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    Richmond, KY
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    Richmond, KY Apartment Buildings for Sale

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    Beaver Dam, KY Williamstown, KY Grayson, KY Nicholasville, KY Berea, KY Lexington, KY Waco, KY Winchester, KY
    Three-Duplex Multifamily Property
    Updated: Dec 5, 2025
    Three-Duplex Multifamily Property

    156 Hager Avenue, Richmond, KY 40475

    $660,000
    2,400 sqft 0.17 AC lot
    Three duplexes at 156, 158, and 160 Hager Drive
    Built in 1979 with central air and heat pump/electric heat
    Composition roof
    Each side: individual basement (900 SF), main floor (1200 SF), bedroom level (1200 SF)
    3 bedrooms and 1.5 baths per side with laundry hookups and rear decks
    View details
    Mixed-Use Property With Apartments
    Updated: Feb 19
    Mixed-Use Property With Apartments

    204-206 S 3rd Street, Richmond, KY 40475

    $579,000
    9,763 sqft 0.19 AC lot
    9,763‑square‑foot mixed‑use property on 0.19 acres
    Two occupied street‑level commercial suites
    Commercial tenancy includes an established bar and retail tenant
    Five upper‑level apartment units
    Residential component offers renovation and future lease‑up potential
    View details
    Senior Apartment Building
    Senior Apartment Building

    108 Richmond Green Dr, Richmond, KY 40475

    Contact for pricing

    Established housing asset serving seniors, with affordable housing requirements in place through 2028.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 48 Potential Opportunities for your consideration. Besides 3 Active listings in Richmond, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 41 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Apartment Buildings with Two-Bedroom Townhomes
    Apartment Buildings with Two-Bedroom Townhomes

    170-180 Heritage Drive, Nicholasville, KY 40356

    $1,028,000
    8,016 sqft 0.39 AC lot

    Six 2-bedroom townhomes with 100% occupancy, 1.5 bathrooms, and one-car garages for covered tenant layouts.

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    Six-Unit Townhome Apartment Building
    Six-Unit Townhome Apartment Building

    170180 170-180 Heritage Dr, Nicholasville, KY 40356

    $1,028,000
    8,016 sqft

    Updated roofs, siding, gutters, and windows complement garage-equipped residential units.

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    16-Unit Apartment Building
    16-Unit Apartment Building

    16 Linden Ave, Winchester, KY 40391

    $1,200,000
    7,480 sqft 0.34 AC lot

    Fully occupied apartments feature recent exterior, electrical, HVAC, and interior updates.

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    Mixed-Use Downtown Corner Property
    Mixed-Use Downtown Corner Property

    2 N Main St, Winchester, KY 40391

    Contact for pricing

    Mixed-use building with renovated, fully occupied apartments above ground-floor retail space on a downtown corner.

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    Off-Market Properties in Richmond, KY

    Consider similar Off-Market properties in Richmond, KY. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    308 Spangler Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    308 Spangler Dr, Richmond, KY 40475-2383

    $500,000
    Estimated value
    4,224 sqft 0.46 AC lot
    View details
    719 Marietha Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    719 Marietha Dr, Richmond, KY 40475-2091

    $1,810,000
    Estimated value
    3,566 sqft
    View details
    725 Marietha Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    725 Marietha Dr, Richmond, KY 40475-2090

    $1,810,000
    Estimated value
    3,566 sqft
    View details
    407 Jason Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    407 Jason Dr, Richmond, KY 40475-2088

    $1,810,000
    Estimated value
    3,600 sqft
    View details
    431 Jason Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    431 Jason Dr, Richmond, KY 40475-2185

    $1,810,000
    Estimated value
    4,160 sqft
    View details
    713 Marietha Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    713 Marietha Dr, Richmond, KY 40475-2093

    $300,000
    Estimated value
    3,824 sqft
    View details
    431 Gdn City Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    431 Gdn City Dr, Richmond, KY 40475-7940

    $175,000
    Estimated value
    1,650 sqft
    View details
    112 Shamrock Ln
    APARTMENT HOUSE (UNDER 5 UNITS)

    112 Shamrock Ln, Richmond, KY 40475-2711

    $235,000
    Estimated value
    3,104 sqft
    View details
    207 Mcdaniel Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    207 Mcdaniel Dr, Richmond, KY 40475-2703

    Value Estimation by Request
    3,944 sqft
    View details
    714 Main St
    APARTMENT HOUSE (UNDER 5 UNITS)

    714 Main St, Richmond, KY 40475-4307

    $115,000
    Estimated value
    2,432 sqft
    View details
    112 Mallory Ct
    APARTMENT HOUSE (UNDER 5 UNITS)

    112 Mallory Ct, Richmond, KY 40475-8154

    $420,000
    Estimated value
    4,522 sqft
    View details
    429 Gdn City Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    429 Gdn City Dr, Richmond, KY 40475-7942

    $445,000
    Estimated value
    3,712 sqft
    View details
    240 Susan Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    240 Susan Dr, Richmond, KY 40475-3060

    Value Estimation by Request
    4,144 sqft 0.49 AC lot
    View details
    535 Mahaffey Dr
    HIGH-RISE APARTMENTS

    535 Mahaffey Dr, Richmond, KY 40475-2436

    Value Estimation by Request
    5,776 sqft
    View details
    220 Tulip Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    220 Tulip Dr, Richmond, KY 40475-7836

    $170,000
    Estimated value
    4,032 sqft
    View details
    244 Wayne Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    244 Wayne Dr, Richmond, KY 40475-2697

    Value Estimation by Request
    3,808 sqft
    View details
    248 Wayne Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    248 Wayne Dr, Richmond, KY 40475-2696

    Value Estimation by Request
    3,808 sqft
    View details
    250 Wayne Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    250 Wayne Dr, Richmond, KY 40475-2695

    Value Estimation by Request
    3,808 sqft
    View details
    242 Wayne Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    242 Wayne Dr, Richmond, KY 40475-2698

    Value Estimation by Request
    3,808 sqft
    View details
    708 Main St
    APARTMENT HOUSE (UNDER 5 UNITS)

    708 Main St, Richmond, KY 40475-1893

    $75,000
    Estimated value
    2,900 sqft
    View details
    419 Jason Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    419 Jason Dr, Richmond, KY 40475-2085

    Value Estimation by Request
    3,600 sqft
    View details

    Richmond, KY Apartment Buildings Market Trends and Statistics

    Explore 44 apartment buildings for sale in Richmond, KY, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 12,163 square feet of properties for sale, with an estimated market value of $1,239,000.

    Sale prices for two-family homes in Richmond, KY start at $579,000, averaging $619,500, and reaching up to $660,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 65K
    Population Growth (5Y) +5.8%
    Median Household Income $62,731
    College Educated 26.2%

    High-Yield Neighborhoods for Investment

    Identify Richmond submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    40475 $619.5K

    Taxes & Financing

    Tax Rate (average for all types) 0.97%
    Property Tax per SF $5.99 per SF
    Tax Rate vs County Average 0.02 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Madison County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Madison County

    Residential Income

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