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Two-Unit Duplex with Central Air
For Sale
$275,000
Pending

325 S 3rd Street, Richmond, KY 40475

MULTI_FAMILY - Richmond, KY

Property Size3,360 SF
Lot Size0.29 Acres
Days on Market25

Property Features for 325 S 3rd Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 2
Subdivision Downtown
Elementary school Daniel Boone
Middle school Madison Central
High school Madison Central
Elementary school district Madison County - 8
Middle school district Madison County - 8
High school district Madison County - 8
Directions From Lexington, take I-75 South to Exit 90A toward Downtown Richmond. Continue on Lexington Rd/W Main St, turn left onto S 3rd St. Property is on the left at 325 S 3rd St.
Standard status Pending
APN R006-0011-0013
Size 3,360 SF
Lot size 0.29 Acres

Utilities

Heating system Electric (Heating)
Cooling system Central Air

Building Details

Year built 1950
Roof type Shingle
Listing Agency: Lifstyl Real Estate
Listed By: M Scott Peace · License #240444
Added: Jul 30 Changed: Aug 11 Last Checked: Aug 23 at 7:06AM
MLS# 26020390

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.

This duplex contains 3,360 square feet on a 0.294-acre lot and was built in 1950. The upper residence has three bedrooms and two bathrooms, while the lower residence includes two bedrooms and one bathroom. Both units are currently rented, providing an existing income-producing configuration. Electric heating and central air serve the property, and the roof is finished with shingles.

The property is located in Richmond near Eastern Kentucky University, downtown, shopping, restaurants, and campus amenities. Its two-unit layout provides distinct residential spaces within a single building, with a five-bedroom, three-bathroom configuration overall.

Key Highlights

  • 3‑bedroom/2‑bath upper unit paired with a 2‑bedroom/1‑bath lower unit
  • 3,360 square feet on 0.294 acres
  • Both units are currently rented

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Parking Lot & Garage Carpet & Flooring Store Home Appliance Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

835
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Separate three-bedroom and two-bedroom residences offer a practical mix of layouts near campus, downtown, shopping, and restaurants.
Where is this duplex located?
The property is located at 325 S 3rd Street Richmond, KY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 3‑bedroom/2‑bath upper unit paired with a 2‑bedroom/1‑bath lower unit; 3,360 square feet on 0.294 acres; Both units are currently rented
More about this property
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