Duplex with Separate
For Sale
$335,000
1028 Merrick, Richmond, KY 40475
MULTI_FAMILY - Richmond, KY
Property Size2,350 SF
Lot Size0.22 Acres
Price / SF$142.55
Days on Market137
Property Features for 1028 Merrick
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 4, Bathroom 3
Directions
GPS the address and it will take you to the property.
Standard status
Active
Size
2,350 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Annual Amount
1651
Utilities
Heating system
Electric (Heating), Forced Air
Water source
Public
Amenities
rear storage building
attic storage
Building Details
Year built
1999
Floors in Building
2
Flooring type
Hardwood, Tile, Carpet
Building materials
Vinyl Siding, Brick
Roof type
Asphalt
Listing Agency:
Grateful Acres Realty
(931) 367-1584
Listed By:
Makenzie Griffis · License #373232
(931) 367-1584
Added: Mar 23
Changed: Aug 5
Last Checked: Aug 6 at 7:06PM
MLS# 11738818
Copyright © 2026 My State MLS. 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 includes two separate living spaces with independent utility metering. Side 1 is approximately 1,250 SF and is leased month-to-month. Side 2 is approximately 1,100 SF and is currently leased on a year-long lease. Side 1 has been remodeled, while Side 2 offers opportunities for updates.
The property is serviced by city water and sewer and is all-electric with no gas. Each unit is separately metered for electric and water, with tenants responsible for electric, water, and trash. HVAC systems for both units were replaced in September 2018. Built in 1999, the duplex features vinyl siding and brick construction with an asphalt roof, hardwood, tile, and carpet flooring, and exterior details including bay windows, stonework with keystones above the windows, and a laser-engraved address in stone.
Additional amenities include a rear storage building for lawn equipment and pull-down attic stair access for extra storage. There is no HOA.
The property is serviced by city water and sewer and is all-electric with no gas. Each unit is separately metered for electric and water, with tenants responsible for electric, water, and trash. HVAC systems for both units were replaced in September 2018. Built in 1999, the duplex features vinyl siding and brick construction with an asphalt roof, hardwood, tile, and carpet flooring, and exterior details including bay windows, stonework with keystones above the windows, and a laser-engraved address in stone.
Additional amenities include a rear storage building for lawn equipment and pull-down attic stair access for extra storage. There is no HOA.
Key Highlights
- Two units separately metered for electric and water; tenants pay electric, water, and trash
- Side 1 is approximately 1,250 SF, leased month‑to‑month; Side 2 is approximately 1,100 SF with a year‑long lease
- HVAC systems for both units replaced in September 2018
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
284
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 - Duplex with two units separately metered for electric and water, plus city water and sewer and replaced HVAC in 2018.
Where is this duplex located?
The property is located at 1028 Merrick Richmond, KY.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Two units separately metered for electric and water; tenants pay electric, water, and trash; Side 1 is approximately 1,250 SF, leased month‑to‑month; Side 2 is approximately 1,100 SF with a year‑long lease; HVAC systems for both units replaced in September 2018
