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Duplex with Month-to-Month Tenancies
For Sale
$289,900
Pending

1045 Merrick Drive, Richmond, KY 40475

Residential Income, Richmond, KY

Property Size2,676 SF
Lot Size0.18 Acres
Days on Market96

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 Bedroom 2, Bathroom 5, Bathroom 1, Bathroom 6, Bathroom 3, Bedroom 4, Bathroom 4, Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 5
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 Pending
APN 0068-008D-0012
Size 2,676 SF
Lot size 0.18 Acres

Utilities

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

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: Sep 12 Last Checked: Sep 22 at 2:06PM
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 1999-built duplex contains 2,676 square feet across two residential units. Both units are currently leased on a month-to-month basis, providing an existing rental arrangement. The property is being sold as-is.

The improvements sit on a 0.1757-acre lot at 1045 Merrick Drive in Richmond, Kentucky. Heating and cooling are provided through electric and heat pump systems, and the building has a shingle roof. The property offers a straightforward two-unit layout for continued residential rental use.

Key Highlights

  • 2,676‑square‑foot duplex built in 1999
  • Two residential units with current month‑to‑month leases
  • Situated on a 0.1757‑acre lot

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Furniture & Home Goods Butcher Florist Garden 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
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?
Duplex - Two-unit residential property with existing month-to-month leases and separate dwelling configurations.
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; Two residential units with current month‑to‑month leases; Situated on a 0.1757‑acre lot
More about this property
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