Income Duplex with Two 2BR
For Sale
$235,000
214 Valley Street, Richmond, KY 40475
MULTI_FAMILY - Richmond, KY
Property Size1,800 SF
Lot Size0.22 Acres
Price / SF$130.56
Days on Market97
Property Features for 214 Valley Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bedroom 4, Laundry Room, Bathroom 2, Bathroom 1, Bedroom 2
Subdivision
Ramsey Addition
Elementary school
Daniel Boone
Middle school
Michael Caudill
High school
Madison Central
Elementary school district
Madison County - 8
Middle school district
Madison County - 8
High school district
Madison County - 8
Directions
I-75 S to Exit 90A, follow Eastern Bypass to a right on US-25. Take the first right onto Northland Drive and follow to the end.Take Sunrise Drive to left on Valley Street - property will be on the left, third from the end.
Standard status
Active
APN
R012-0003-0001
Size
1,800 SF
Lot size
0.22 Acres
Utilities
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air
Building Details
Floors in Building
2
Number of units
2
Listing Agency:
Block + Lot Homes
(859) 309-0099
Listed By:
Alexandra Collins
(270) 853-3032
Added: May 8
Changed: Jul 17
Last Checked: Aug 12 at 12:06AM
MLS# 26010673
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.
Investment Insights
Based on property information with market context.
214 Valley Street is a duplex configured as two separate 2-bedroom, 1-bath units. Each unit is equipped with central heat and air, washer/dryer hookups, and vinyl windows that are approximately six years old, with carpet and vinyl flooring throughout. The exterior and key components have seen recent updates, including a new roof in 2023, new eaves in 2026, and driveway repairs completed in 2026. The property is currently 100% occupied.
The duplex is located just off the Richmond Bypass near a major retail corridor in Richmond, Kentucky, within Madison County. The property is zoned R-2 and sits on a compact lot size of 0.2207 acres, supporting a straightforward residential income profile.
For tenants, the layout provides two well-sized bedrooms per unit along with central heating and cooling and in-unit laundry hookups. For buyers, this is an income-producing, stabilized duplex with approximately $12,600 in annual gross rental income, noted as below-market rents in the listing remarks. The listing also cites an estimated NOI of approximately $7,481 annually, reflecting comparatively low operating expenses. 214 Valley Street may be purchased together with the adjacent 216 Valley Street as part of a multifamily portfolio, with a negotiated portfolio price available for buyers acquiring both.
The duplex is located just off the Richmond Bypass near a major retail corridor in Richmond, Kentucky, within Madison County. The property is zoned R-2 and sits on a compact lot size of 0.2207 acres, supporting a straightforward residential income profile.
For tenants, the layout provides two well-sized bedrooms per unit along with central heating and cooling and in-unit laundry hookups. For buyers, this is an income-producing, stabilized duplex with approximately $12,600 in annual gross rental income, noted as below-market rents in the listing remarks. The listing also cites an estimated NOI of approximately $7,481 annually, reflecting comparatively low operating expenses. 214 Valley Street may be purchased together with the adjacent 216 Valley Street as part of a multifamily portfolio, with a negotiated portfolio price available for buyers acquiring both.
Key Highlights
- Fully occupied duplex with two 2‑bedroom, 1‑bath units (4 bedrooms, 2 full baths total)
- Central air and forced‑air/electric heat in both units, with washer/dryer hookups
- New roof in 2023; driveway repairs completed in 2026; new eaves installed in 2026
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
876
Businesses Nearby
Explore this area
Business Placement
Demographics for 40475, KY
62,531
Population
28,118
Households
2.2
Avg Household Size
35
Median Age
37%
College-Educated
93%
High-School Grad
287.3 sq mi
ZIP Area
218
Density / Sq Mi
$62,731
Median Household Income
$35,102
Median Earnings
$863
Median Rent
$232,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with central heat and air, updated windows and flooring, and recent exterior improvements for steady rental operations.
Where is this duplex located?
The property is located at 214 Valley Street Richmond, KY.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Fully occupied duplex with two 2‑bedroom, 1‑bath units (4 bedrooms, 2 full baths total); Central air and forced‑air/electric heat in both units, with washer/dryer hookups; New roof in 2023; driveway repairs completed in 2026; new eaves installed in 2026
