Richmond Multifamily Investment
156 Hager Avenue, Richmond, KY 40475
MULTI_FAMILY - Richmond, KY
Property size:
2,400 SFLot size:
0.17 AcresPrice / SF:
$275/SF- Added:
- Dec 5, 2025
- Days on Market:
- 168
- Last Refresh:
- May 22 at 10:06 am
Property Features for 156 Hager Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 18
- Bathrooms
- 9
- Rooms
- Bedroom 11, Bedroom 9, Bedroom 15, Bathroom 2, Bathroom 9, Bathroom 10, Laundry Room, Bathroom 4, Bedroom 10, Bedroom 7, Bedroom 12, Bedroom 6, Bathroom 5, Bathroom 1, Bathroom 11, Bedroom 13, Bedroom 1, Bedroom 16, Bedroom 8, Bathroom 8, Bathroom 7, Bathroom 6, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 18, Bathroom 12, Bedroom 3, Bedroom 17, Bedroom 14, Bedroom 2
- Parking
- 4
- Standard status
- Active
- APN
- 0428-0001-0034 0428-0001-0033 0428-0001-0032
- Size
- 2,400 SF
- Lot size
- 0.17 Acres
Utilities
- Heating system
- Electric (Heating), Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1979
- Floors in Building
- 3
- Number of units
- 6
- Roof type
- Composition
Listing agent Sheila Mcbride License #245938 (859) 200-0199
Listing office Freedom Property Management, LLC 247 Rocky Point Rd, East Bernstadt, KY (859) 200-0199
Listing date Dec 5, 2025
MLS# 25507462
Listing URL
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.
HighLights
- Unique investment opportunity: Three duplexes included in sale (156, 158, 160 Hager Drive).
- Immediate cash flow potential with long‑term renters already in place.
- Significant rent increase potential: Current average rents $800 per side, while Richmond market rents range from $1400 to $2100.
- Each unit features individual basements (900 sq ft), main floor (1200 sq ft), and bedroom level (1200 sq ft).
- Each side includes 3 bedrooms, 1.5 baths, laundry hookups, and rear decks.
- Individual electric heating and cooling (Heat Pump & Central Air) for each unit.
Overview
This property presents a unique opportunity for investors seeking long-term growth and immediate cash flow. The offering includes three duplexes located at 156, 158, and 160 Hager Drive in Richmond, KY. Each unit features long-term renters, with some having resided there for 3 to 15 years. Each side of the duplexes averages $800 in rent, while Richmond market rents range from $1400 to $2100. Each side includes individual basements of 900 square feet, a main floor of 1200 square feet, and a bedroom level of 1200 square feet. Each unit has laundry hookups, three bedrooms, and 1.5 baths, along with rear decks. Tenants are responsible for paying their electric bills, while the landlord covers two out of three water bills (each unit has its own meter). The total property size is 2400 square feet, situated on a lot of 0.1722 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Multifamily properties
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Madison
- State
- Kentucky
- Longitude
- -84.343399
- Latitude
- 37.730233
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Three duplexes for sale, offering immediate cash flow potential.
Where is this multifamily property located?
The property is located at 156 Hager Avenue Richmond, KY.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Unique investment opportunity: Three duplexes included in sale (156, 158, 160 Hager Drive).; Immediate cash flow potential with long‑term renters already in place.; Significant rent increase potential: Current average rents $800 per side, while Richmond market rents range from $1400 to $2100.
