Income-Producing Duplex in Richmond,
214 Valley Street, Richmond, KY 40475
New
MULTI_FAMILY - Richmond, KY
Property size:
1,800 SFLot size:
0.22 AcresPrice / SF:
$133/SF- Added:
- May 8, 2026
- Days on Market:
- 5
- Last Refresh:
- May 12 at 10:06 pm
Property Features for 214 Valley Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-2
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Laundry Room, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 2
- Standard status
- Active
- APN
- R012-0003-0001
- Size
- 1,800 SF
- Lot size
- 0.22 Acres
Utilities
- Heating system
- Electric (Heating), Forced Air
- 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 Real Estate 133 W Short St, Lexington, KY (859) 309-0099
Listing date May 8, 2026
MLS# 26010673
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
- Fully occupied duplex generating $12,600 annual gross rental income.
- Value‑add opportunity with below‑market rents offering future income upside.
- Located in a high‑demand Richmond location near a major retail corridor.
- New roof (2023) and recent repairs (eaves and driveway in 2026).
- Each unit features 2 bedrooms, 1 bath, central heat and air, and washer/dryer hookups.
- Low operating expenses and an estimated NOI of approximately $7,481 annually.
Overview
The property at 214 Valley Street is a fully occupied duplex located in Richmond, Kentucky. Situated just off the Richmond Bypass near a major retail corridor, the property benefits from strong rental demand. The duplex features two 2-bedroom, 1-bath units, totaling 4 bedrooms and 2 full baths. Each unit includes central heat and air, washer/dryer hookups, vinyl windows approximately six years old, and carpet and vinyl flooring throughout. A new roof was installed in 2023, and new eaves and driveway repairs were completed in 2026. The property is currently 100% occupied and generates approximately $12,600 in annual gross rental income. The property has below-market rents, offering future upside potential for investors. With low operating expenses and an estimated NOI of approximately $7,481 annually, this property presents an opportunity to acquire a stabilized multifamily asset. The lot size is 0.2207 acres, and the property size is 1800 square feet. The zoning is R-2. The adjacent property at 216 Valley Street may be purchased together as a multifamily portfolio, with a negotiated portfolio price available for buyers acquiring both properties.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Madison
- State
- Kentucky
- Longitude
- -84.271984
- Latitude
- 37.73641
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Fully occupied duplex with value-add potential in Richmond, Kentucky.
Where is this duplex located?
The property is located at 214 Valley Street Richmond, KY.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Fully occupied duplex generating $12,600 annual gross rental income.; Value‑add opportunity with below‑market rents offering future income upside.; Located in a high‑demand Richmond location near a major retail corridor.
