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Duplex with Updated Kitchen
For Sale
$235,000

216 Valley St, Richmond, KY 40475

Two residential units feature LVP flooring, washer/dryer hookups, and separate window air-conditioning units.

Property Size1,800 SF
Price / SF$130.56
Days on Market114

Property Features for 216 Valley St

General Information

Standard status Active
Size 1,800 SF
Property subtype Residential Income
Occupancy 100%
Net Operating Income $10,039

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Additional Details

Gross Income $16,200
Highway Access Yes

Building Details

Buildings 1
Listing Agency: Block + Lot Homes
Listed By: Alexandra Collins
Source: Exprealty
Added: May 8 Changed: Aug 29 Last Checked: Aug 29 at 7:42PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Block + Lot Homes

Investment Insights

Based on property information with market context.

This 1,800-square-foot duplex contains two residential units, each configured with two bedrooms and one full bathroom, for a combined total of four bedrooms and two full baths. Both units have washer/dryer hookups, LVP flooring, vinyl windows approximately six years old, ceiling cable heat, and window A/C units. The upper residence includes an updated kitchen. A roof replacement was completed in 2023, and driveway repairs were completed in 2026.

The property is fully occupied and positioned just off the Richmond Bypass near a major retail corridor in Richmond, Kentucky. The address is 216 Valley St. The neighboring 214 Valley Street may also be acquired as part of a multifamily portfolio.

Key Highlights

  • Two‑unit duplex with 1,800 square feet and a total of four bedrooms and two full baths
  • Both units include washer/dryer hookups, LVP flooring, ceiling cable heat, and window A/C units
  • Upper unit has an updated kitchen

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Florist Butcher Daycare Center 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
100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

876
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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two residential units feature LVP flooring, washer/dryer hookups, and separate window air-conditioning units.
Where is this duplex located?
The property is located at 216 Valley St Richmond, KY.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,800 square feet and a total of four bedrooms and two full baths; Both units include washer/dryer hookups, LVP flooring, ceiling cable heat, and window A/C units; Upper unit has an updated kitchen
More about this property
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