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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
143 Deer Run Lancaster, KY Beautiful 4-bedroom, 2-bath home offering a functional and flexible floor plan. The home f...	4 beds \| 2 baths \| 1,670 sq.ft.	$314,900	Airbnb cash on cash: 2.35% Traditional cash on cash: 5.96% Airbnb Rental Income: $1833 Traditional Rental Income: $2407 Airbnb ROI: 2.35% Traditional ROI: 5.96%
367 Ronclar Drive Lancaster, KY Welcome to your lakefront retreat! This beautifully maintained 3-bedroom, 2.5-bath home is...	3 beds \| 3 baths \| 2,657 sq.ft.	$875,000	Airbnb cash on cash: 0.03% Traditional cash on cash: 3.01% Airbnb Rental Income: $1409 Traditional Rental Income: $3412 Airbnb ROI: 0.03% Traditional ROI: 3.01%
143 Royalty Drive Lancaster, KY If you viewed this home when it was previously on the market, maybe add it back to the lis...	5 beds \| 4 baths \| 3,080 sq.ft.	$655,000	Airbnb cash on cash: 1.52% Traditional cash on cash: 3.93% Airbnb Rental Income: $2813 Traditional Rental Income: $3630 Airbnb ROI: 1.52% Traditional ROI: 3.93%
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: -0.74% Traditional cash on cash: 1.68% Airbnb Rental Income: $1833 Traditional Rental Income: $4035 Airbnb ROI: -0.74% 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.	$309,900	Airbnb cash on cash: 1.21% Traditional cash on cash: 3.47% Airbnb Rental Income: $1409 Traditional Rental Income: $1646 Airbnb ROI: 1.21% Traditional ROI: 3.47%
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.	$329,500	Airbnb cash on cash: 2.54% Traditional cash on cash: 3.96% Airbnb Rental Income: $1833 Traditional Rental Income: $1778 Airbnb ROI: 2.54% Traditional ROI: 3.96%
143 Rolling Meadows Drive Lancaster, KY Cozy ranch home located in northern Garrard county. This property offers country living wi...	3 beds \| 2 baths \| 1,365 sq.ft.	$299,000	Airbnb cash on cash: 1.32% Traditional cash on cash: 3.27% Airbnb Rental Income: $1409 Traditional Rental Income: $1535 Airbnb ROI: 1.32% Traditional ROI: 3.27%
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: 1.26% Traditional cash on cash: 2.53% Airbnb Rental Income: $2813 Traditional Rental Income: $2984 Airbnb ROI: 1.26% Traditional ROI: 2.53%
105 Turner Avenue Lancaster, KY Charming 2-bedroom, 1-bath home offering 624 sq. ft. of living space on a generous 0.17-ac...	2 beds \| 1 baths \| 624 sq.ft.	$129,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.86% Airbnb Rental Income: $null Traditional Rental Income: $981 Airbnb ROI: N/A Traditional ROI: 5.86%
102 Dogwood Drive Lancaster, KY Welcome home to this beautifully maintained 3 Bedroom 2 Bath brick home nestled in a quiet...	3 beds \| 2 baths \| 1,920 sq.ft.	$349,000	Airbnb cash on cash: 1.38% Traditional cash on cash: 5.77% Airbnb Rental Income: $1409 Traditional Rental Income: $2424 Airbnb ROI: 1.38% Traditional ROI: 5.77%
302 Danville Street Lancaster, KY *OPEN HOUSE, Sunday July 19, 2016 *Victorian Farmhouse Charm! Lots of room! Lots of ch...	3 beds \| 1 baths \| 2,020 sq.ft.	$243,764	Airbnb cash on cash: 2.57% Traditional cash on cash: 4.98% Airbnb Rental Income: $1409 Traditional Rental Income: $1540 Airbnb ROI: 2.57% Traditional ROI: 4.98%
101 Walker Lane Lancaster, KY Lake Living Meets Investment Opportunity! Escape to the lake with this beautifully appoint...	3 beds \| 3 baths \| 1,600 sq.ft.	$379,000	Airbnb cash on cash: 0.26% Traditional cash on cash: 4.99% Airbnb Rental Income: $1409 Traditional Rental Income: $2665 Airbnb ROI: 0.26% Traditional ROI: 4.99%
47 Hills Lane Lancaster, KY Price Improvement!! Experience breathtaking views and exquisite craftsmanship in this newl...	4 beds \| 3 baths \| 3,100 sq.ft.	$759,900	Airbnb cash on cash: -0.14% Traditional cash on cash: 2.31% Airbnb Rental Income: $1833 Traditional Rental Income: $3072 Airbnb ROI: -0.14% Traditional ROI: 2.31%
1577 Hunter Drive Lancaster, KY This one you truly have to see in person to fully appreciate, photos don't do it justice! ...	3 beds \| 2 baths \| 2,312 sq.ft.	$589,000	Airbnb cash on cash: -0.23% Traditional cash on cash: 2.66% Airbnb Rental Income: $1409 Traditional Rental Income: $2574 Airbnb ROI: -0.23% Traditional ROI: 2.66%
535 Twin Lakes Drive Lancaster, KY Welcome to your private Kentucky retreat. On 14.76 picturesque acres, this fully updated 4...	4 beds \| 4 baths \| 3,368 sq.ft.	$949,999	Airbnb cash on cash: -0.45% Traditional cash on cash: 2.87% Airbnb Rental Income: $1833 Traditional Rental Income: $4273 Airbnb ROI: -0.45% Traditional ROI: 2.87%
4174 Fall Lick Road Lancaster, KY Escape to your own private retreat on 47 breathtaking acres of rolling countryside. This e...	4 beds \| 3 baths \| 2,400 sq.ft.	$700,000	Airbnb cash on cash: 0.05% Traditional cash on cash: 1.98% Airbnb Rental Income: $1833 Traditional Rental Income: $2598 Airbnb ROI: 0.05% Traditional ROI: 1.98%
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.	$234,900	Airbnb cash on cash: 2.17% Traditional cash on cash: 6.41% Airbnb Rental Income: $1409 Traditional Rental Income: $1929 Airbnb ROI: 2.17% Traditional ROI: 6.41%
40 N Ridge Road Lancaster, KY Custom-built barndominium and shop on just over an acre, under five minutes from Sunset Ma...	3 beds \| 2 baths \| 1,802 sq.ft.	$440,000	Airbnb cash on cash: 0.31% Traditional cash on cash: 3.76% Airbnb Rental Income: $1409 Traditional Rental Income: $2405 Airbnb ROI: 0.31% Traditional ROI: 3.76%
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 BACK ON MARKET, NO FAULT OF ITS OWN! (Buyers Contingency fell through). Tucked away in Nor...	5 beds \| 3 baths \| 2,728 sq.ft.	$399,000	Airbnb cash on cash: 3.99% Traditional cash on cash: 5.72% Airbnb Rental Income: $2813 Traditional Rental Income: $2799 Airbnb ROI: 3.99% Traditional ROI: 5.72%
249 Eastland Acres Lancaster, KY Welcome to your perfect blend of comfort, convenience, and country charm! This beautifully...	4 beds \| 3 baths \| 2,040 sq.ft.	$464,900	Airbnb cash on cash: 1.59% Traditional cash on cash: 4.7% Airbnb Rental Income: $1833 Traditional Rental Income: $2690 Airbnb ROI: 1.59% Traditional ROI: 4.7%
4858 Kennedy Bridge Road Lancaster, KY LAKE FRONT HOME WITH DOCK! Ranch home with second structure for guests up and storage down...	2 beds \| 2 baths \| 1,400 sq.ft.	$325,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.04% Airbnb Rental Income: $null Traditional Rental Income: $2297 Airbnb ROI: N/A Traditional ROI: 6.04%
545 Boones Creek Road Lancaster, KY Beautiful New Construction Home on 1.6 Acres Surrounded by Farmland in Lancaster, KY Exper...	3 beds \| 2 baths \| 1,805 sq.ft.	$460,000	Airbnb cash on cash: 0.22% Traditional cash on cash: 3.49% Airbnb Rental Income: $1409 Traditional Rental Income: $2396 Airbnb ROI: 0.22% Traditional ROI: 3.49%
305 Richmond Street Lancaster, KY There's something special about an older home downtown - the character, the craftsmanship,...	4 beds \| 2 baths \| 2,145 sq.ft.	$238,067	Airbnb cash on cash: 3.74% Traditional cash on cash: 9.73% Airbnb Rental Income: $1833 Traditional Rental Income: $2688 Airbnb ROI: 3.74% Traditional ROI: 9.73%
3040 Perry Rogers Road Lancaster, KY Nestled in the heart of beautiful Garrard County, this breathtaking 27-acre farm offers th...	3 beds \| 2 baths \| 2,200 sq.ft.	$664,900	Airbnb cash on cash: 0.09% Traditional cash on cash: 2.33% Airbnb Rental Income: $1409 Traditional Rental Income: $2375 Airbnb ROI: 0.09% Traditional ROI: 2.33%
173 Brewer Way Lancaster, KY A Peaceful Country Retreat Escape to the countryside with this stunning 81.5-acre +/-farm ...	3 beds \| 3 baths \| 2,588 sq.ft.	$825,000	Airbnb cash on cash: -0.06% Traditional cash on cash: 2.33% Airbnb Rental Income: $1409 Traditional Rental Income: $2822 Airbnb ROI: -0.06% Traditional ROI: 2.33%
219 Gale Drive Lancaster, KY Rare find that's waiting and ready for you. This move in ready brick home features 3 bedro...	3 beds \| 1 baths \| 1,040 sq.ft.	$155,000	Airbnb cash on cash: 4.62% Traditional cash on cash: 9.53% Airbnb Rental Income: $1409 Traditional Rental Income: $1712 Airbnb ROI: 4.62% Traditional ROI: 9.53%
708 Bryants Camp Road Lancaster, KY Lake life is all about the view, the water, and having a place to relax when the day is do...	2 beds \| 2 baths \| 1,483 sq.ft.	$319,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.24% Airbnb Rental Income: $null Traditional Rental Income: $2416 Airbnb ROI: N/A Traditional ROI: 6.24%
4309 Lexington Road lot: 11 Lancaster, KY # The Ashford at Magnolia Farms - A New Standard in Gracious Living Welcome to The Ashford...	3 beds \| 4 baths \| 1,928 sq.ft.	$629,000	Airbnb cash on cash: -0.33% Traditional cash on cash: 2.59% Airbnb Rental Income: $1409 Traditional Rental Income: $2704 Airbnb ROI: -0.33% Traditional ROI: 2.59%
602 Tuggle Road Lancaster, KY Great all brick home with a basement in Northern Garrard County!! Just across the river yo...	3 beds \| 3 baths \| 2,144 sq.ft.	$395,000	Airbnb cash on cash: 1.06% Traditional cash on cash: 5.61% Airbnb Rental Income: $1409 Traditional Rental Income: $2672 Airbnb ROI: 1.06% Traditional ROI: 5.61%
4309 Lexington Road lot: 13 Lancaster, KY Welcome to The Bluegrass, your dream home nestled in the charming community of Magnolia Fa...	3 beds \| 2 baths \| 2,854 sq.ft.	$699,000	Airbnb cash on cash: -0.49% Traditional cash on cash: 1.89% Airbnb Rental Income: $1409 Traditional Rental Income: $2536 Airbnb ROI: -0.49% Traditional ROI: 1.89%
4309 Lexington Road lot: 12 Lancaster, KY # Lot 12 Magnolia Farms - The Magnolia Plan Welcome The Magnolia, your dream ranch-style r...	3 beds \| 4 baths \| 1,928 sq.ft.	$599,000	Airbnb cash on cash: -0.26% Traditional cash on cash: 2.6% Airbnb Rental Income: $1409 Traditional Rental Income: $2585 Airbnb ROI: -0.26% Traditional ROI: 2.6%
4309 Lexington Road lot: 14 Lancaster, KY Welcome to the Kentucky plan, your dream home at Lot 14 in the sought-after Magnolia Farms...	3 beds \| 3 baths \| 2,728 sq.ft.	$729,000	Airbnb cash on cash: -0.54% Traditional cash on cash: 2.24% Airbnb Rental Income: $1409 Traditional Rental Income: $2876 Airbnb ROI: -0.54% Traditional ROI: 2.24%
4309 Lexington Road lot: 15 Lancaster, KY Welcome to The Secretariat plan at Magnolia Farms, where thoughtful design meets everyday ...	3 beds \| 2 baths \| 2,160 sq.ft.	$599,900	Airbnb cash on cash: -0.26% Traditional cash on cash: 2.48% Airbnb Rental Income: $1409 Traditional Rental Income: $2519 Airbnb ROI: -0.26% Traditional ROI: 2.48%
205 Woodside Way Lancaster, KY Welcome to 205 Woodside Way, a beautifully updated home tucked at the end of a quiet cul-d...	4 beds \| 4 baths \| 3,723 sq.ft.	$698,900	Airbnb cash on cash: 0.59% Traditional cash on cash: 3.69% Airbnb Rental Income: $1833 Traditional Rental Income: $3362 Airbnb ROI: 0.59% Traditional ROI: 3.69%
1108 Old Railroad Grade Road Lancaster, KY Experience the beauty of Central Kentucky with this exceptional home, barn and 22.5-acre p...	3 beds \| 2 baths \| 1,904 sq.ft.	$579,500	Airbnb cash on cash: 0.29% Traditional cash on cash: 2.98% Airbnb Rental Income: $1409 Traditional Rental Income: $2442 Airbnb ROI: 0.29% Traditional ROI: 2.98%
189 Red Gate Road Lancaster, KY The Lakefront Dream Home you've always wanted, complete with income producing potential to...	4 beds \| 4 baths \| 2,755 sq.ft.	$736,600	Airbnb cash on cash: 0.42% Traditional cash on cash: 4.1% Airbnb Rental Income: $1833 Traditional Rental Income: $3862 Airbnb ROI: 0.42% Traditional ROI: 4.1%
151 Kennedy Bridge Road Lancaster, KY Location location location! Rarely does a property offer this much space, privacy, and con...	5 beds \| 4 baths \| 3,508 sq.ft.	$1,175,000	Airbnb cash on cash: 0.52% Traditional cash on cash: 1.91% Airbnb Rental Income: $2813 Traditional Rental Income: $3677 Airbnb ROI: 0.52% Traditional ROI: 1.91%
1919 Gilberts Creek Rd Lancaster, KY Welcome to this beautifully updated home in Lincoln County, where major improvements and s...	3 beds \| 1 baths \| 1,500 sq.ft.	$215,000	Airbnb cash on cash: 2.75% Traditional cash on cash: 6.91% Airbnb Rental Income: $1409 Traditional Rental Income: $1872 Airbnb ROI: 2.75% Traditional ROI: 6.91%
105 Dorton Drive Lancaster, KY The perfect blend of modern craftsmanship and peaceful country living awaits with this stu...	3 beds \| 3 baths \| 1,698 sq.ft.	$465,000	Airbnb cash on cash: 0.99% Traditional cash on cash: 4.19% Airbnb Rental Income: $1409 Traditional Rental Income: $2378 Airbnb ROI: 0.99% Traditional ROI: 4.19%

Real Estate investment in Lancaster, KY

There are 73 properties for sale in the city of Lancaster . The median list price in Lancaster is $194,883 and the average price per square foot is $89. In September 2026, the average monthly cash on cash return in Lancaster is 5.00%. The average monthly rental income in Lancaster is $2,536.

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

There are 73 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 $2,536.

Your search for investment property begins and ends here

Investment Property for Sale in Lancaster, KY

143 Deer Run

Lancaster, KY

4 beds | 2 baths | 1,670 sq.ft.

$314,900

Airbnb cash on cash: 2.35%

Traditional cash on cash: 5.96%

Airbnb Rental Income: $1833

Traditional Rental Income: $2407

Airbnb ROI: 2.35%

Traditional ROI: 5.96%

367 Ronclar Drive

Lancaster, KY

3 beds | 3 baths | 2,657 sq.ft.

$875,000

Airbnb cash on cash: 0.03%

Traditional cash on cash: 3.01%

Airbnb Rental Income: $1409

Traditional Rental Income: $3412

Airbnb ROI: 0.03%

Traditional ROI: 3.01%

143 Royalty Drive

Lancaster, KY

5 beds | 4 baths | 3,080 sq.ft.

$655,000

Airbnb cash on cash: 1.52%

Traditional cash on cash: 3.93%

Airbnb Rental Income: $2813

Traditional Rental Income: $3630

Airbnb ROI: 1.52%

Traditional ROI: 3.93%

866 Donmar Drive

Lancaster, KY

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

$1,200,000

Airbnb cash on cash: -0.74%

Traditional cash on cash: 1.68%

Airbnb Rental Income: $1833

Traditional Rental Income: $4035

Airbnb ROI: -0.74%

Traditional ROI: 1.68%

198 Doolin Way

Lancaster, KY

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

$309,900

Airbnb cash on cash: 1.21%

Traditional cash on cash: 3.47%

Airbnb Rental Income: $1409

Traditional Rental Income: $1646

Airbnb ROI: 1.21%

Traditional ROI: 3.47%

70 Ashlock Drive

Lancaster, KY

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

$329,500

Airbnb cash on cash: 2.54%

Traditional cash on cash: 3.96%

Airbnb Rental Income: $1833

Traditional Rental Income: $1778

Airbnb ROI: 2.54%

Traditional ROI: 3.96%

143 Rolling Meadows Drive

Lancaster, KY

3 beds | 2 baths | 1,365 sq.ft.

$299,000

Airbnb cash on cash: 1.32%

Traditional cash on cash: 3.27%

Airbnb Rental Income: $1409

Traditional Rental Income: $1535

Airbnb ROI: 1.32%

Traditional ROI: 3.27%

635 Lakeside Drive

Lancaster, KY

5 beds | 4 baths | 3,104 sq.ft.

$699,900

Airbnb cash on cash: 1.26%

Traditional cash on cash: 2.53%

Airbnb Rental Income: $2813

Traditional Rental Income: $2984

Airbnb ROI: 1.26%