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Leased Duplex with Mixed Unit Sizes
For Sale
$289,900

1045 Merrick Dr, Richmond, KY 40475

Two leased units offer a three-bedroom and two-bedroom configuration.

Property Size2,676 SF
Price / SF$108.33
Days on Market33

Property Features for 1045 Merrick Dr

General Information

Standard status Active
Size 2,676 SF
Property subtype Multi-Family
Occupancy 100%

Units

Unit Mix 1 x 3BR/2.5BA, 1 x 2BR/2.5BA
Multifamily Units 2

Building Details

Year Built 1999
Buildings 1
Listing Agency: Plum Tree Realty
Listed By: Chris M Johnson
Source: Sellkentucky
Added: Jul 28 Changed: Aug 29 Last Checked: Aug 29 at 7:19PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Plum Tree Realty

Investment Insights

Based on property information with market context.

This 2,676-square-foot duplex, built in 1999, includes two separate residential units. Unit A contains three bedrooms and two-and-a-half bathrooms, while Unit B provides two bedrooms and two-and-a-half bathrooms. Both units are currently leased, and the property is being sold as-is.

The duplex is located at 1045 Merrick Dr in Richmond, Kentucky, within ZIP code 40475. The distinct unit layouts provide a clearly defined two-unit configuration for residential income ownership.

Key Highlights

  • 2,676‑square‑foot duplex built in 1999
  • Unit A includes 3 bedrooms and 2.5 bathrooms
  • Unit B includes 2 bedrooms and 2.5 bathrooms

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Furniture & Home Goods Butcher Florist Tech Support 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
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

316
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 - Two leased units offer a three-bedroom and two-bedroom configuration.
Where is this duplex located?
The property is located at 1045 Merrick Dr Richmond, KY.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 2,676‑square‑foot duplex built in 1999; Unit A includes 3 bedrooms and 2.5 bathrooms; Unit B includes 2 bedrooms and 2.5 bathrooms
More about this property
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