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: 2.6% Traditional cash on cash: 5.54% Airbnb Rental Income: $2276 Traditional Rental Income: $2983 Airbnb ROI: 2.6% Traditional ROI: 5.54%
81 Angela Way Lancaster, KY Motivated sellers! This stunning North Garrard County home offers over 3,000 sq. ft. of we...	5 beds \| 3 baths \| 3,100 sq.ft.	$489,900	Airbnb cash on cash: 6.14% Traditional cash on cash: 4.47% Airbnb Rental Income: $4732 Traditional Rental Income: $2991 Airbnb ROI: 6.14% Traditional ROI: 4.47%
109 Edwards Court Lancaster, KY Welcome home to this stunning two-story home with attached two car garage that is situated...	4 beds \| 3 baths \| 2,728 sq.ft.	$409,000	Airbnb cash on cash: 2.36% Traditional cash on cash: 5.84% Airbnb Rental Income: $2276 Traditional Rental Income: $3042 Airbnb ROI: 2.36% Traditional ROI: 5.84%
17 Filly Way Lancaster, KY Immaculate Brick Ranch Home on 1.033 Corner Acre Lot!!! This wonderful home has been well...	3 beds \| 2 baths \| 1,420 sq.ft.	$305,000	Airbnb cash on cash: 0.85% Traditional cash on cash: 5.11% Airbnb Rental Income: $1269 Traditional Rental Income: $2092 Airbnb ROI: 0.85% Traditional ROI: 5.11%
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: 1.2% Traditional cash on cash: 7.55% Airbnb Rental Income: $1269 Traditional Rental Income: $2486 Airbnb ROI: 1.2% Traditional ROI: 7.55%
414 Angela Way Lancaster, KY Beautiful Home in North Garrard County, Located in the desirable Angela's Corner Subdivisi...	3 beds \| 3 baths \| 1,811 sq.ft.	$389,900	Airbnb cash on cash: 0.27% Traditional cash on cash: 4.29% Airbnb Rental Income: $1269 Traditional Rental Income: $2338 Airbnb ROI: 0.27% Traditional ROI: 4.29%
395 Delbar Lane Lancaster, KY WANTED: Move-In ready COTTAGE farmhouse with a fenced backyard, a new "SHE-SHED", a new MO...	3 beds \| 2 baths \| 1,480 sq.ft.	$329,900	Airbnb cash on cash: 0.65% Traditional cash on cash: 5.01% Airbnb Rental Income: $1269 Traditional Rental Income: $2221 Airbnb ROI: 0.65% Traditional ROI: 5.01%
504 Overlook Drive Lancaster, KY Imagine yourself in this stunning 4-bedroom, 3.5-bath Lake Front Home. Open-concept layout...	4 beds \| 4 baths \| 3,100 sq.ft.	$575,000	Airbnb cash on cash: 1.15% Traditional cash on cash: 4.34% Airbnb Rental Income: $2276 Traditional Rental Income: $3421 Airbnb ROI: 1.15% Traditional ROI: 4.34%
118 Meadow View Drive Lancaster, KY Beautiful split foyer with luxury vinyl plank flooring throughout for easy maintenance and...	4 beds \| 3 baths \| 2,200 sq.ft.	$375,000	Airbnb cash on cash: 2.73% Traditional cash on cash: 5.7% Airbnb Rental Income: $2276 Traditional Rental Income: $2752 Airbnb ROI: 2.73% Traditional ROI: 5.7%
663 Clark Road Lancaster, KY This stunning all-brick custom ranch sits on 5.65 acres at the end of a quiet cul-de-sac, ...	4 beds \| 3 baths \| 3,680 sq.ft.	$599,000	Airbnb cash on cash: 1.03% Traditional cash on cash: 3.27% Airbnb Rental Income: $2276 Traditional Rental Income: $2957 Airbnb ROI: 1.03% Traditional ROI: 3.27%
1794 Hunter Drive Lancaster, KY AMAZING WATERFRONT PROPERTY!!! This fabulous home sits above the lake with gorgeous lake f...	4 beds \| 3 baths \| 3,800 sq.ft.	$749,900	Airbnb cash on cash: 0.93% Traditional cash on cash: 2.79% Airbnb Rental Income: $2276 Traditional Rental Income: $3008 Airbnb ROI: 0.93% Traditional ROI: 2.79%
111 Hagan Court Lancaster, KY Charming 3-Bedroom Ranch in the Heart of Lancaster - Perfect Starter Home or Downsizer! ...	3 beds \| 2 baths \| 1,568 sq.ft.	$215,000	Airbnb cash on cash: 2.47% Traditional cash on cash: 9.49% Airbnb Rental Income: $1269 Traditional Rental Income: $2300 Airbnb ROI: 2.47% Traditional ROI: 9.49%
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.	$399,000	Airbnb cash on cash: 2.95% Traditional cash on cash: 5.62% Airbnb Rental Income: $2276 Traditional Rental Income: $2704 Airbnb ROI: 2.95% Traditional ROI: 5.62%
103 Scenic View Drive Lancaster, KY 3 bed, 2 bath ranch in Lancaster! This move-in ready home features 1,404 sq ft of finished...	3 beds \| 2 baths \| 1,404 sq.ft.	$199,000	Airbnb cash on cash: 2.25% Traditional cash on cash: 5.57% Airbnb Rental Income: $1269 Traditional Rental Income: $1496 Airbnb ROI: 2.25% Traditional ROI: 5.57%
1187 Danville Road Lancaster, KY MOTIVATED SELLER!...Va/Fha/CASH/Conv. Pre-approved ONLY (Home WILL QUALIFY). Move right in...	3 beds \| 1 baths \| 1,363 sq.ft.	$197,500	Airbnb cash on cash: 2.48% Traditional cash on cash: 8.42% Airbnb Rental Income: $1269 Traditional Rental Income: $1982 Airbnb ROI: 2.48% Traditional ROI: 8.42%
635 Lakeside Drive Lancaster, KY Price Improvement! Check this amazing home and take advantage of the NEW PRICE! Experienc...	5 beds \| 4 baths \| 3,104 sq.ft.	$724,900	Airbnb cash on cash: 3.52% Traditional cash on cash: 2.38% Airbnb Rental Income: $4732 Traditional Rental Income: $2984 Airbnb ROI: 3.52% Traditional ROI: 2.38%
437 Boones Creek Road Lancaster, KY Be the first to live in this elegant, new construction conveniently located a 1/2 mile fro...	4 beds \| 2 baths \| 1,869 sq.ft.	$389,900	Airbnb cash on cash: 2.56% Traditional cash on cash: 4.53% Airbnb Rental Income: $2276 Traditional Rental Income: $2425 Airbnb ROI: 2.56% Traditional ROI: 4.53%
1141 Danville Road Lancaster, KY Discover your dream home on this picturesque 0.086-acre lot with over 3,400 square feet of...	3 beds \| 3 baths \| 3,178 sq.ft.	$350,000	Airbnb cash on cash: 1.26% Traditional cash on cash: 8.07% Airbnb Rental Income: $1269 Traditional Rental Income: $3107 Airbnb ROI: 1.26% Traditional ROI: 8.07%
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: 1.37% Traditional cash on cash: 6.51% Airbnb Rental Income: $1269 Traditional Rental Income: $2107 Airbnb ROI: 1.37% Traditional ROI: 6.51%
472 Hunter Drive Lancaster, KY Click on the Virtual Tour section to see the video walk through! Amazing Views of the wate...	3 beds \| 3 baths \| 2,422 sq.ft.	$729,900	Airbnb cash on cash: -0.18% Traditional cash on cash: 2.67% Airbnb Rental Income: $1269 Traditional Rental Income: $2809 Airbnb ROI: -0.18% Traditional ROI: 2.67%
68 Meadow Point Drive Lancaster, KY GREAT LAKE ACCESS!!! Indulge in unparalleled luxury with this newly-built 2023 home on Her...	3 beds \| 4 baths \| 3,986 sq.ft.	$999,000	Airbnb cash on cash: -0.54% Traditional cash on cash: 2.17% Airbnb Rental Income: $1269 Traditional Rental Income: $3391 Airbnb ROI: -0.54% Traditional ROI: 2.17%
2567 Kennedy Bridge Road Lancaster, KY Welcome to this historical home! Located just a 12-minute drive to Peninsula Golf Resort, ...	3 beds \| 1 baths \| 1,876 sq.ft.	$245,000	Airbnb cash on cash: 1.5% Traditional cash on cash: 6.96% Airbnb Rental Income: $1269 Traditional Rental Income: $2133 Airbnb ROI: 1.5% Traditional ROI: 6.96%
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: 0.08% Traditional cash on cash: 2.68% Airbnb Rental Income: $1269 Traditional Rental Income: $2554 Airbnb ROI: 0.08% Traditional ROI: 2.68%
87 Cardinal Circle Lancaster, KY Explore this charming ranch-style residence featuring three bedrooms and two bathrooms, ...	3 beds \| 2 baths \| 1,596 sq.ft.	$219,900	Airbnb cash on cash: 2.34% Traditional cash on cash: 8.88% Airbnb Rental Income: $1269 Traditional Rental Income: $2230 Airbnb ROI: 2.34% Traditional ROI: 8.88%
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%
4280 Lexington Road Lancaster, KY Welcome to your personal oasis, where elegance meets tranquility. This stunning proper...	5 beds \| 5 baths \| 6,068 sq.ft.	$2,490,000	Airbnb cash on cash: -0.27% Traditional cash on cash: 0.21% Airbnb Rental Income: $4732 Traditional Rental Income: $4866 Airbnb ROI: -0.27% Traditional ROI: 0.21%
1133 Bryants Camp Road Lancaster, KY Super nice remodeled lakefront ranch with a beautiful lake view and good lake access. Lak...	3 beds \| 2 baths \| 1,500 sq.ft.	$355,000	Airbnb cash on cash: 0.93% Traditional cash on cash: 4.89% Airbnb Rental Income: $1269 Traditional Rental Income: $2188 Airbnb ROI: 0.93% Traditional ROI: 4.89%
557 Danville Street Lancaster, KY Welcome home to this beautiful one story home, in a convenient location and walking distan...	3 beds \| 2 baths \| 1,728 sq.ft.	$216,000	Airbnb cash on cash: 2.59% Traditional cash on cash: 9.53% Airbnb Rental Income: $1269 Traditional Rental Income: $2290 Airbnb ROI: 2.59% Traditional ROI: 9.53%
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.	$329,000	Airbnb cash on cash: 3.37% Traditional cash on cash: 6% Airbnb Rental Income: $2276 Traditional Rental Income: $2521 Airbnb ROI: 3.37% Traditional ROI: 6%
107 Villa Drive Lancaster, KY Located on the 16th fairway of the Peninsula Golf Resort, this beautifully updated townhom...	2 beds \| 2 baths \| 1,325 sq.ft.	$259,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.92% Airbnb Rental Income: $null Traditional Rental Income: $2000 Airbnb ROI: N/A Traditional ROI: 5.92%
202 W Maple Avenue Lancaster, KY This 1869-built 4-bedroom, 2-bath home is ready for a new vision. Offering over a century ...	4 beds \| 2 baths \| 3,146 sq.ft.	$199,000	Airbnb cash on cash: 6.69% Traditional cash on cash: 11.77% Airbnb Rental Income: $2276 Traditional Rental Income: $2666 Airbnb ROI: 6.69% Traditional ROI: 11.77%
136 Pin Oak Drive Lancaster, KY Charming ranch in Maplewood Subdivision now available! Enjoy the quiet neighborhood with ...	3 beds \| 2 baths \| 1,815 sq.ft.	$259,900	Airbnb cash on cash: 1.7% Traditional cash on cash: 8.22% Airbnb Rental Income: $1269 Traditional Rental Income: $2466 Airbnb ROI: 1.7% Traditional ROI: 8.22%
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: 5.4% Traditional cash on cash: 5.18% Airbnb Rental Income: $4732 Traditional Rental Income: $3634 Airbnb ROI: 5.4% 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 \| 3 baths \| 3,400 sq.ft.	$499,000	Airbnb cash on cash: 2.21% Traditional cash on cash: 5.04% Airbnb Rental Income: $2276 Traditional Rental Income: $3027 Airbnb ROI: 2.21% Traditional ROI: 5.04%
1648 Burdette Knob Road Lancaster, KY Discover the perfect blend of rustic charm and modern convenience - on just over an acre o...	1 beds \| 2 baths \| 1,585 sq.ft.	$315,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.68% Airbnb Rental Income: $null Traditional Rental Income: $2177 Airbnb ROI: N/A Traditional ROI: 5.68%
124 Rilda Ridge Road Lancaster, KY Welcome to Ma Rilda Estates, Garrard County's newest residential community! This beautiful...	4 beds \| 2 baths \| 1,623 sq.ft.	$350,000	Airbnb cash on cash: 3.06% Traditional cash on cash: 5.02% Airbnb Rental Income: $2276 Traditional Rental Income: $2353 Airbnb ROI: 3.06% Traditional ROI: 5.02%
408 Herrington Haven Road Lancaster, KY This is the perfect getaway! This charming cabin-style waterfront home offers breathtaking...	4 beds \| 3 baths \| 2,891 sq.ft.	$475,000	Airbnb cash on cash: 2.28% Traditional cash on cash: 5.07% Airbnb Rental Income: $2276 Traditional Rental Income: $2948 Airbnb ROI: 2.28% Traditional ROI: 5.07%
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%
407 Autumn Drive Lancaster, KY Spacious Updated Country Home â Room to Spare. Nestled at the end of a quiet, dead&#8209...	3 beds \| 3 baths \| 2,642 sq.ft.	$419,000	Airbnb cash on cash: 0.48% Traditional cash on cash: 5.93% Airbnb Rental Income: $1269 Traditional Rental Income: $3005 Airbnb ROI: 0.48% Traditional ROI: 5.93%
1835 Pollys Bend Road Lancaster, KY Check out this 2022 manufactured home sitting on 1.2 acres in northern Garrard County. Wit...	3 beds \| 2 baths \| 1,456 sq.ft.	$209,900	Airbnb cash on cash: 2.81% Traditional cash on cash: 9.46% Airbnb Rental Income: $1269 Traditional Rental Income: $2193 Airbnb ROI: 2.81% Traditional ROI: 9.46%

Real Estate investment in Lancaster, KY

There are 72 properties for sale in the city of Lancaster . The median list price in Lancaster is $355,000 and the average price per square foot is $159. In September 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 72 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: 2.6%

Traditional cash on cash: 5.54%

Airbnb Rental Income: $2276

Traditional Rental Income: $2983

Airbnb ROI: 2.6%

Traditional ROI: 5.54%

81 Angela Way

Lancaster, KY

5 beds | 3 baths | 3,100 sq.ft.

$489,900

Airbnb cash on cash: 6.14%

Traditional cash on cash: 4.47%

Airbnb Rental Income: $4732

Traditional Rental Income: $2991

Airbnb ROI: 6.14%

Traditional ROI: 4.47%

109 Edwards Court

Lancaster, KY

4 beds | 3 baths | 2,728 sq.ft.

$409,000

Airbnb cash on cash: 2.36%

Traditional cash on cash: 5.84%

Airbnb Rental Income: $2276

Traditional Rental Income: $3042

Airbnb ROI: 2.36%

Traditional ROI: 5.84%

17 Filly Way

Lancaster, KY

3 beds | 2 baths | 1,420 sq.ft.

$305,000

Airbnb cash on cash: 0.85%

Traditional cash on cash: 5.11%

Airbnb Rental Income: $1269

Traditional Rental Income: $2092

Airbnb ROI: 0.85%

Traditional ROI: 5.11%

1922 Fork Church Road

Lancaster, KY

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

$269,900

Airbnb cash on cash: 1.2%

Traditional cash on cash: 7.55%

Airbnb Rental Income: $1269

Traditional Rental Income: $2486

Airbnb ROI: 1.2%

Traditional ROI: 7.55%

414 Angela Way

Lancaster, KY

3 beds | 3 baths | 1,811 sq.ft.

$389,900

Airbnb cash on cash: 0.27%

Traditional cash on cash: 4.29%

Airbnb Rental Income: $1269

Traditional Rental Income: $2338

Airbnb ROI: 0.27%

Traditional ROI: 4.29%

395 Delbar Lane

Lancaster, KY

3 beds | 2 baths | 1,480 sq.ft.

$329,900

Airbnb cash on cash: 0.65%

Traditional cash on cash: 5.01%

Airbnb Rental Income: $1269

Traditional Rental Income: $2221

Airbnb ROI: 0.65%

Traditional ROI: 5.01%

504 Overlook Drive

Lancaster, KY

4 beds | 4 baths | 3,100 sq.ft.

$575,000

Airbnb cash on cash: 1.15%

Traditional cash on cash: 4.34%

Airbnb Rental Income: $2276

Traditional Rental Income: $3421

Airbnb ROI: 1.15%