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: N/A Traditional cash on cash: 5.54% Airbnb Rental Income: $null Traditional Rental Income: $2983 Airbnb ROI: N/A Traditional ROI: 5.54%
81 Angela Way Lancaster, KY Contingent with 72-Hour Kick-Out Clause. This stunning North Garrard County home offer...	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%
414 Angela Way Lancaster, KY Beautiful Home in North Garrard County, Located in the desirable Angela's Corner Subdivisi...	3 beds \| N/A baths \| 1,811 sq.ft.	$385,000	Airbnb cash on cash: 0.78% Traditional cash on cash: 4.36% Airbnb Rental Income: $1480 Traditional Rental Income: $2338 Airbnb ROI: 0.78% Traditional ROI: 4.36%
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: 3.18% Traditional cash on cash: 7.51% Airbnb Rental Income: $1480 Traditional Rental Income: $1862 Airbnb ROI: 3.18% Traditional ROI: 7.51%
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: 0.61% Traditional cash on cash: 4.34% Airbnb Rental Income: $1926 Traditional Rental Income: $3421 Airbnb ROI: 0.61% Traditional ROI: 4.34%
198 Doolin Way Lancaster, KY This recently updated 3 bedroom, 2 bath ranch offers peaceful country living just minutes ...	3 beds \| 2 baths \| 1,368 sq.ft.	$319,900	Airbnb cash on cash: 1.31% Traditional cash on cash: 3.31% Airbnb Rental Income: $1480 Traditional Rental Income: $1646 Airbnb ROI: 1.31% Traditional ROI: 3.31%
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: 2.21% Traditional cash on cash: 5.68% Airbnb Rental Income: $1926 Traditional Rental Income: $2704 Airbnb ROI: 2.21% Traditional ROI: 5.68%
422 Thompson Road Lancaster, KY New roof put on 9/19/2025!! Discover the charm of country living in this 3 bedroom, 2 fu...	3 beds \| 2 baths \| 1,163 sq.ft.	$159,900	Airbnb cash on cash: 4.38% Traditional cash on cash: 8.62% Airbnb Rental Income: $1480 Traditional Rental Income: $1693 Airbnb ROI: 4.38% Traditional ROI: 8.62%
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: 3.18% Traditional cash on cash: 5.57% Airbnb Rental Income: $1480 Traditional Rental Income: $1496 Airbnb ROI: 3.18% Traditional ROI: 5.57%
316 Richmond Street Lancaster, KY Beautiful 3 bedroom, 1 Bath home, ready to move into with 2 Garages and a nice backyard. T...	3 beds \| 1 baths \| 1,994 sq.ft.	$300,000	Airbnb cash on cash: 2.08% Traditional cash on cash: 1.71% Airbnb Rental Income: $1480 Traditional Rental Income: $940 Airbnb ROI: 2.08% Traditional ROI: 1.71%
585 Cleo Avenue Lancaster, KY Amazing opportunity to own a one of a kind custom built home in Northern Garrard County. T...	3 beds \| 2 baths \| 1,817 sq.ft.	$399,900	Airbnb cash on cash: 0.68% Traditional cash on cash: 2.74% Airbnb Rental Income: $1480 Traditional Rental Income: $1817 Airbnb ROI: 0.68% Traditional ROI: 2.74%
1187 Danville Road Lancaster, KY PRE-APPROVED ONLY Home WILL QUALIFY. Move right into this WARM and COZY HOME 1.8 miles fro...	3 beds \| 1 baths \| 1,363 sq.ft.	$183,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.1% Airbnb Rental Income: $null Traditional Rental Income: $1982 Airbnb ROI: N/A Traditional ROI: 9.1%
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: 3.52% Traditional cash on cash: 2.38% Airbnb Rental Income: $4732 Traditional Rental Income: $2984 Airbnb ROI: 3.52% 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: 4.7% Traditional cash on cash: 4.95% Airbnb Rental Income: $1926 Traditional Rental Income: $1472 Airbnb ROI: 4.7% Traditional ROI: 4.95%
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 \| N/A baths \| 3,178 sq.ft.	$325,000	Airbnb cash on cash: 2.01% Traditional cash on cash: 8.76% Airbnb Rental Income: $1480 Traditional Rental Income: $3107 Airbnb ROI: 2.01% Traditional ROI: 8.76%
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: 2.1% Traditional cash on cash: 6.51% Airbnb Rental Income: $1480 Traditional Rental Income: $2107 Airbnb ROI: 2.1% 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 \| N/A baths \| 2,422 sq.ft.	$729,900	Airbnb cash on cash: 0.07% Traditional cash on cash: 2.67% Airbnb Rental Income: $1480 Traditional Rental Income: $2809 Airbnb ROI: 0.07% 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: -0.36% Traditional cash on cash: 2.17% Airbnb Rental Income: $1480 Traditional Rental Income: $3391 Airbnb ROI: -0.36% Traditional ROI: 2.17%
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: 0.35% Traditional cash on cash: 2.68% Airbnb Rental Income: $1480 Traditional Rental Income: $2554 Airbnb ROI: 0.35% Traditional ROI: 2.68%
87 Cardinal Circle Lancaster, KY Explore this charming ranch-style residence featuring three bedrooms and two bathrooms, hi...	3 beds \| 2 baths \| 1,596 sq.ft.	$219,900	Airbnb cash on cash: 3.19% Traditional cash on cash: 8.88% Airbnb Rental Income: $1480 Traditional Rental Income: $2230 Airbnb ROI: 3.19% 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%
1133 Bryants Camp Road Lancaster, KY Super nice remodeled lakefront ranch with a beautiful lake view and good lake access. Lake...	3 beds \| 2 baths \| 1,500 sq.ft.	$335,000	Airbnb cash on cash: 1.6% Traditional cash on cash: 5.24% Airbnb Rental Income: $1480 Traditional Rental Income: $2188 Airbnb ROI: 1.6% Traditional ROI: 5.24%
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.	$319,000	Airbnb cash on cash: 2.56% Traditional cash on cash: 6.24% Airbnb Rental Income: $1926 Traditional Rental Income: $2521 Airbnb ROI: 2.56% Traditional ROI: 6.24%
131 Sunrise Drive Lancaster, KY Newly Remodeled Home on 1 Acre- Perfect for Family Living Welcome Home! This beautifully r...	3 beds \| 2 baths \| 1,492 sq.ft.	$269,900	Airbnb cash on cash: 2.32% Traditional cash on cash: 6.92% Airbnb Rental Income: $1480 Traditional Rental Income: $2216 Airbnb ROI: 2.32% Traditional ROI: 6.92%
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: 5.15% Traditional cash on cash: 11.77% Airbnb Rental Income: $1926 Traditional Rental Income: $2666 Airbnb ROI: 5.15% Traditional ROI: 11.77%
136 Pin Oak Drive Lancaster, KY Up to $5,00 Buyer Credit and Home Warranty now available! Credit can be applied to 2/1 Rat...	3 beds \| 2 baths \| 1,815 sq.ft.	$254,900	Airbnb cash on cash: 2.49% Traditional cash on cash: 8.39% Airbnb Rental Income: $1480 Traditional Rental Income: $2466 Airbnb ROI: 2.49% Traditional ROI: 8.39%
197 River Run Drive Lancaster, KY Wonderfully Maintained Large Home in the Beautiful, Conveniently-Located River Run Neighbo...	5 beds \| N/A 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 \| N/A baths \| 3,400 sq.ft.	$475,000	Airbnb cash on cash: 1.71% Traditional cash on cash: 5.34% Airbnb Rental Income: $1926 Traditional Rental Income: $3027 Airbnb ROI: 1.71% Traditional ROI: 5.34%
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.	$339,900	Airbnb cash on cash: 2.29% Traditional cash on cash: 5.22% Airbnb Rental Income: $1926 Traditional Rental Income: $2353 Airbnb ROI: 2.29% Traditional ROI: 5.22%
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.	$465,000	Airbnb cash on cash: 1.67% Traditional cash on cash: 5.19% Airbnb Rental Income: $1926 Traditional Rental Income: $2948 Airbnb ROI: 1.67% 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, 2-bath home with hardwood floors is ready for your personal touch. With some u...	3 beds \| 2 baths \| 1,456 sq.ft.	$184,000	Airbnb cash on cash: 4.02% Traditional cash on cash: 10.95% Airbnb Rental Income: $1480 Traditional Rental Income: $2257 Airbnb ROI: 4.02% Traditional ROI: 10.95%
214 Hunter Drive Lancaster, KY Make your lake house dream a reality with this affordably priced four bedroom, two and a h...	4 beds \| N/A baths \| 2,926 sq.ft.	$499,000	Airbnb cash on cash: 1.34% Traditional cash on cash: 4.99% Airbnb Rental Income: $1926 Traditional Rental Income: $3119 Airbnb ROI: 1.34% Traditional ROI: 4.99%
104 Royalty Drive Lancaster, KY This stunning 4-bedroom, 3-full-bath residence boasts nearly 3000 square feet of living sp...	4 beds \| 3 baths \| 2,900 sq.ft.	$399,000	Airbnb cash on cash: 2.09% Traditional cash on cash: 6.6% Airbnb Rental Income: $1926 Traditional Rental Income: $3106 Airbnb ROI: 2.09% Traditional ROI: 6.6%
105 Walker Lane Lancaster, KY Beautiful new condos on the lake!! Walker Lane Townhomes are the newest place to enjoy Her...	3 beds \| N/A baths \| 1,600 sq.ft.	$359,000	Airbnb cash on cash: 0.56% Traditional cash on cash: 4.93% Airbnb Rental Income: $1480 Traditional Rental Income: $2517 Airbnb ROI: 0.56% Traditional ROI: 4.93%
221 N Homestead Lane Lancaster, KY Check out the absolutely stunning sunsets from this lakefront home! And take in breathtaki...	3 beds \| N/A baths \| 2,045 sq.ft.	$499,000	Airbnb cash on cash: 0.56% Traditional cash on cash: 4.35% Airbnb Rental Income: $1480 Traditional Rental Income: $2813 Airbnb ROI: 0.56% Traditional ROI: 4.35%
119 Hillcrest Avenue Lancaster, KY Professional photos and video coming soon! Welcome to this 3 bedroom 2 full bathroom home ...	3 beds \| 2 baths \| 1,455 sq.ft.	$197,500	Airbnb cash on cash: 3.71% Traditional cash on cash: 10.27% Airbnb Rental Income: $1480 Traditional Rental Income: $2274 Airbnb ROI: 3.71% Traditional ROI: 10.27%
93 Rachel Way Lancaster, KY A little elbow grease = TONS of potential or profit if you are an investor. This amazing h...	3 beds \| 2 baths \| 1,626 sq.ft.	$240,000	Airbnb cash on cash: 2.78% Traditional cash on cash: 8.47% Airbnb Rental Income: $1480 Traditional Rental Income: $2335 Airbnb ROI: 2.78% Traditional ROI: 8.47%
206 Highland Avenue Lancaster, KY Welcome to this delightful 1,432 SF, 2-bedroom, 1 bathroom home thats full of character an...	2 beds \| 1 baths \| 924 sq.ft.	$147,500	Airbnb cash on cash: N/A Traditional cash on cash: 8.66% Airbnb Rental Income: $null Traditional Rental Income: $1497 Airbnb ROI: N/A Traditional ROI: 8.66%

Real Estate investment in Lancaster, KY

There are 66 properties for sale in the city of Lancaster . The median list price in Lancaster is $339,000 and the average price per square foot is $157. In November 2025, the average monthly cash on cash return in Lancaster is 6.00%. The average monthly rental income in Lancaster is $2,492.

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

There are 66 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 $2,492.

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: N/A

Traditional cash on cash: 5.54%

Airbnb Rental Income: $null

Traditional Rental Income: $2983

Airbnb ROI: N/A

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%

414 Angela Way

Lancaster, KY

3 beds | N/A baths | 1,811 sq.ft.

$385,000

Airbnb cash on cash: 0.78%

Traditional cash on cash: 4.36%

Airbnb Rental Income: $1480

Traditional Rental Income: $2338

Airbnb ROI: 0.78%

Traditional ROI: 4.36%

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: 3.18%

Traditional cash on cash: 7.51%

Airbnb Rental Income: $1480

Traditional Rental Income: $1862

Airbnb ROI: 3.18%

Traditional ROI: 7.51%

504 Overlook Drive

Lancaster, KY

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

$575,000

Airbnb cash on cash: 0.61%

Traditional cash on cash: 4.34%

Airbnb Rental Income: $1926

Traditional Rental Income: $3421

Airbnb ROI: 0.61%

Traditional ROI: 4.34%

198 Doolin Way

Lancaster, KY

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

$319,900

Airbnb cash on cash: 1.31%

Traditional cash on cash: 3.31%

Airbnb Rental Income: $1480

Traditional Rental Income: $1646

Airbnb ROI: 1.31%

Traditional ROI: 3.31%

142 Country Lane

Lancaster, KY

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

$395,000

Airbnb cash on cash: 2.21%

Traditional cash on cash: 5.68%

Airbnb Rental Income: $1926

Traditional Rental Income: $2704

Airbnb ROI: 2.21%