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    1017 Merrick Dr Richmond, KY 40475

    For Sale
    $329,000

    MULTI_FAMILY - Richmond, KY

    Property size:
    2,356 SF
    Lot size:
    0.74 Acres
    Days on Market:
    59
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 1017 Merrick Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 4, Bathroom 5, Bedroom 4, Bedroom 2, Bathroom 2
    Bedrooms
    4
    Bathrooms
    4
    APN
    0068-008D-005
    Parking
    5
    Size
    2,356 SF
    Lot size
    0.74 Acres

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Electric, Heat Pump

    Building Details

    Year built
    1997
    Floors in Building
    2
    Number of units
    2
    Roof type
    Shingle, Composition

    Coldwell Banker McMahan 6255559

    Listing agent Ken Ritter (859) 625-5559

    Listing date Oct 8, 2025

    Copyright © 2025 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Richmond Duplex: Investment Opportunity

    This duplex in Richmond, Kentucky, presents an investment opportunity. Located close to town, the interstate, Lake Reba Complex, and Eastern Kentucky University (EKU), the property features two units. Side A includes 2 bedrooms, 1.5 bathrooms, a large living room, and a modern kitchen equipped with appliances. Side B offers 2 bedrooms, 2.5 bathrooms, a large living room, and a modern kitchen with appliances. The property includes a yard suitable for cookouts, play, and relaxation. The property is 100% occupied and currently leased. The lot size is 0.7405 acres, and the property size is 2356 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Madison
    State
    Kentucky
    Longitude
    -84.277439
    Latitude
    37.75357

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    FAQs

    What type of property is this?
    Duplex - Duplex near town, interstate, and EKU. 100% occupied.
    Where is this duplex located?
    The property is located at 1017 Merrick Dr Richmond, KY.
    What is the asking price?
    The asking price for this property is $329,000.
    What are key features of this property?
    This property features: - 100% Occupied and Leased: Immediate rental income stream for investors.; - Duplex: Offers two separate living units.; - Prime Location: Close to Town, Interstate, Lake Reba Complex, and EKU.
    (859) 625-5559
    Request Owner's contact information
    1017 Merrick Dr Richmond, KY 40475
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    Richmond, KY 40475
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1017 Merrick Dr Richmond, KY 40475
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