Duplex with Two 2BR
For Sale
$235,000
216 Valley Street, Richmond, KY 40475
MULTI_FAMILY - Richmond, KY
Property Size1,800 SF
Lot Size0.24 Acres
Price / SF$130.56
Days on Market97
Property Features for 216 Valley Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Laundry Room, Bathroom 2, 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, second from the end.
Standard status
Active
APN
R012-0003-0003
Size
1,800 SF
Lot size
0.24 Acres
Utilities
Heating system
Ceiling, Electric (Heating)
Cooling system
Wall Unit(s)
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# 26010674
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.
216 Valley Street is a duplex configured with two 2-bedroom, 1-bath units, for a total of 4 bedrooms and 2 full bathrooms. Each unit includes washer/dryer hookups, vinyl windows installed approximately six years ago, LVP flooring throughout, and ceiling cable heat paired with window A/C units. The upper unit also features an updated kitchen.
The property is located just off the Richmond Bypass near a major retail corridor in Richmond, Kentucky. It is currently 100% occupied and the seller reports approximately $16,200 in annual gross rental income.
Recent capital improvements include a new roof completed in 2023 and driveway repairs completed in 2026. Based on the information provided, the property has estimated annual gross income and an estimated NOI of approximately $10,039. This duplex may also be purchased together with the adjacent 214 Valley Street as a multifamily portfolio, with a negotiated portfolio price available for buyers acquiring both properties.
The property is located just off the Richmond Bypass near a major retail corridor in Richmond, Kentucky. It is currently 100% occupied and the seller reports approximately $16,200 in annual gross rental income.
Recent capital improvements include a new roof completed in 2023 and driveway repairs completed in 2026. Based on the information provided, the property has estimated annual gross income and an estimated NOI of approximately $10,039. This duplex may also be purchased together with the adjacent 214 Valley Street as a multifamily portfolio, with a negotiated portfolio price available for buyers acquiring both properties.
Key Highlights
- Fully occupied duplex at 216 Valley Street in Richmond, KY with two 2‑bedroom/1‑bath units
- 2, full baths total; 4 bedrooms total across both units
- Annual gross rental income of approximately $16,200 with an estimated NOI of approximately $10,039
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
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 - Two side-by-side 2-bedroom, 1-bath units with washer/dryer hookups and vinyl windows about six years old.
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 $235,000.
What are key features of this property?
This property features: Fully occupied duplex at 216 Valley Street in Richmond, KY with two 2‑bedroom/1‑bath units; 2, full baths total; 4 bedrooms total across both units; Annual gross rental income of approximately $16,200 with an estimated NOI of approximately $10,039
