Remodeled Two-Unit
For Sale
$335,000
1028 Merrick, Richmond, KY 40475
Residential Income, Richmond, KY
Property Size2,350 SF
Lot Size0.22 Acres
Price / SF$142.55
Days on Market184
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
Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 3, Bedroom 4, Bathroom 1
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
pull-down attic stair access
Building Details
Year built
1999
Floors in Building
2
Flooring type
Carpet, Hardwood, Tile
Building materials
Vinyl Siding, Brick
Roof type
Asphalt
Listing Agency:
Grateful Acres Realty
(931) 367-1584
Listed By:
Makenzie Griffis · License #373232
(931) 551-1612
Added: Mar 23
Changed: Sep 17
Last Checked: Sep 22 at 2:06PM
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 two-unit duplex contains approximately 2,350 square feet across two separately occupied residences. Side 1 provides approximately 1,250 square feet and has been remodeled, while Side 2 contains approximately 1,100 square feet and offers an opportunity for updates. One unit is leased month-to-month and the other is subject to a year-long lease. Each residence has separate electric and water meters, with tenants responsible for electric, water, and trash. The property is all-electric, served by public water and sewer, and both HVAC systems were replaced in September 2018.
Built in 1999 on a 0.22-acre lot, the duplex features vinyl siding and brick, bay windows, stone detailing, and pull-down attic access in both units. A detached rear storage building provides additional utility space. The property is located in Richmond near Eastern Kentucky University, shopping, dining, healthcare, Lake Reba Park, and Paradise Cove Aquatic Center. There is no HOA.
Built in 1999 on a 0.22-acre lot, the duplex features vinyl siding and brick, bay windows, stone detailing, and pull-down attic access in both units. A detached rear storage building provides additional utility space. The property is located in Richmond near Eastern Kentucky University, shopping, dining, healthcare, Lake Reba Park, and Paradise Cove Aquatic Center. There is no HOA.
Key Highlights
- Two‑unit duplex with approximately 2,350 square feet
- Side 1 offers approximately 1,250 sq ft; Side 2 offers approximately 1,100 sq ft
- Separate electric and water metering for each unit
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
316
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Income property with separate utility metering, flexible lease terms, and public water and sewer service.
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‑unit duplex with approximately 2,350 square feet; Side 1 offers approximately 1,250 sq ft; Side 2 offers approximately 1,100 sq ft; Separate electric and water metering for each unit
