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Richmond Duplex: Income and Potential

1028 Merrick, Richmond, KY 40475

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For Sale

$335,000

Multi-Unit (2-4), Contemporary - Richmond, KY

Property size:

2,350 SF

Lot size:

0.22 Acres

Price / SF:

$142/SF

HighLights

Income‑producing duplex property with two separate units, offering immediate rental income.
Tenants responsible for all utilities due to separately metered electric and water.
Convenient Richmond, KY location, close to Eastern Kentucky University, shopping, dining and more.
One unit is remodeled, while the other offers the opportunity for updates.
HVAC systems for both units were replaced in September 2018.
Exterior features include bay windows, stonework detailing, and laser‑engraved address.

We can help!

Listing Contact

MaKenzie Griffis

For Sale

$335,000

Multi-Unit (2-4), Contemporary - Richmond, KY

Property size:

2,350 SF

Lot size:

0.22 Acres

Price / SF:

$142/SF

Added:: Mar 23, 2026
Days on Market:: 92
Last Refresh:: Jun 22 at 7:06 am

Property Features for 1028 Merrick

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: 100
Bedrooms: 4
Bathrooms: 4
Rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
Parking features: Garage
Appliances: Dishwasher, Refrigerator, Washer
Standard status: Active
Size: 2,350 SF
Lot size: 0.22 Acres

Taxes and HOA fees

Tax Annual Amount: 1651

Utilities

Heating system: Electric (Heating), Forced Air
Cooling system: Central Air

Building Details

Year built: 1999
Year renovated: 1999
Floors in Building: 2
Flooring type: Carpet, Hardwood, Tile
Building materials: Brick, Vinyl Siding
Roof type: Asphalt
Architectural style: Contemporary

We can help!

Listing Contact

MaKenzie Griffis

Listing agent MaKenzie Griffis

Listing office Grateful Acres Realty 2791 Cascade Dr, Clarksville, KY

Listing date Mar 23, 2026

MLS# 11738818 Listing URL

HighLights

Income‑producing duplex property with two separate units, offering immediate rental income.
Tenants responsible for all utilities due to separately metered electric and water.
Convenient Richmond, KY location, close to Eastern Kentucky University, shopping, dining and more.
One unit is remodeled, while the other offers the opportunity for updates.
HVAC systems for both units were replaced in September 2018.
Exterior features include bay windows, stonework detailing, and laser‑engraved address.

Overview

Located in Richmond, KY, this duplex property presents an opportunity for investors or owner-occupants seeking an income-producing property. It features two units with separate living spaces and utilities. Side 1, remodeled and offering approximately 1,250 sq ft, is leased month-to-month. Side 2, providing approximately 1,100 sq ft, is currently leased on a year-long basis and offers the opportunity for updates. Each unit is separately metered for electric and water, with tenants responsible for all utilities, including electric, water, and trash. The property is serviced by city water and sewer and operates as all-electric. The HVAC systems for both units were replaced in September 2018. Exterior features include bay windows on both sides, stonework detailing with keystones above the windows, and a laser-engraved address in stone. A rear storage building provides space for lawn equipment, and both units include pull-down attic stair access for additional storage. The property has no HOA. Situated on a 0.22-acre lot, the property is located close to Eastern Kentucky University, local shopping, dining, and healthcare facilities. Outdoor recreation is available nearby at Lake Reba Park and Paradise Cove Aquatic Center. Neighboring cities such as Lexington, Berea, and Nicholasville provide additional employment, entertainment, and dining options. The property size is 2,350 square feet.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Richmond
County: Madison
State: Kentucky
Longitude: -84.277041
Latitude: 37.752979

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For sale
Duplexes
KY
Richmond
40475
1028 Merrick

What type of property is this?

Duplex - Income-producing duplex in Richmond, KY, near EKU and amenities.

Where is this duplex located?

The property is located at 1028 Merrick Richmond, KY.

What is the asking price?

The asking price for this property is $335,000.

What are key features of this property?

This property features: Income‑producing duplex property with two separate units, offering immediate rental income.; Tenants responsible for all utilities due to separately metered electric and water.; Convenient Richmond, KY location, close to Eastern Kentucky University, shopping, dining and more.

1028 Merrick, Richmond, KY 40475

Multi-Unit (2-4), Contemporary - Richmond, KY

Property Features for 1028 Merrick

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Signalized Intersection Mixed-Use Property

Restaurant Building with Walk-In Cooler

Richmond, KY Commercial Opportunity

Duplex with Attached Garages

Richmond Conference Hall For Sale

Leased Duplex Income Property

Versatile Flex Space in Richmond

Versatile Mixed-Use Property, Richmond, KY

Richmond, KY Commercial Space

Turnkey Duplex Income Property

Converted Warehouse with Income Potential

Income Duplex with Two 2BR Units

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