132 E. Third St. is an Italianate style house, portions of which date to the 1830's. Shown on the 1855 map of Lexington the exterior has had its present look since about 1870. A thorough and complete renovation in 2005 split the house into 3 luxury units with an effective age of 10 years, all fully leased. Landlord pays about $35/mo in utilities, tenants pay the rest. The renovation complied with the National Park Service Renovation Guidelines, LFUCG Building Inspection & the Board of Architectural Review and was approved for historic preservation tax credits. The lot backs up to Huston Ally and could accommodate an additional unit or large garage. Zoned B2A, the property could have commercial, retail or residential use. New kitchens, spa-like baths, hardwood floors, exposed brick, historic woodwork & large lot with front and rear access.2 blocks from Gratz Park, Transylvania U, shops, restaurants & all Lexington has to offer.