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Two-Unit Brick Duplex
For Sale
$320,000

1048 Blackwell Court, Richmond, KY 40475

Residential Income, Richmond, KY

Property Size2,680 SF
Lot Size0.18 Acres
Price / SF$119.40
Days on Market12

Property Features for 1048 Blackwell Court

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning R-2
Bedrooms 5
Bathrooms 4
Full bathrooms 3
Half bathrooms 1
Rooms Bathroom 4, Bedroom 5, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 3, Bathroom 1, Laundry Room, Bedroom 4
Subdivision Creekside
Elementary school Kirksville
Middle school Madison Mid
High school Madison Central
Elementary school district Madison County - 8
Middle school district Madison County - 8
High school district Madison County - 8
Directions From I-75, take Exit 87 toward Richmond onto Eastern Bypass. Travel approximately 1 mile and turn right onto Lancaster Avenue. Continue approximately 0.6 mile, then turn right onto Elizabeth Drive. Turn right onto Reynolds Drive; follow it as it curves and becomes Blackwell Court. 1048 Blackwell Court will be on the right at the cul-de-sac
Standard status Active
APN 0056-0006-0117
Size 2,680 SF
Lot size 0.18 Acres

Utilities

Heating system Heat Pump (Heating)
Cooling system Heat Pump

Amenities

yard
garage

Building Details

Year built 1998
Floors in Building 2
Number of units 2
Listing Agency: United Real Estate Bluegrass
Listed By: Anita O Brown
Added: Sep 26 Changed: Oct 6 Last Checked: Oct 7 at 12:06AM
MLS# 26026658

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 brick duplex contains 2,680 square feet across two residences on a 0.1757-acre parcel. One unit has three bedrooms and two full bathrooms; the other includes two bedrooms and one and a half bathrooms. Each residence has its own full garage. Heat pumps provide heating and cooling, and the property was built in 1998. Carpet has been removed from areas that were previously carpeted, leaving subfloor exposed in those locations.

The property is in Richmond, Kentucky, with access to Eastern Kentucky University nearby and I-75 a short drive away. It is zoned R-2.

Key Highlights

  • Two residences with a combined 5 bedrooms and 3.5 bathrooms
  • 2,680 square feet on a 0.1757‑acre parcel
  • Three‑bedroom unit includes 2 full bathrooms and a full garage

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Pharmacy HVAC Service Locksmith Storage Facility

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
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

638
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 separate residences offer private garages and a combined five-bedroom layout.
Where is this duplex located?
The property is located at 1048 Blackwell Court Richmond, KY.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two residences with a combined 5 bedrooms and 3.5 bathrooms; 2,680 square feet on a 0.1757‑acre parcel; Three‑bedroom unit includes 2 full bathrooms and a full garage
More about this property
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