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Duplex with Month-to-Month Leases
For Sale
$289,900

1045 Merrick Drive, Richmond, KY 40475

MULTI_FAMILY - Richmond, KY

Property Size2,676 SF
Lot Size0.18 Acres
Price / SF$108.33
Days on Market49

Property Features for 1045 Merrick Drive

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description Multi-Housing
Bedrooms 5
Bathrooms 5
Full bathrooms 4
Half bathrooms 2
Rooms Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 4, Bathroom 1, Bathroom 5, Bathroom 2, Bathroom 6, Bedroom 5, Bedroom 1, Bedroom 3
Parking 5
Subdivision Merrick Heights
Elementary school Daniel Boone
Middle school Clark-Moores
High school Madison Central
Elementary school district Madison County - 8
Middle school district Madison County - 8
High school district Madison County - 8
Directions US 421/25 to left on Merrick dr. Property on right
Standard status Active
APN 0068-008D-0012
Size 2,676 SF
Lot size 0.18 Acres

Utilities

Heating system Electric (Heating), Heat Pump (Heating)
Cooling system Electric, Heat Pump

Building Details

Year built 1999
Number of units 2
Roof type Shingle
Listing Agency: Plum Tree Realty
Listed By: Chris M Johnson
Added: Jun 19 Changed: Aug 3 Last Checked: Aug 6 at 10:06AM
MLS# 26014321

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 2,676 square feet within a two-unit residential configuration. Built in 1999, the property has electric heating and cooling with heat pump systems, along with a shingle roof. Both units are leased month to month, providing an existing rental arrangement for the next owner.

The property occupies approximately 0.1757 acres in Richmond, Kentucky. It is being offered in as-is condition, allowing purchasers to evaluate the existing improvements, systems, and tenancy directly. Unit-specific bedroom and bathroom details are not summarized because the available property information contains conflicting descriptions.

Key Highlights

  • 2,676‑square‑foot duplex
  • Built in 1999
  • Both units leased month to month

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

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

284
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
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit residential income property with both units leased on a month-to-month basis.
Where is this duplex located?
The property is located at 1045 Merrick Drive 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; Both units leased month to month
More about this property
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