Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    156 160 Richmond, KY 40475

    Sponsored
    For Sale
    $660,000

    MULTI_FAMILY - Richmond, KY

    Property size:
    2,400 SF
    Lot size:
    0.17 Acres
    Days on Market:
    21
    Last Refresh:
    Jan 6 at 2:06 am

    Property Features for 156 160

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bathroom 10, Bedroom 15, Bathroom 5, Bedroom 7, Bedroom 17, Bedroom 3, Bathroom 2, Bathroom 6, Bathroom 8, Bathroom 11, Bedroom 11, Bedroom 12, Bedroom 6, Bedroom 4, Bedroom 1, Bedroom 14, Bathroom 9, Bedroom 9, Bathroom 4, Bedroom 13, Bathroom 12, Bathroom 3, Bedroom 8, Bathroom 1, Bedroom 10, Bathroom 7, Laundry Room, Bedroom 5, Bedroom 16, Bedroom 2, Bedroom 18
    Bedrooms
    18
    Bathrooms
    9
    APN
    0428-0001-0034 0428-0001-0033 0428-0001-0032
    Parking
    4
    Size
    2,400 SF
    Lot size
    0.17 Acres

    Utilities

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

    Building Details

    Year built
    1979
    Floors in Building
    3
    Number of units
    6
    Roof type
    Composition

    Freedom Property Management, LLC (859) 200-0199

    Listing agent Sheila Mcbride (859) 200-0199

    Listing date Dec 17, 2025

    Copyright © 2026 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 Multifamily Investment Opportunity

    This offering presents a unique investment opportunity with three duplexes located on Hager Drive in Richmond, Kentucky. The properties, situated at 156, 158, and 160 Hager Drive, are being sold as is, with inspections welcomed. Each duplex features individual basements, laundry hookups, three bedrooms, and 1.5 bathrooms, along with rear decks. The total property size is 2400 square feet, situated on a lot of 0.1722 acres. The properties are currently occupied by long-term renters with lease durations ranging from 3 to 15 years. The average rent per side is $800, while Richmond market rents range from $1400 to $2100. Tenants are responsible for electric, while the landlord covers two of the three water bills, with each unit having its own meter. This property is suited for investors seeking long-term growth and immediate cash flow.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Richmond
    County
    Madison
    State
    Kentucky
    Longitude
    -84.343399
    Latitude
    37.730233

    Nearby Similar for Sale

    • $4,400,000
      2.17 Acres

      Profitable Restaurant Investment Opportunity

      Turnkey restaurant in high-traffic location near EKU.
      240 Eastern Pass, Richmond, KY 40475
      View Details
    • $299,000
      Pending

      Richmond Commercial Property with Updates

      Updated commercial property featuring spacious rooms and park-like backyard.
      454 Big Hill Ave, Richmond, KY 40475
      View Details
    • $875,000
      5,100 SF

      Converted Warehouse with Income Potential

      Unique mixed-use property in downtown Richmond with residential and commercial spaces.
      105 E St, Richmond, KY 40475
      View Details
    • $315,000
      1,231 SF

      Richmond Commercial Property with Workshop

      Richmond property featuring a house and office/workshop space.
      314 N 2Nd St, Richmond, KY 40475
      View Details
    • $359,900
      2,800 SF

      Richmond Kentucky Multifamily Investment Property

      Well-kept fourplex near Eastern Kentucky University with income potential.
      228 Magnolia Dr, Richmond, KY 40475
      View Details
    • $385,000
      1,784 SF

      Richmond Commercial Opportunity Near Downtown

      Former bar near downtown Richmond with commercial potential and expansion.
      525 E Irvine St, Richmond, KY 40475
      View Details
    • Contact for pricing
      0.64 Acres

      Richmond Commercial Opportunity For Sale

      Former bar near downtown Richmond with commercial potential.
      Richmond, KY 40475
      View Details
    • $209,000
      Pending

      Richmond Multifamily Property For Sale

      Multifamily property near downtown and EKU, fully rented and renovated.
      602 Norwood Dr, Richmond, KY 40475
      View Details
    • $185,000
      1,280 SF

      Remodeled Office Building in Richmond

      Completely remodeled office building in downtown Richmond with high visibility.
      825 E Main St, Richmond, KY 40475
      View Details
    • $280,000
      3,000 SF

      Income-Producing Richmond Fourplex For Sale

      Four-unit multifamily property with long-term tenants and recent updates.
      403 Turpin Dr, Richmond, KY 40475
      View Details
    • $299,900
      2,824 SF

      Richmond Duplex with Downtown Location

      Large duplex in downtown Richmond, convenient to amenities.
      512 W Main St, Richmond, KY 40475
      View Details
    • $875,000
      1,629 SF

      Versatile Commercial Property, Richmond, KY

      Commercial property with office, garage, and additional lots.
      1603 E Main St, Richmond, KY 40475
      View Details

    FAQs

    What type of property is this?
    Duplex - Three duplexes for sale in Richmond, Kentucky.
    Where is this duplex located?
    The property is located at 156 160 Richmond, KY.
    What is the asking price?
    The asking price for this property is $660,000.
    What are key features of this property?
    This property features: - Three duplexes offered: Immediate cash flow and long-term growth potential.; - Significant rental income upside: Current average rents of $800 per side, Richmond market rents range from $1400 to $2100.; - Each unit features 3 bedrooms and 1.5 baths, appealing to a broad tenant base.
    (859) 200-0199
    Request Owner's contact information
    156 160 Richmond, KY 40475
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    156 160
    Richmond, KY 40475
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    156 160 Richmond, KY 40475
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.