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
316 Rachel Way Lancaster, KY Price Improvement + Updates \| 3 Bed Ranch on 1 Acre in Garrard County Price just reduced $...	3 beds \| 2 baths \| 1,417 sq.ft.	$289,900	Airbnb cash on cash: 1.07% Traditional cash on cash: 5.31% Airbnb Rental Income: $1296 Traditional Rental Income: $2049 Airbnb ROI: 1.07% Traditional ROI: 5.31%
110 Ridgeway Drive Lancaster, KY Charming 2-bedroom, 1.5-bath brick ranch in the heart of Lancaster! This home features bea...	2 beds \| 2 baths \| 1,136 sq.ft.	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.23% Airbnb Rental Income: $null Traditional Rental Income: $966 Airbnb ROI: N/A Traditional ROI: 4.23%
343 Ronclar Drive Lancaster, KY Tucked away in the coveted No Wake zone of Hidden Point on Herrington Lake, this beautiful...	5 beds \| 4 baths \| 2,900 sq.ft.	$1,200,000	Airbnb cash on cash: -0.43% Traditional cash on cash: 1.52% Airbnb Rental Income: $2241 Traditional Rental Income: $3859 Airbnb ROI: -0.43% Traditional ROI: 1.52%
866 Donmar Drive Lancaster, KY Positioned along the shores of Herrington Lake in Woodlawn Estates, this lakefront retreat...	4 beds \| 4 baths \| 4,085 sq.ft.	$1,200,000	Airbnb cash on cash: -0.71% Traditional cash on cash: 1.68% Airbnb Rental Income: $1867 Traditional Rental Income: $4035 Airbnb ROI: -0.71% Traditional ROI: 1.68%
198 Doolin Way Lancaster, KY If you've been waiting for land, a shop, and water views all in one... this is the one tha...	3 beds \| 2 baths \| 1,368 sq.ft.	$314,900	Airbnb cash on cash: 0.84% Traditional cash on cash: 3.39% Airbnb Rental Income: $1296 Traditional Rental Income: $1646 Airbnb ROI: 0.84% Traditional ROI: 3.39%
2173 Tanyard Branch Road Lancaster, KY Welcome to effortless modern living in this beautifully crafted 3-bedroom, 2 full bath ran...	3 beds \| 2 baths \| 1,500 sq.ft.	$344,900	Airbnb cash on cash: 0.61% Traditional cash on cash: 4.81% Airbnb Rental Income: $1296 Traditional Rental Income: $2251 Airbnb ROI: 0.61% Traditional ROI: 4.81%
4300 Lexington Rd Lancaster, KY Where high-end living meets Kentucky landâprivate acreage, a fully loaded shop, and a ho...	4 beds \| 2 baths \| 2,624 sq.ft.	$749,000	Airbnb cash on cash: -0.03% Traditional cash on cash: 0.89% Airbnb Rental Income: $1867 Traditional Rental Income: $2006 Airbnb ROI: -0.03% Traditional ROI: 0.89%
70 Ashlock Drive Lancaster, KY Welcome home to this beautifully remodeled 4-bedroom, 2-bath modern retreat in one of the ...	4 beds \| 2 baths \| 2,381 sq.ft.	$339,500	Airbnb cash on cash: 2.53% Traditional cash on cash: 3.82% Airbnb Rental Income: $1867 Traditional Rental Income: $1778 Airbnb ROI: 2.53% Traditional ROI: 3.82%
111 Dickerson Court Lancaster, KY Charming 3-bedroom, 1 bath home with many updates and 5.125% assumable loan! Happily situa...	3 beds \| 1 baths \| 952 sq.ft.	$190,000	Airbnb cash on cash: 3.07% Traditional cash on cash: 2.91% Airbnb Rental Income: $1296 Traditional Rental Income: $862 Airbnb ROI: 3.07% Traditional ROI: 2.91%
305 Richmond Road Lancaster, KY Discover a rare Victorian gem in the heart of Lancaster-where small-town charm meets every...	4 beds \| 2 baths \| 2,409 sq.ft.	$249,900	Airbnb cash on cash: 3.55% Traditional cash on cash: 4.96% Airbnb Rental Income: $1867 Traditional Rental Income: $1700 Airbnb ROI: 3.55% Traditional ROI: 4.96%
635 Lakeside Drive Lancaster, KY Check this amazing home and take advantage of the NEW PRICE! Experience the stunning vista...	5 beds \| 4 baths \| 3,104 sq.ft.	$699,900	Airbnb cash on cash: 0.53% Traditional cash on cash: 2.53% Airbnb Rental Income: $2241 Traditional Rental Income: $2984 Airbnb ROI: 0.53% Traditional ROI: 2.53%
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.	$235,999	Airbnb cash on cash: 4.58% Traditional cash on cash: 5.05% Airbnb Rental Income: $1867 Traditional Rental Income: $1472 Airbnb ROI: 4.58% Traditional ROI: 5.05%
2458 High Bridge Road Lancaster, KY Welcome to a truly one-of-a-kind opportunity - an extraordinary 85.5+/- acre gated farm of...	4 beds \| 3 baths \| 3,910 sq.ft.	$999,500	Airbnb cash on cash: 0.22% Traditional cash on cash: 1.89% Airbnb Rental Income: $1867 Traditional Rental Income: $2924 Airbnb ROI: 0.22% Traditional ROI: 1.89%
706 Hunter Drive Lancaster, KY RARE LAKEFRONT OPPORTUNITY WITH SOLAR EFFICIENCY! Discover the perfect blend of sustainabl...	3 beds \| 3 baths \| 3,526 sq.ft.	$620,000	Airbnb cash on cash: 0.24% Traditional cash on cash: 3.12% Airbnb Rental Income: $1296 Traditional Rental Income: $2554 Airbnb ROI: 0.24% Traditional ROI: 3.12%
221 N Homestead Lane Lancaster, KY Seize the opportunity to tour this residence now and benefit from the recent PRICE REDUCTI...	3 beds \| 3 baths \| 2,045 sq.ft.	$465,000	Airbnb cash on cash: 0.32% Traditional cash on cash: 4.73% Airbnb Rental Income: $1296 Traditional Rental Income: $2813 Airbnb ROI: 0.32% Traditional ROI: 4.73%
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.	$789,900	Airbnb cash on cash: -0.16% Traditional cash on cash: 2.16% Airbnb Rental Income: $1867 Traditional Rental Income: $3072 Airbnb ROI: -0.16% Traditional ROI: 2.16%
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.	$649,900	Airbnb cash on cash: 1.28% Traditional cash on cash: 4.7% Airbnb Rental Income: $2241 Traditional Rental Income: $3754 Airbnb ROI: 1.28% Traditional ROI: 4.7%
2280 High Bridge Road Lancaster, KY Brand-new construction ranch home set on a full acre with sweeping views of the countrysid...	3 beds \| 3 baths \| 1,650 sq.ft.	$329,000	Airbnb cash on cash: 1.57% Traditional cash on cash: 6.42% Airbnb Rental Income: $1296 Traditional Rental Income: $2389 Airbnb ROI: 1.57% Traditional ROI: 6.42%
34 Circle Way Lancaster, KY Experience elevated lake living with this exquisitely renovated 3-bedroom, 2-bath residenc...	3 beds \| 2 baths \| 1,620 sq.ft.	$249,900	Airbnb cash on cash: 2.26% Traditional cash on cash: 8.15% Airbnb Rental Income: $1296 Traditional Rental Income: $2281 Airbnb ROI: 2.26% Traditional ROI: 8.15%
910 Hunter Drive Lancaster, KY Lakefront Luxury Meets Golf Course Living - now available in Woodlawn Estate This stunning...	4 beds \| 3 baths \| 3,616 sq.ft.	$799,000	Airbnb cash on cash: 0.35% Traditional cash on cash: 3.2% Airbnb Rental Income: $1867 Traditional Rental Income: $3488 Airbnb ROI: 0.35% Traditional ROI: 3.2%
61 Boones Creek Road Lancaster, KY Looking for a rural setting with easy access to the city? Ta-da! The stunning new home fro...	3 beds \| 2 baths \| 1,640 sq.ft.	$410,300	Airbnb cash on cash: 0.22% Traditional cash on cash: 4.14% Airbnb Rental Income: $1296 Traditional Rental Income: $2397 Airbnb ROI: 0.22% Traditional ROI: 4.14%
1577 Hunter Drive Lancaster, KY Wake up to golf course views and wind down by the lake; this is the kind of lifestyle most...	3 beds \| 2 baths \| 2,312 sq.ft.	$629,000	Airbnb cash on cash: -0.5% Traditional cash on cash: 2.37% Airbnb Rental Income: $1296 Traditional Rental Income: $2574 Airbnb ROI: -0.5% Traditional ROI: 2.37%
535 Twin Lakes Drive Lancaster, KY Welcome to a rare opportunity to own an exceptional property where modern comfort meets se...	4 beds \| 4 baths \| 3,368 sq.ft.	$899,000	Airbnb cash on cash: -0.33% Traditional cash on cash: 3.14% Airbnb Rental Income: $1867 Traditional Rental Income: $4273 Airbnb ROI: -0.33% Traditional ROI: 3.14%
4174 Fall Lick Road Lancaster, KY Situated on approximately 46 acres in a rural Lancaster setting, this custom-built 4-bedro...	4 beds \| 3 baths \| 2,400 sq.ft.	$735,000	Airbnb cash on cash: 0% Traditional cash on cash: 1.8% Airbnb Rental Income: $1867 Traditional Rental Income: $2598 Airbnb ROI: 0% Traditional ROI: 1.8%
722 Bryant'S Camp Road Lancaster, KY This two bedroom, one bathroom lakehouse is all about time well spent on Herrington Lake. ...	2 beds \| 1 baths \| 1,151 sq.ft.	$234,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.13% Airbnb Rental Income: $null Traditional Rental Income: $1805 Airbnb ROI: N/A Traditional ROI: 6.13%
118 Hunter Drive Lancaster, KY Live the lake life you've always imagined in this one-owner ranch-style home on Lake Herri...	3 beds \| 2 baths \| 1,783 sq.ft.	$459,900	Airbnb cash on cash: 0% Traditional cash on cash: 4.08% Airbnb Rental Income: $1296 Traditional Rental Income: $2646 Airbnb ROI: 0% Traditional ROI: 4.08%
125 Arvin Drive Lancaster, KY Welcome home to this beautifully updated 3-bedroom, 1-bath gem offering 1,200 square feet ...	3 beds \| 1 baths \| 1,200 sq.ft.	$180,000	Airbnb cash on cash: 2.81% Traditional cash on cash: 8.08% Airbnb Rental Income: $1296 Traditional Rental Income: $1794 Airbnb ROI: 2.81% Traditional ROI: 8.08%
51 Conns Lane Lancaster, KY Welcome to 51 Conns Lane, a 4,937 square foot estate set on 3 acres where space, freedom, ...	5 beds \| 5 baths \| 4,397 sq.ft.	$624,900	Airbnb cash on cash: 0.86% Traditional cash on cash: 7.25% Airbnb Rental Income: $2241 Traditional Rental Income: $5402 Airbnb ROI: 0.86% Traditional ROI: 7.25%
79 Rilda Ridge Road Lancaster, KY Beautiful new construction home located in Northern Garrard County offering peaceful rural...	4 beds \| 3 baths \| 2,300 sq.ft.	$489,900	Airbnb cash on cash: 0.93% Traditional cash on cash: 4.46% Airbnb Rental Income: $1867 Traditional Rental Income: $2988 Airbnb ROI: 0.93% Traditional ROI: 4.46%
2207 Stanford Street Lancaster, KY You've driven by a hundred times and wondered when it would be for sale. Here it is! Posit...	4 beds \| 2 baths \| 2,100 sq.ft.	$345,000	Airbnb cash on cash: 2.08% Traditional cash on cash: 5.65% Airbnb Rental Income: $1867 Traditional Rental Income: $2525 Airbnb ROI: 2.08% Traditional ROI: 5.65%
157 Estes Drive Lancaster, KY Welcome to this 3 bedroom, 2 bath ADA compliant ranch offering comfort, convenience, and a...	3 beds \| 2 baths \| 1,200 sq.ft.	$239,900	Airbnb cash on cash: 1.67% Traditional cash on cash: 6.24% Airbnb Rental Income: $1296 Traditional Rental Income: $1929 Airbnb ROI: 1.67% Traditional ROI: 6.24%
123 Miles Drive Lancaster, KY Move in ready and waiting for you! This cute ranch on a quiet street has been completely r...	3 beds \| 1 baths \| 1,032 sq.ft.	$180,000	Airbnb cash on cash: 2.81% Traditional cash on cash: 7.29% Airbnb Rental Income: $1296 Traditional Rental Income: $1659 Airbnb ROI: 2.81% Traditional ROI: 7.29%
125 Colony Road Lancaster, KY Check out this nice brick home featuring 3 bedrooms, bath, eat in kitchen, and spacious li...	3 beds \| 1 baths \| 1,276 sq.ft.	$149,900	Airbnb cash on cash: 4.17% Traditional cash on cash: 10.48% Airbnb Rental Income: $1296 Traditional Rental Income: $1797 Airbnb ROI: 4.17% Traditional ROI: 10.48%
597 Herrington Haven Road Lancaster, KY Very nice home offering nearly 3,000 sq ft of living space with 5 bedrooms and 4 full bath...	5 beds \| 4 baths \| 2,955 sq.ft.	$439,900	Airbnb cash on cash: 2% Traditional cash on cash: 6.3% Airbnb Rental Income: $2241 Traditional Rental Income: $3450 Airbnb ROI: 2% Traditional ROI: 6.3%
40 N Ridge Road Lancaster, KY Rare opportunity to own a custom-built barndominium and shop on 4.38 acres just under five...	3 beds \| 2 baths \| 1,802 sq.ft.	$570,000	Airbnb cash on cash: -0.36% Traditional cash on cash: 2.49% Airbnb Rental Income: $1296 Traditional Rental Income: $2405 Airbnb ROI: -0.36% Traditional ROI: 2.49%
54 Burdette Knob Road Lancaster, KY COMMERICAL or RESIDENTIAL? Your choice! Seated on approximately 9.37 acres, this property ...	1 beds \| 1 baths \| 1,680 sq.ft.	$569,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.2% Airbnb Rental Income: $null Traditional Rental Income: $1717 Airbnb ROI: N/A Traditional ROI: 1.2%
761 Tuggle Rd Lancaster, KY Tucked away in North Garrard County, this 5 bedroom, 3 bath home sits on a 1 acre unrestri...	5 beds \| 3 baths \| 2,728 sq.ft.	$415,000	Airbnb cash on cash: 2.58% Traditional cash on cash: 5.46% Airbnb Rental Income: $2241 Traditional Rental Income: $2799 Airbnb ROI: 2.58% Traditional ROI: 5.46%
354 Maupin Road Lancaster, KY Very attractive country home with lots of privacy. Home has 3 bedrooms and one full bath. ...	3 beds \| 1 baths \| 1,288 sq.ft.	$149,900	Airbnb cash on cash: 3.98% Traditional cash on cash: 10.29% Airbnb Rental Income: $1296 Traditional Rental Income: $1796 Airbnb ROI: 3.98% Traditional ROI: 10.29%
106 Pine Hill Drive Lancaster, KY Property Description This spacious all-brick residence offers exceptional versatility ...	3 beds \| 3 baths \| 1,978 sq.ft.	$289,900	Airbnb cash on cash: 1.59% Traditional cash on cash: 7.65% Airbnb Rental Income: $1296 Traditional Rental Income: $2547 Airbnb ROI: 1.59% Traditional ROI: 7.65%
118 Bethany Trace Lancaster, KY Welcome to this stunning new construction 3 Bedroom 2 Bath home featuring durable brick an...	3 beds \| 2 baths \| 1,400 sq.ft.	$319,900	Airbnb cash on cash: 1.62% Traditional cash on cash: 5.84% Airbnb Rental Income: $1296 Traditional Rental Income: $2158 Airbnb ROI: 1.62% Traditional ROI: 5.84%

Real Estate investment in Lancaster, KY

There are 76 properties for sale in the city of Lancaster . The median list price in Lancaster is $349,900 and the average price per square foot is $166. In May 2026, the average monthly cash on cash return in Lancaster is 5.00%. The average monthly rental income in Lancaster is $2,392.

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

There are 76 investment properties available for sale in Lancaster.

In 2026, 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 $2,392.

Your search for investment property begins and ends here

Investment Property for Sale in Lancaster, KY

316 Rachel Way

Lancaster, KY

3 beds | 2 baths | 1,417 sq.ft.

$289,900

Airbnb cash on cash: 1.07%

Traditional cash on cash: 5.31%

Airbnb Rental Income: $1296

Traditional Rental Income: $2049

Airbnb ROI: 1.07%

Traditional ROI: 5.31%

110 Ridgeway Drive

Lancaster, KY

2 beds | 2 baths | 1,136 sq.ft.

$165,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.23%

Airbnb Rental Income: $null

Traditional Rental Income: $966

Airbnb ROI: N/A

Traditional ROI: 4.23%

343 Ronclar Drive

Lancaster, KY

5 beds | 4 baths | 2,900 sq.ft.

$1,200,000

Airbnb cash on cash: -0.43%

Traditional cash on cash: 1.52%

Airbnb Rental Income: $2241

Traditional Rental Income: $3859

Airbnb ROI: -0.43%

Traditional ROI: 1.52%

866 Donmar Drive

Lancaster, KY

4 beds | 4 baths | 4,085 sq.ft.

$1,200,000

Airbnb cash on cash: -0.71%

Traditional cash on cash: 1.68%

Airbnb Rental Income: $1867

Traditional Rental Income: $4035

Airbnb ROI: -0.71%

Traditional ROI: 1.68%

198 Doolin Way

Lancaster, KY

3 beds | 2 baths | 1,368 sq.ft.

$314,900

Airbnb cash on cash: 0.84%

Traditional cash on cash: 3.39%

Airbnb Rental Income: $1296

Traditional Rental Income: $1646

Airbnb ROI: 0.84%

Traditional ROI: 3.39%

2173 Tanyard Branch Road

Lancaster, KY

3 beds | 2 baths | 1,500 sq.ft.

$344,900

Airbnb cash on cash: 0.61%

Traditional cash on cash: 4.81%

Airbnb Rental Income: $1296

Traditional Rental Income: $2251

Airbnb ROI: 0.61%

Traditional ROI: 4.81%

4300 Lexington Rd

Lancaster, KY

4 beds | 2 baths | 2,624 sq.ft.

$749,000

Airbnb cash on cash: -0.03%

Traditional cash on cash: 0.89%

Airbnb Rental Income: $1867

Traditional Rental Income: $2006

Airbnb ROI: -0.03%

Traditional ROI: 0.89%

70 Ashlock Drive

Lancaster, KY

4 beds | 2 baths | 2,381 sq.ft.

$339,500

Airbnb cash on cash: 2.53%

Traditional cash on cash: 3.82%

Airbnb Rental Income: $1867

Traditional Rental Income: $1778

Airbnb ROI: 2.53%