The property at 205 Elm St in Lexington offers a promising rental potential with an estimated monthly rent range of $1,625 to $1,759. Given the property's 3-bedroom, 1-bath layout and central location within Greater Lexington, it aligns well with current market demands. The neighborhood shows consistent growth, adding appeal to potential tenants. Key features like central heating and a sizable 1,296 sqft area enhance its attractiveness. However, the single bath might limit appeal to larger families.

To boost rental value, consider modernizing the bathroom and adding energy-efficient features, which are attractive to renters. If the owner is contemplating selling, minor cosmetic updates and ensuring the property's exterior is well-maintained could enhance curb appeal and attract potential buyers. Highlighting the property's prime location and growth potential in Greater Lexington during marketing efforts would also be beneficial.