214 Valley Street, Richmond, KY 40475
MULTI_FAMILY - Richmond, KY
- Added:
- May 8, 2026
- Days on Market:
- 51
- Last Refresh:
- Jun 27 at 2:06 am
Property Features for 214 Valley Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-2
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 2, Bathroom 1, Laundry Room, Bathroom 2, Bedroom 3, Bedroom 1
- Standard status
- Active
- APN
- R012-0003-0001
- Size
- 1,800 SF
- Lot size
- 0.22 Acres
Utilities
- Heating system
- Forced Air, Electric (Heating)
- Cooling system
- Central Air
Building Details
- Floors in Building
- 2
- Number of units
- 2
Listing agent Alexandra Collins (270) 853-3032
Listing office Block + Lot Homes 133 W Short St, Lexington, KY (859) 309-0099
Listing date May 8, 2026
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
- Fully occupied duplex with 2 units (each 2BR/1BA) totaling 4 bedrooms and 2 full baths
- Annual gross rental income is approximately $12,600 with central heat and air in both units
- Washer/dryer hookups in both units; vinyl windows approximately 6 years old
- Recent exterior updates include a new roof in 2023 and new eaves in 2026
- Driveway repairs completed in 2026; carpet and vinyl flooring throughout
- Estimated NOI is approximately $7,481 annually (low operating expenses reported)
Overview
The duplex is located just off the Richmond Bypass near a major retail corridor in Richmond, Kentucky, within Madison County. The property is zoned R-2 and sits on a compact lot size of 0.2207 acres, supporting a straightforward residential income profile.
For tenants, the layout provides two well-sized bedrooms per unit along with central heating and cooling and in-unit laundry hookups. For buyers, this is an income-producing, stabilized duplex with approximately $12,600 in annual gross rental income, noted as below-market rents in the listing remarks. The listing also cites an estimated NOI of approximately $7,481 annually, reflecting comparatively low operating expenses. 214 Valley Street may be purchased together with the adjacent 216 Valley Street as part of a multifamily portfolio, with a negotiated portfolio price available for buyers acquiring both.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Madison
- State
- Kentucky
- Longitude
- -84.271984
- Latitude
- 37.73641
