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Triplex with Commercial Space
New
For Sale
$350,000

401 North Street, Richmond, KY 40475

Residential Income, Richmond, KY

Property Size3,224 SF
Lot Size0.15 Acres
Price / SF$108.56
Days on Market2

Property Features for 401 North Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning B-3
Zoning description Commercial and rental
Bedrooms 3
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 3, Laundry Room, Bathroom 2, Bedroom 3
Parking features On Street
Elementary school Daniel Boone
Middle school Madison Mid
High school Madison Central
Elementary school district Madison County - 8
Middle school district Madison County - 8
High school district Madison County - 8
Directions From Main St. take 3rd St. and left on North.
Subdivision 008 - Madison County
Standard status Active
APN R008-0001-0015
Size 3,224 SF
Lot size 0.15 Acres

Utilities

Utilities Cable Available
Heating system Heat Pump (Heating)
Cooling system Heat Pump

Building Details

Floors in Building 2
Number of units 3
Roof type Rubber
Listing Agency: CENTURY 21 Advantage Realty
Listed By: Debbie L Clark
Added: Sep 8 Last Checked: Sep 9 at 10:06PM
MLS# 26024679

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 B-3 triplex contains 3,224 square feet on a 0.15-acre parcel. The 1,612-square-foot main level is designated commercial, while the second floor includes two apartments: a 982-square-foot, two-bedroom, one-bath unit and a 476-square-foot, one-bedroom, one-bath unit.

Each unit has its own entrance, electric service, HVAC system, water heater, windows, and doors. The HVAC systems, water heaters, windows, and doors were installed in 2024, and the stairs have been repaired or replaced. On-street parking is available, with cable service listed for the property.

Key Highlights

  • 3,224‑square‑foot triplex on a 0.15‑acre parcel
  • B‑3 zoning with 1,612 square feet of commercial space on the main floor
  • Two second‑floor apartments: 982 SF with 2 bedrooms and 1 bath; 476 SF with 1 bedroom and 1 bath

Property Analytics

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Current Use

Sunshiine Photography Photography Service

Suggested Use

Top Pick Dental Office Real Estate Agency Parking Lot & Garage (Bike/Boat/Book/etc) Store Carpet & Flooring Store Food Market

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
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

821
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Triplex - B-3 property combining a commercial ground floor with two separately entered apartments.
Where is this triplex located?
The property is located at 401 North Street Richmond, KY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 3,224‑square‑foot triplex on a 0.15‑acre parcel; B‑3 zoning with 1,612 square feet of commercial space on the main floor; Two second‑floor apartments: 982 SF with 2 bedrooms and 1 bath; 476 SF with 1 bedroom and 1 bath
More about this property
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