Richmond, KY Apartment Buildings for Sale

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Ravenna, KY Berea, KY Lexington, KY

$579,000

9,763 SF

Downtown Richmond Mixed-Use Opportunity

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

Mixed-use property with commercial income and residential upside.

Immediate cash flow from two occupied commercial suites generating approximately $44,400 annually.
Opportunity to reposition five upper‑level apartment units for increased residential income.
Strategic downtown location with strong visibility and pedestrian traffic.
Mixed‑use property with multiple income streams (commercial and residential).
Proximity to Eastern Kentucky University (EKU), restaurants, retail, and entertainment.

Updated: Feb 19

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Converted Warehouse with Income Potential

$799,500

5,100 SF

Converted Warehouse with Income Potential

105 E Street, Richmond, KY 40475

Mixed-use property in downtown Richmond with residential and commercial spaces.

Income‑producing property with $3300/month rental income and potential for more.
Upscale 2300 sq ft loft features 2 bedrooms, 2 baths, and a private screened‑in porch.
Additional 1100 sq ft apartment above the 4‑car garage.
Prime downtown Richmond, KY location in a converted warehouse.
Private ground‑level courtyard with stamped concrete, sun screen, and fire pit, plus a stylish entrance/mudroom with a dog washing station.

Updated: Dec 1, 2025

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Richmond Mixed-Use Investment Opportunity

$649,900

2,200 SF

Richmond Mixed-Use Investment Opportunity

Mixed-use property with retail space and apartments for sale.

107 N Killarney Lane, Richmond, KY 40475

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Based on your search, we've compiled 52 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, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

$750,000

6,110 SF

Mixed-Use Building in Winchester, KY

Two-story building with office, apartments, and ample parking.

218 S Maple Street, Winchester, KY 40391

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Lexington Multifamily Investment Opportunity

$1,049,900

7,300 SF

Lexington Multifamily Investment Opportunity

Turn-key 8-unit apartment building with value-add potential.

388 Redding Road, Lexington, KY 40517

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Winchester Multifamily and Office Investment

$1,575,000

26,124 SF

Winchester Multifamily and Office Investment

Historical landmark with 18 apartments and 2 offices.

2 N Main Street, Winchester, KY 40391

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$875,000

Multi-Family Investment Opportunity

12-unit multi-family building in high-demand submarket, priced for redevelopment.

108 Surfside Dr, Lexington, KY 40503

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

$2,500,000

5.94 Acres

Asheville Development Opportunity: 5.94 Acres

5.94-acre parcel zoned RM6, ideal for multi-family development.

215 N Bear Creek Road, Asheville, NC 28806

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$699,900

1.33 Acres

Greenville Development Opportunity: 1.33 Acres

1.33 acre parcel suitable for multi-family development near downtown.

71 Salters Road, Greenville, SC 29607

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Multifamily Development Opportunity in Charlotte

$559,700

0.47 Acres

Multifamily Development Opportunity in Charlotte

Prime 0.47-acre parcel zoned for multifamily development near UNC Charlotte.

4312 Tantilla Circle, Charlotte, NC 28215

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$650,000

3.70 Acres

Land Near Shepherd University

Prime land near Shepherd University with development potential.

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

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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.

APARTMENT HOUSE (UNDER 5 UNITS)

4,224 SF Lot: 0.46 Acres

Value Estimation by Request

308 Spangler Dr, Richmond, KY 40475-2383

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APARTMENT HOUSE (UNDER 5 UNITS)

3,566 SF

Estimated value

$1,810,000

719 Marietha Dr, Richmond, KY 40475-2091

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APARTMENT HOUSE (UNDER 5 UNITS)

3,566 SF

Estimated value

$1,810,000

725 Marietha Dr, Richmond, KY 40475-2090

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APARTMENT HOUSE (UNDER 5 UNITS)

3,600 SF

Estimated value

$1,810,000

407 Jason Dr, Richmond, KY 40475-2088

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APARTMENT HOUSE (UNDER 5 UNITS)

3,600 SF

Value Estimation by Request

419 Jason Dr, Richmond, KY 40475-2085

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Richmond, KY Apartment Buildings Investment Opportunities Market Analysis

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 17,063 square feet of properties for sale, with an estimated market value of $2,028,400.

Sale prices for two-family homes in Richmond, KY start at $579,000, averaging $676,133, and reaching up to $799,500 — 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 median listing prices of real estate assets

Neighborhood	Average Price
40475	$676.1K

Taxes & Financing

Tax Rate (average for all types) 0.97%

Property Tax per SF $5.99 per sq ft

Tax Rate vs County Average 0.02 pp below county avg

Average Loan-to-Value 65.0%

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Richmond, KY Apartment Buildings for Sale

Downtown Richmond Mixed-Use Opportunity

Mixed-use property with commercial income and residential upside.

Converted Warehouse with Income Potential

Mixed-use property in downtown Richmond with residential and commercial spaces.

Richmond Mixed-Use Investment Opportunity

Opportunities in Nearby Cities

Mixed-Use Building in Winchester, KY

Lexington Multifamily Investment Opportunity

Winchester Multifamily and Office Investment

Multi-Family Investment Opportunity

Potential Development Sites for Consideration

Asheville Development Opportunity: 5.94 Acres

Greenville Development Opportunity: 1.33 Acres

Multifamily Development Opportunity in Charlotte

Land Near Shepherd University

Off-Market Properties in Richmond, KY

308 Spangler Dr, Richmond, KY 40475-2383

719 Marietha Dr, Richmond, KY 40475-2091

725 Marietha Dr, Richmond, KY 40475-2090

407 Jason Dr, Richmond, KY 40475-2088

431 Jason Dr, Richmond, KY 40475-2185

713 Marietha Dr, Richmond, KY 40475-2093

431 Gdn City Dr, Richmond, KY 40475-7940

112 Shamrock Ln, Richmond, KY 40475-2711

207 Mcdaniel Dr, Richmond, KY 40475-2703

714 Main St, Richmond, KY 40475-4307

112 Mallory Ct, Richmond, KY 40475-8154

429 Gdn City Dr, Richmond, KY 40475-7942

240 Susan Dr, Richmond, KY 40475-3060

535 Mahaffey Dr, Richmond, KY 40475-2436

220 Tulip Dr, Richmond, KY 40475-7836

244 Wayne Dr, Richmond, KY 40475-2697

248 Wayne Dr, Richmond, KY 40475-2696

250 Wayne Dr, Richmond, KY 40475-2695

242 Wayne Dr, Richmond, KY 40475-2698

708 Main St, Richmond, KY 40475-1893

419 Jason Dr, Richmond, KY 40475-2085

Richmond, KY Apartment Buildings Investment Opportunities Market Analysis

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

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