Income-Producing Duplex in Richmond,
216 Valley Street, Richmond, KY 40475
New
MULTI_FAMILY - Richmond, KY
Property size:
1,800 SFLot size:
0.24 AcresPrice / SF:
$133/SF- Added:
- May 8, 2026
- Days on Market:
- 5
- Last Refresh:
- May 12 at 10:06 pm
Property Features for 216 Valley Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-2
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2, Laundry Room, Bedroom 3
- Standard status
- Active
- APN
- R012-0003-0003
- Size
- 1,800 SF
- Lot size
- 0.24 Acres
Utilities
- Heating system
- Electric (Heating), Ceiling
- Cooling system
- Wall Unit(s)
Building Details
- Floors in Building
- 2
- Number of units
- 2
Listing agent Alexandra Collins (270) 853-3032
Listing office Block + Lot Real Estate 133 W Short St, Lexington, KY (859) 309-0099
Listing date May 8, 2026
MLS# 26010674
Listing URL
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.
HighLights
- Fully occupied duplex generating $16,200 annual gross rental income and approximately $10,039 NOI.
- Located in a high‑demand Richmond, Kentucky location near a major retail corridor.
- New roof installed in 2023.
- Both units feature washer/dryer hookups and LVP flooring throughout.
- Vinyl windows approximately six years old.
- Opportunity to purchase adjacent property (214 Valley Street) as a multifamily portfolio.
Overview
The property at 216 Valley Street presents an opportunity to acquire a fully occupied, income-producing duplex in Richmond, Kentucky. Situated just off the Richmond Bypass near a major retail corridor, the property benefits from strong rental demand and limited multifamily inventory in the area. The property features two units, each with 2 bedrooms and 1 bath, totaling 4 bedrooms and 2 full baths. Both units include washer/dryer hookups, vinyl windows approximately six years old, LVP flooring throughout, and ceiling cable heat with window A/C units. The upper unit also features an updated kitchen. Recent improvements include a new roof in 2023 and driveway repairs completed in 2026. Currently 100% occupied, the property generates approximately $16,200 in annual gross rental income. With low operating expenses and an estimated NOI of approximately $10,039 annually, 216 Valley Street presents a strong opportunity to acquire a stabilized multifamily asset in a high-demand Richmond location. The property has a lot size of 0.241 acres and a property size of 1800 square feet. The zoning is R-2. 216 Valley Street and adjacent 214 Valley Street may be purchased together as a multifamily portfolio, with a negotiated portfolio price available for buyers acquiring both properties.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Madison
- State
- Kentucky
- Longitude
- -84.27194
- Latitude
- 37.736544
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Fully occupied duplex near Richmond Bypass with strong rental demand.
Where is this duplex located?
The property is located at 216 Valley Street Richmond, KY.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Fully occupied duplex generating $16,200 annual gross rental income and approximately $10,039 NOI.; Located in a high‑demand Richmond, Kentucky location near a major retail corridor.; New roof installed in 2023.
