218 Danville Street Lancaster, KY Completely renovated and packed with upgrades, this 3 bed, 2 bath home offers 1,820sq. ft....	3 beds \| 2 baths \| 1,820 sq.ft.	$255,000	Airbnb cash on cash: 2.47% Traditional cash on cash: 8.34% Airbnb Rental Income: $1370 Traditional Rental Income: $2367 Airbnb ROI: 2.47% Traditional ROI: 8.34%
142 Country Lane Lancaster, KY Fully fenced 1.2 acres with a park like feel. This 2420 square foot home will accommodate ...	4 beds \| 3 baths \| 2,420 sq.ft.	$395,000	Airbnb cash on cash: 1.13% Traditional cash on cash: 5.68% Airbnb Rental Income: $1446 Traditional Rental Income: $2704 Airbnb ROI: 1.13% Traditional ROI: 5.68%
635 Lakeside Drive Lancaster, KY Price Improvement! Check this amazing home and take advantage of the NEW PRICE! Experience...	5 beds \| 4 baths \| 3,104 sq.ft.	$724,900	Airbnb cash on cash: 2.78% Traditional cash on cash: 2.38% Airbnb Rental Income: $4130 Traditional Rental Income: $2984 Airbnb ROI: 2.78% Traditional ROI: 2.38%
1465 Chenault Bridge Road Lancaster, KY This 4 bedroom 2 bath 1 level home with a carport and detached garage on close to an acre ...	4 beds \| 2 baths \| 1,470 sq.ft.	$240,000	Airbnb cash on cash: 2.94% Traditional cash on cash: 4.95% Airbnb Rental Income: $1446 Traditional Rental Income: $1472 Airbnb ROI: 2.94% Traditional ROI: 4.95%
807 Hide Away Cove Road Lancaster, KY Completely Renovated 3-Story Home Near Herrington Lake Experience luxury, space, and conve...	5 beds \| 4 baths \| 4,022 sq.ft.	$399,000	Airbnb cash on cash: 6.59% Traditional cash on cash: 3.82% Airbnb Rental Income: $4130 Traditional Rental Income: $2214 Airbnb ROI: 6.59% Traditional ROI: 3.82%
1810 Kirksville Road Lancaster, KY Log cabin built in the 1700's consisting of 3 bedrooms, formal dining room and 3 fireplace...	3 beds \| 1 baths \| 1,630 sq.ft.	$255,000	Airbnb cash on cash: 1.72% Traditional cash on cash: 6.51% Airbnb Rental Income: $1370 Traditional Rental Income: $2107 Airbnb ROI: 1.72% Traditional ROI: 6.51%
706 Hunter Drive Lancaster, KY Welcome to the perfect spot for lake living! Nestled on Herrington Lake, this beautiful ho...	3 beds \| 3 baths \| 3,608 sq.ft.	$695,000	Airbnb cash on cash: 0.21% Traditional cash on cash: 2.68% Airbnb Rental Income: $1370 Traditional Rental Income: $2554 Airbnb ROI: 0.21% Traditional ROI: 2.68%
273 Hidden Hills Road Lancaster, KY Completely remodeled modern home with approx. 1,344 sq ft on the main level PLUS approx. 1...	4 beds \| 3 baths \| 2,448 sq.ft.	$299,000	Airbnb cash on cash: 2.04% Traditional cash on cash: 8.87% Airbnb Rental Income: $1446 Traditional Rental Income: $2937 Airbnb ROI: 2.04% Traditional ROI: 8.87%
306 Richmond Street Lancaster, KY Charming 1945 Home with Updates and Bonus Space! This is a classic 1945 home full of chara...	2 beds \| 1 baths \| 1,620 sq.ft.	$229,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.82% Airbnb Rental Income: $null Traditional Rental Income: $1848 Airbnb ROI: N/A Traditional ROI: 6.82%
1133 Bryants Camp Road Lancaster, KY Super nice remodeled furnished lakefront ranch with a beautiful lake view and good lake ac...	3 beds \| 2 baths \| 1,500 sq.ft.	$329,999	Airbnb cash on cash: 1.35% Traditional cash on cash: 5.33% Airbnb Rental Income: $1370 Traditional Rental Income: $2188 Airbnb ROI: 1.35% Traditional ROI: 5.33%
136 Country Lane Lancaster, KY Come and check out the comfort, convenience, and space in this beautifully maintained 3-be...	4 beds \| 3 baths \| 1,815 sq.ft.	$309,000	Airbnb cash on cash: 1.32% Traditional cash on cash: 6.5% Airbnb Rental Income: $1446 Traditional Rental Income: $2521 Airbnb ROI: 1.32% Traditional ROI: 6.5%
136 Pin Oak Drive Lancaster, KY Step into comfort and character with this inviting, 3 Bedroom 2 Bath Brick home nestled in...	3 beds \| 2 baths \| 1,815 sq.ft.	$239,900	Airbnb cash on cash: 2.3% Traditional cash on cash: 8.97% Airbnb Rental Income: $1370 Traditional Rental Income: $2466 Airbnb ROI: 2.3% Traditional ROI: 8.97%
197 River Run Drive Lancaster, KY Wonderfully Maintained Large Home in the Beautiful, Conveniently-Located River Run Neighbo...	5 beds \| 4 baths \| 3,750 sq.ft.	$579,000	Airbnb cash on cash: 4.47% Traditional cash on cash: 5.18% Airbnb Rental Income: $4130 Traditional Rental Income: $3634 Airbnb ROI: 4.47% Traditional ROI: 5.18%
1439 Stanford Street Lancaster, KY This historic property at 1439 Stanford Rd. in Lancaster, KY, was built in 1827 and boasts...	4 beds \| 2 baths \| 3,400 sq.ft.	$460,000	Airbnb cash on cash: 0.87% Traditional cash on cash: 5.54% Airbnb Rental Income: $1446 Traditional Rental Income: $3027 Airbnb ROI: 0.87% Traditional ROI: 5.54%
408 Herrington Haven Road Lancaster, KY Priced far below recent appraisal!!! This is the perfect getaway! This charming cabin-styl...	4 beds \| 3 baths \| 2,891 sq.ft.	$465,000	Airbnb cash on cash: 0.76% Traditional cash on cash: 5.19% Airbnb Rental Income: $1446 Traditional Rental Income: $2948 Airbnb ROI: 0.76% Traditional ROI: 5.19%
169 Kennedy Lane Lancaster, KY Hot fun in the Summertime! Only minutes from Lexington at Herrington Lake, this thirteen y...	2 beds \| 3 baths \| 2,015 sq.ft.	$450,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.2% Airbnb Rental Income: $null Traditional Rental Income: $2644 Airbnb ROI: N/A Traditional ROI: 4.2%
123 Hill-n-Dale Drive Lancaster, KY This 3-bed, 1-bath home with hardwood floors is ready for your personal touch. With some u...	3 beds \| 1 baths \| 1,456 sq.ft.	$184,000	Airbnb cash on cash: 3.5% Traditional cash on cash: 10.95% Airbnb Rental Income: $1370 Traditional Rental Income: $2257 Airbnb ROI: 3.5% Traditional ROI: 10.95%
221 N Homestead Lane Lancaster, KY Take advantage of the price improvement and make this your "Home for the Holidays!" Check ...	3 beds \| 2 baths \| 2,045 sq.ft.	$479,900	Airbnb cash on cash: 0.41% Traditional cash on cash: 4.56% Airbnb Rental Income: $1370 Traditional Rental Income: $2813 Airbnb ROI: 0.41% Traditional ROI: 4.56%
115 Pin Oak Drive Lancaster, KY MUST SEE!! This 3 bedroom, 2 bathroom home is located in a nice, quiet neighborhood. Move ...	3 beds \| 2 baths \| 1,595 sq.ft.	$234,900	Airbnb cash on cash: 2.46% Traditional cash on cash: 8.93% Airbnb Rental Income: $1370 Traditional Rental Income: $2389 Airbnb ROI: 2.46% Traditional ROI: 8.93%
119 Clay Avenue Lancaster, KY A quiet serenity in the Daycrest neighborhood. Beautiful views! and MOVE-IN ready! This ho...	3 beds \| 2 baths \| 2,220 sq.ft.	$409,000	Airbnb cash on cash: 0.84% Traditional cash on cash: 5.26% Airbnb Rental Income: $1370 Traditional Rental Income: $2648 Airbnb ROI: 0.84% Traditional ROI: 5.26%
47 Hills Lane Lancaster, KY Discover stunning vistas and exceptional craftsmanship in this newly built modern farmhous...	4 beds \| 3 baths \| 3,100 sq.ft.	$799,900	Airbnb cash on cash: -0.65% Traditional cash on cash: 2.11% Airbnb Rental Income: $1446 Traditional Rental Income: $3072 Airbnb ROI: -0.65% Traditional ROI: 2.11%
339 Deer Run Lancaster, KY Welcome to this beautiful 3 bedroom, 2 bathroom home located in Deer Run Subdivision. This...	3 beds \| 2 baths \| 1,537 sq.ft.	$284,900	Airbnb cash on cash: 1.35% Traditional cash on cash: 6.29% Airbnb Rental Income: $1370 Traditional Rental Income: $2278 Airbnb ROI: 1.35% Traditional ROI: 6.29%
1874 Old Danville Road Lancaster, KY NEW PRICE + BUYER CREDIT!! The distinct craftmanship of this 4 bedroom 3 full bath home in...	4 beds \| 3 baths \| 3,074 sq.ft.	$379,900	Airbnb cash on cash: 0.74% Traditional cash on cash: 6.3% Airbnb Rental Income: $1446 Traditional Rental Income: $2997 Airbnb ROI: 0.74% Traditional ROI: 6.3%
1548 High Bridge Road Lancaster, KY Welcome home to your personal slice of picturesque Kentucky countryside! Centrally located...	5 beds \| 3 baths \| 2,741 sq.ft.	$549,900	Airbnb cash on cash: 4.3% Traditional cash on cash: 3.58% Airbnb Rental Income: $4130 Traditional Rental Income: $2887 Airbnb ROI: 4.3% Traditional ROI: 3.58%
130 Kay Avenue Lancaster, KY Spacious, functional, and full of potential-this 5-bedroom home is perfectly situated at t...	5 beds \| 3 baths \| 4,705 sq.ft.	$650,000	Airbnb cash on cash: 3.87% Traditional cash on cash: 4.7% Airbnb Rental Income: $4130 Traditional Rental Income: $3754 Airbnb ROI: 3.87% Traditional ROI: 4.7%
24 Cedarwood Drive Lancaster, KY Welcome to 24 Cedarwood Dr! This adorable all-brick home is full of updates and charm. Ste...	3 beds \| 1 baths \| 1,102 sq.ft.	$179,900	Airbnb cash on cash: 3.43% Traditional cash on cash: 8.44% Airbnb Rental Income: $1370 Traditional Rental Income: $1811 Airbnb ROI: 3.43% Traditional ROI: 8.44%
254 Deer Path Lancaster, KY Well kept lakefront cabin located on the small private lake in Hidden Valley, northern Gar...	2 beds \| 3 baths \| 2,214 sq.ft.	$408,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.55% Airbnb Rental Income: $null Traditional Rental Income: $3012 Airbnb ROI: N/A Traditional ROI: 5.55%
110 Pin Oak Drive Lancaster, KY Welcome to this beautiful 3-bedroom, 2-bath brick home located in a sought-after neighborh...	3 beds \| 2 baths \| 1,644 sq.ft.	$255,000	Airbnb cash on cash: 2.06% Traditional cash on cash: 7.93% Airbnb Rental Income: $1370 Traditional Rental Income: $2366 Airbnb ROI: 2.06% Traditional ROI: 7.93%
527 Settlement Drive Lancaster, KY Nestled in a quiet, picturesque neighborhood that backs up to a serene creek and open farm...	3 beds \| 3 baths \| 2,412 sq.ft.	$635,000	Airbnb cash on cash: 0.11% Traditional cash on cash: 3.44% Airbnb Rental Income: $1370 Traditional Rental Income: $2927 Airbnb ROI: 0.11% Traditional ROI: 3.44%
146 S Homestead Lane Lancaster, KY Are you seeking a residence overlooking Herrington Lake? This property may be the ideal ch...	3 beds \| 4 baths \| 2,100 sq.ft.	$489,000	Airbnb cash on cash: 0.44% Traditional cash on cash: 5.91% Airbnb Rental Income: $1370 Traditional Rental Income: $3452 Airbnb ROI: 0.44% Traditional ROI: 5.91%
229 Estes Drive Lancaster, KY This well maintained 3-bedroom 1.5-bathroom brick ranch offers comfort, convenience, and i...	3 beds \| 2 baths \| 1,272 sq.ft.	$195,000	Airbnb cash on cash: 3.15% Traditional cash on cash: 9.02% Airbnb Rental Income: $1370 Traditional Rental Income: $2040 Airbnb ROI: 3.15% Traditional ROI: 9.02%
1168 Nina Ridge Road Lancaster, KY Bring your chickens, goats and green thumb to make this small farm your own. With close to...	2 beds \| 1 baths \| 828 sq.ft.	$199,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.9% Airbnb Rental Income: $null Traditional Rental Income: $1505 Airbnb ROI: N/A Traditional ROI: 5.9%
178 Sylvan Way Lancaster, KY Accepted offer with 72 hour kick out in place - Beautiful 5 Bedroom Cape Cod with Full In-...	5 beds \| 4 baths \| 3,804 sq.ft.	$475,000	Airbnb cash on cash: 5.57% Traditional cash on cash: 3.98% Airbnb Rental Income: $4130 Traditional Rental Income: $2545 Airbnb ROI: 5.57% Traditional ROI: 3.98%

Real Estate investment in Lancaster, KY

There are 56 properties for sale in the city of Lancaster . The median list price in Lancaster is $309,000 and the average price per square foot is $143. In December 2025, the average monthly cash on cash return in Lancaster is 6.00%. The average monthly rental income in Lancaster is $2,466.

Lancaster, KY Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 56 investment properties available for sale in Lancaster.

In 2025, the best neighborhood to buy investment property is Lancaster.

The ROI for Long-Term is higher than the Short-Term in Lancaster with average rental income of $2,466.

Your search for investment property begins and ends here

Investment Property for Sale in Lancaster, KY

172 Sylvan Way

Lancaster, KY

4 beds | 3 baths | 2,855 sq.ft.

$463,000

Airbnb cash on cash: 1%

Traditional cash on cash: 5.54%

Airbnb Rental Income: $1446

Traditional Rental Income: $2983

Airbnb ROI: 1%

Traditional ROI: 5.54%

312 Maupin Road

Lancaster, KY

3 beds | 1 baths | 1,260 sq.ft.

$189,900

Airbnb cash on cash: 3%

Traditional cash on cash: 7.7%

Airbnb Rental Income: $1370

Traditional Rental Income: $1802

Airbnb ROI: 3%

Traditional ROI: 7.7%

733 Richmond Rd Loop 1

Lancaster, KY

5 beds | 4 baths | 2,934 sq.ft.

$725,000

Airbnb cash on cash: 2.82%

Traditional cash on cash: 2.99%

Airbnb Rental Income: $4130

Traditional Rental Income: $3368

Airbnb ROI: 2.82%

Traditional ROI: 2.99%

1922 Fork Church Road

Lancaster, KY

3 beds | 2 baths | 1,816 sq.ft.

$269,900

Airbnb cash on cash: 1.53%

Traditional cash on cash: 7.55%

Airbnb Rental Income: $1370

Traditional Rental Income: $2486

Airbnb ROI: 1.53%

Traditional ROI: 7.55%

107 Sunset Avenue

Lancaster, KY

2 beds | 1 baths | 860 sq.ft.

$130,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.39%

Airbnb Rental Income: $null

Traditional Rental Income: $1498

Airbnb ROI: N/A

Traditional ROI: 9.39%

315 Davis Avenue

Lancaster, KY

3 beds | 2 baths | 1,216 sq.ft.

$199,000

Airbnb cash on cash: 2.7%

Traditional cash on cash: 7.51%

Airbnb Rental Income: $1370

Traditional Rental Income: $1862

Airbnb ROI: 2.7%

Traditional ROI: 7.51%

198 Conns Lane

Lancaster, KY

4 beds | 1 baths | 1,904 sq.ft.

$249,000

Airbnb cash on cash: 2.07%

Traditional cash on cash: 5.97%

Airbnb Rental Income: $1446

Traditional Rental Income: $1933

Airbnb ROI: 2.07%

Traditional ROI: 5.97%

218 Danville Street

Lancaster, KY

3 beds | 2 baths | 1,820 sq.ft.

$255,000

Airbnb cash on cash: 2.47%

Traditional cash on cash: 8.34%

Airbnb Rental Income: $1370

Traditional Rental Income: $2367

Airbnb ROI: 2.47%