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
166 Long Branch Drive Lancaster, KY MUST SEE! Don't miss this Immaculate Home that sits on a Beautiful Lot! Features a Living ...	3 beds \| 2 baths \| 2,100 sq.ft.	$359,000	Airbnb cash on cash: 4.17% Traditional cash on cash: 5.69% Airbnb Rental Income: $2597 Traditional Rental Income: $2489 Airbnb ROI: 4.17% Traditional ROI: 5.69%
699 Settlement Drive Lancaster, KY Bring your boat and live the good life! This immaculate ranch home with a basement and a l...	4 beds \| 3 baths \| 3,256 sq.ft.	$585,000	Airbnb cash on cash: 2.4% Traditional cash on cash: 2.4% Airbnb Rental Income: $3127 Traditional Rental Income: $2417 Airbnb ROI: 2.4% Traditional ROI: 2.4%
501 Emma Drive Lancaster, KY Great home located in Northern Garrard County. Tucked away in the quaint litte neighborhoo...	3 beds \| 2 baths \| 1,550 sq.ft.	$299,900	Airbnb cash on cash: 4.81% Traditional cash on cash: 6.02% Airbnb Rental Income: $2597 Traditional Rental Income: $2317 Airbnb ROI: 4.81% Traditional ROI: 6.02%
203 Fuzzy Duck Road Lancaster, KY A charming & affordable 4 bed/2 bath ranch home on 1.15 acre, with views of farms all arou...	4 beds \| 2 baths \| 1,788 sq.ft.	$229,000	Airbnb cash on cash: 9.16% Traditional cash on cash: 9.59% Airbnb Rental Income: $3127 Traditional Rental Income: $2511 Airbnb ROI: 9.16% Traditional ROI: 9.59%
118 Deer Run Lancaster, KY Don't miss your chance to own this charming ranch home in the highly desirable Deer Run ne...	3 beds \| 2 baths \| 1,420 sq.ft.	$240,000	Airbnb cash on cash: 6.44% Traditional cash on cash: 7.26% Airbnb Rental Income: $2597 Traditional Rental Income: $2160 Airbnb ROI: 6.44% Traditional ROI: 7.26%
951 Perry Rogers Road Lancaster, KY Step away from the hustle and noise, and into the country life with this ideal homestead. ...	3 beds \| 2 baths \| 1,914 sq.ft.	$559,000	Airbnb cash on cash: 2.38% Traditional cash on cash: 3.39% Airbnb Rental Income: $2597 Traditional Rental Income: $2501 Airbnb ROI: 2.38% Traditional ROI: 3.39%
201 Fox Ridge Drive Lancaster, KY Stunning, private custom-built ranch home with a finished basement and tons of updgrades. ...	3 beds \| 3 baths \| 2,600 sq.ft.	$549,000	Airbnb cash on cash: 2.6% Traditional cash on cash: 4.25% Airbnb Rental Income: $2597 Traditional Rental Income: $2824 Airbnb ROI: 2.6% Traditional ROI: 4.25%
208 Maplewood Drive Lancaster, KY Very nice all updated 3 bedroom 2 bath home with new kitchen cabinets, beautiful new floor...	3 beds \| 2 baths \| 2,074 sq.ft.	$329,900	Airbnb cash on cash: 4.22% Traditional cash on cash: 6.07% Airbnb Rental Income: $2597 Traditional Rental Income: $2549 Airbnb ROI: 4.22% Traditional ROI: 6.07%
232 Danville Street Lancaster, KY This home has been totally renovated and has 3 bedrooms and 2 bathrooms. The kitchen has a...	3 beds \| 2 baths \| 1,800 sq.ft.	$259,000	Airbnb cash on cash: 5.85% Traditional cash on cash: 7.93% Airbnb Rental Income: $2597 Traditional Rental Income: $2485 Airbnb ROI: 5.85% Traditional ROI: 7.93%
28 Creek Side Drive Lancaster, KY Welcome to the stunning modern ranch you've been dreaming of! This move-in-ready home offe...	3 beds \| 3 baths \| 2,800 sq.ft.	$518,000	Airbnb cash on cash: 2.03% Traditional cash on cash: 3.79% Airbnb Rental Income: $2597 Traditional Rental Income: $2824 Airbnb ROI: 2.03% Traditional ROI: 3.79%
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.	$610,000	Airbnb cash on cash: 2.23% Traditional cash on cash: 3.18% Airbnb Rental Income: $3127 Traditional Rental Income: $2957 Airbnb ROI: 2.23% Traditional ROI: 3.18%
10 Cardinal Circle Lancaster, KY Beautiful brick home in wonderful small town! This property features 4 bedrooms, large kit...	4 beds \| 4 baths \| 2,845 sq.ft.	$289,900	Airbnb cash on cash: 6.66% Traditional cash on cash: 7.92% Airbnb Rental Income: $3127 Traditional Rental Income: $2762 Airbnb ROI: 6.66% Traditional ROI: 7.92%
136 Bright Leaf Drive Lancaster, KY What a JEWEL in North Garrard! This 4 bedroom, 2 bath house sits on approx 1 acre in Ga...	4 beds \| 2 baths \| 1,791 sq.ft.	$405,000	Airbnb cash on cash: 4.26% Traditional cash on cash: 4.42% Airbnb Rental Income: $3127 Traditional Rental Income: $2476 Airbnb ROI: 4.26% Traditional ROI: 4.42%
2017 Jack Black Road Lancaster, KY Tired of city noise and traffic? Want a home that is only a year old with land that is se...	3 beds \| 2 baths \| 1,680 sq.ft.	$375,000	Airbnb cash on cash: 3.5% Traditional cash on cash: 2.86% Airbnb Rental Income: $2597 Traditional Rental Income: $1752 Airbnb ROI: 3.5% Traditional ROI: 2.86%
4454 Lexington Road Lancaster, KY SO. MANY. OPPORTUNITIES! I'm sure you've heard the saying ''Location, Location, Locatio...	3 beds \| 2 baths \| 2,176 sq.ft.	$519,000	Airbnb cash on cash: 2.03% Traditional cash on cash: 1.38% Airbnb Rental Income: $2597 Traditional Rental Income: $1664 Airbnb ROI: 2.03% Traditional ROI: 1.38%
1389 Paper Mill Road Lancaster, KY Great home located in the country! A rare find in the Camp Dick Elementary school distric...	2 beds \| 1 baths \| 1,200 sq.ft.	$169,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.48% Airbnb Rental Income: $null Traditional Rental Income: $956 Airbnb ROI: N/A Traditional ROI: 3.48%
61 Longview Court Lancaster, KY This home is what your family has been looking for! The exterior has been painted and upda...	4 beds \| 2 baths \| 2,264 sq.ft.	$319,900	Airbnb cash on cash: 6.63% Traditional cash on cash: 3.41% Airbnb Rental Income: $3127 Traditional Rental Income: $1448 Airbnb ROI: 6.63% Traditional ROI: 3.41%
103 Longview Court Lancaster, KY Discover the perfect blend of comfort and convenience in this stunning 4-5 bedroom, 2 full...	5 beds \| 2 baths \| 2,200 sq.ft.	$315,000	Airbnb cash on cash: 5.45% Traditional cash on cash: 6.58% Airbnb Rental Income: $2935 Traditional Rental Income: $2593 Airbnb ROI: 5.45% Traditional ROI: 6.58%
128 Bethany Trace Lancaster, KY Beautiful new construction with finishes not typically found in this price point! Watch fo...	3 beds \| 2 baths \| 1,375 sq.ft.	$299,900	Airbnb cash on cash: 5.64% Traditional cash on cash: 6.05% Airbnb Rental Income: $2597 Traditional Rental Income: $2092 Airbnb ROI: 5.64% Traditional ROI: 6.05%
755 Hunter Drive Lancaster, KY New Improved Price on this Custom Built Home in Woodlawn Estates...This Brick Ranch is not...	3 beds \| 3 baths \| 2,114 sq.ft.	$799,900	Airbnb cash on cash: 0.67% Traditional cash on cash: 1.66% Airbnb Rental Income: $2597 Traditional Rental Income: $2713 Airbnb ROI: 0.67% Traditional ROI: 1.66%
79 Public Square Lancaster, KY Here is a one of a kind, 3 story brick building with basement in downtown Lancaster that i...	3 beds \| 4 baths \| 3,000 sq.ft.	$489,000	Airbnb cash on cash: 2.56% Traditional cash on cash: 5.09% Airbnb Rental Income: $2597 Traditional Rental Income: $3132 Airbnb ROI: 2.56% Traditional ROI: 5.09%
130 Bethany Trace Lancaster, KY Walk in this New Construction Home and check out the high end finishes typically found in ...	3 beds \| 2 baths \| 1,460 sq.ft.	$309,900	Airbnb cash on cash: 4.6% Traditional cash on cash: 5.17% Airbnb Rental Income: $2597 Traditional Rental Income: $2140 Airbnb ROI: 4.6% Traditional ROI: 5.17%
2458 High Bridge Road Lancaster, KY Escape to your own rural retreat on +/-68 acres of versatile land, where possibilities abo...	4 beds \| 3 baths \| 3,909 sq.ft.	$989,000	Airbnb cash on cash: 1.37% Traditional cash on cash: 1.92% Airbnb Rental Income: $3127 Traditional Rental Income: $2924 Airbnb ROI: 1.37% Traditional ROI: 1.92%
119 Sunset Avenue Lancaster, KY Motivated Seller! Welcome to this charming, updated brick ranch nestled on a quiet street ...	3 beds \| 1 baths \| 1,068 sq.ft.	$170,000	Airbnb cash on cash: 9.99% Traditional cash on cash: 9.75% Airbnb Rental Income: $2597 Traditional Rental Income: $1937 Airbnb ROI: 9.99% Traditional ROI: 9.75%
441 Colts Run Drive Lancaster, KY The peacefulness of the country only a short drive from Lexington or Nicholasville...welco...	3 beds \| 2 baths \| 2,405 sq.ft.	$384,900	Airbnb cash on cash: 3.36% Traditional cash on cash: 4.64% Airbnb Rental Income: $2597 Traditional Rental Income: $2437 Airbnb ROI: 3.36% Traditional ROI: 4.64%
216 Danville Street Lancaster, KY Price Improved! Charming 3 BR, 2 bath older home that exudes timeless elegance with modern...	3 beds \| 2 baths \| 2,010 sq.ft.	$259,900	Airbnb cash on cash: 6.32% Traditional cash on cash: 8.49% Airbnb Rental Income: $2597 Traditional Rental Income: $2509 Airbnb ROI: 6.32% Traditional ROI: 8.49%
1141 Danville Road Lancaster, KY Discover your dream property on this stunning 4.6-acre property, boasting over 3,000 squar...	5 beds \| 3 baths \| 3,074 sq.ft.	$575,000	Airbnb cash on cash: 2.97% Traditional cash on cash: 4.55% Airbnb Rental Income: $2935 Traditional Rental Income: $3107 Airbnb ROI: 2.97% Traditional ROI: 4.55%
572 Hunter Drive Lancaster, KY Welcome to this exquisite custom-built home, located in the upscale community of Woodlawn ...	4 beds \| 4 baths \| 5,368 sq.ft.	$1,100,000	Airbnb cash on cash: 1.2% Traditional cash on cash: 2.59% Airbnb Rental Income: $3127 Traditional Rental Income: $3838 Airbnb ROI: 1.2% Traditional ROI: 2.59%
1197 Bryants Camp Road Lancaster, KY First time on the market, this beautiful ranch with picturesque views of Herrington Lake i...	3 beds \| 2 baths \| 2,000 sq.ft.	$374,900	Airbnb cash on cash: 3.5% Traditional cash on cash: 4.91% Airbnb Rental Income: $2597 Traditional Rental Income: $2471 Airbnb ROI: 3.5% Traditional ROI: 4.91%
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.	$279,900	Airbnb cash on cash: 5.28% Traditional cash on cash: 5.78% Airbnb Rental Income: $2597 Traditional Rental Income: $2107 Airbnb ROI: 5.28% Traditional ROI: 5.78%
472 Hunter Drive Lancaster, KY Amazing Views of the water located in Woodlawn Estates that features a Marina & the Penins...	3 beds \| 3 baths \| 2,422 sq.ft.	$729,900	Airbnb cash on cash: 1.46% Traditional cash on cash: 2.68% Airbnb Rental Income: $2597 Traditional Rental Income: $2809 Airbnb ROI: 1.46% Traditional ROI: 2.68%
102 Dogwood Drive Lancaster, KY MUST SEE this beautiful home featuring 3 bedrooms, 2 full baths, gorgeous hardwood floors,...	3 beds \| 2 baths \| 1,966 sq.ft.	$315,000	Airbnb cash on cash: 4.97% Traditional cash on cash: 6.49% Airbnb Rental Income: $2597 Traditional Rental Income: $2424 Airbnb ROI: 4.97% Traditional ROI: 6.49%
5409 Lexington Road Lancaster, KY Welcome to this charming 11.3-acre farm, offering the perfect blend of country living and ...	4 beds \| 2 baths \| 3,000 sq.ft.	$350,000	Airbnb cash on cash: 5.22% Traditional cash on cash: 6.3% Airbnb Rental Income: $3127 Traditional Rental Income: $2772 Airbnb ROI: 5.22% Traditional ROI: 6.3%
68 Meadow Point Drive Lancaster, KY Indulge in unparalleled luxury with this newly-built 2023 home on Herrington Lake. Nestled...	3 beds \| 4 baths \| 3,986 sq.ft.	$1,100,000	Airbnb cash on cash: 0.5% Traditional cash on cash: 1.88% Airbnb Rental Income: $2597 Traditional Rental Income: $3391 Airbnb ROI: 0.5% Traditional ROI: 1.88%
1830 Hunter Drive Lancaster, KY Large lake front home! Like new, approximately 3023 sq ft finished and 1192 sq ft unfinis...	4 beds \| 4 baths \| 3,023 sq.ft.	$849,000	Airbnb cash on cash: 1.93% Traditional cash on cash: 3.28% Airbnb Rental Income: $3127 Traditional Rental Income: $3479 Airbnb ROI: 1.93% Traditional ROI: 3.28%
999 Fisher Ford Road Lancaster, KY Move in ready! Primary bedroom has vaulted ceiling with large walk-in closet. Primary bath...	3 beds \| 3 baths \| 2,016 sq.ft.	$325,000	Airbnb cash on cash: 4.62% Traditional cash on cash: 6.78% Airbnb Rental Income: $2597 Traditional Rental Income: $2635 Airbnb ROI: 4.62% Traditional ROI: 6.78%
158 Hill-N-Dale Drive Lancaster, KY Motivated Seller! Beautiful View of the Sunset from this nice home. Live in the city but ...	3 beds \| 1 baths \| 1,380 sq.ft.	$219,000	Airbnb cash on cash: 7.61% Traditional cash on cash: 7.8% Airbnb Rental Income: $2597 Traditional Rental Income: $2014 Airbnb ROI: 7.61% Traditional ROI: 7.8%
212 Drew Lane Lancaster, KY Check out this amazing new home! Supersized home, situated on a spacious 1/2-acre lot, thi...	4 beds \| 2 baths \| 1,624 sq.ft.	$214,500	Airbnb cash on cash: 9.9% Traditional cash on cash: 8.92% Airbnb Rental Income: $3127 Traditional Rental Income: $2218 Airbnb ROI: 9.9% Traditional ROI: 8.92%
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.	$740,000	Airbnb cash on cash: 1.62% Traditional cash on cash: 2.45% Airbnb Rental Income: $2597 Traditional Rental Income: $2554 Airbnb ROI: 1.62% Traditional ROI: 2.45%
734 Settlement Drive Lancaster, KY Price improvement! Homestead Herrington subdivision. Enjoy the beautiful views with privac...	4 beds \| 3 baths \| 2,740 sq.ft.	$419,500	Airbnb cash on cash: 4.05% Traditional cash on cash: 5.57% Airbnb Rental Income: $3127 Traditional Rental Income: $3016 Airbnb ROI: 4.05% Traditional ROI: 5.57%

Real Estate investment in Lancaster, KY

There are 65 properties for sale in the city of Lancaster . The median list price in Lancaster is $359,000 and the average price per square foot is $159. In January 2025, the average monthly cash on cash return in Lancaster is 6.00%. The average monthly rental income in Lancaster is $2,471.

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

There are 65 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 $2,471.

Your search for investment property begins and ends here

Investment Property for Sale in Lancaster, KY

166 Long Branch Drive

Lancaster, KY

3 beds | 2 baths | 2,100 sq.ft.

$359,000

Airbnb cash on cash: 4.17%

Traditional cash on cash: 5.69%

Airbnb Rental Income: $2597

Traditional Rental Income: $2489

Airbnb ROI: 4.17%

Traditional ROI: 5.69%

699 Settlement Drive

Lancaster, KY

4 beds | 3 baths | 3,256 sq.ft.

$585,000

Airbnb cash on cash: 2.4%

Traditional cash on cash: 2.4%

Airbnb Rental Income: $3127

Traditional Rental Income: $2417

Airbnb ROI: 2.4%

Traditional ROI: 2.4%

501 Emma Drive

Lancaster, KY

3 beds | 2 baths | 1,550 sq.ft.

$299,900

Airbnb cash on cash: 4.81%

Traditional cash on cash: 6.02%

Airbnb Rental Income: $2597

Traditional Rental Income: $2317

Airbnb ROI: 4.81%

Traditional ROI: 6.02%

203 Fuzzy Duck Road

Lancaster, KY

4 beds | 2 baths | 1,788 sq.ft.

$229,000

Airbnb cash on cash: 9.16%

Traditional cash on cash: 9.59%

Airbnb Rental Income: $3127

Traditional Rental Income: $2511

Airbnb ROI: 9.16%

Traditional ROI: 9.59%

118 Deer Run

Lancaster, KY

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

$240,000

Airbnb cash on cash: 6.44%

Traditional cash on cash: 7.26%

Airbnb Rental Income: $2597

Traditional Rental Income: $2160

Airbnb ROI: 6.44%

Traditional ROI: 7.26%

951 Perry Rogers Road

Lancaster, KY

3 beds | 2 baths | 1,914 sq.ft.

$559,000

Airbnb cash on cash: 2.38%

Traditional cash on cash: 3.39%

Airbnb Rental Income: $2597

Traditional Rental Income: $2501

Airbnb ROI: 2.38%

Traditional ROI: 3.39%

201 Fox Ridge Drive

Lancaster, KY

3 beds | 3 baths | 2,600 sq.ft.

$549,000

Airbnb cash on cash: 2.6%

Traditional cash on cash: 4.25%

Airbnb Rental Income: $2597

Traditional Rental Income: $2824

Airbnb ROI: 2.6%

Traditional ROI: 4.25%

208 Maplewood Drive

Lancaster, KY

3 beds | 2 baths | 2,074 sq.ft.

$329,900

Airbnb cash on cash: 4.22%

Traditional cash on cash: 6.07%

Airbnb Rental Income: $2597

Traditional Rental Income: $2549

Airbnb ROI: 4.22%