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Occupied Duplex with Updated Kitchen
For Sale
$235,000

216 Valley Street, Richmond, KY 40475

Residential Income, Richmond, KY

Property Size1,800 SF
Lot Size0.24 Acres
Price / SF$130.56
Days on Market142

Property Features for 216 Valley Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning R-2
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Laundry Room, Bedroom 3, Bedroom 2
Subdivision Ramsey Addition
Elementary school Daniel Boone
Middle school Michael Caudill
High school Madison Central
Elementary school district Madison County - 8
Middle school district Madison County - 8
High school district Madison County - 8
Directions I-75 S to Exit 90A, follow Eastern Bypass to a right on US-25. Take the first right onto Northland Drive and follow to the end.Take Sunrise Drive to left on Valley Street - property will be on the left, second from the end.
Standard status Active
APN R012-0003-0003
Size 1,800 SF
Lot size 0.24 Acres

Utilities

Heating system Electric (Heating), Ceiling
Cooling system Wall Unit(s)

Building Details

Floors in Building 2
Number of units 2
Listing Agency: Block + Lot Homes
Listed By: Alexandra Collins
Added: May 8 Changed: Sep 12 Last Checked: Sep 26 at 3:06PM
MLS# 26010674

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 duplex at 216 Valley Street contains two 2-bedroom, 1-bath residences totaling 1,800 square feet. Both units have washer/dryer hookups, vinyl windows approximately six years old, LVP flooring throughout, ceiling cable heat, and window A/C units. The upper residence includes an updated kitchen, while the property also benefits from a roof installed in 2023 and driveway repairs completed in 2026. The lot encompasses 0.241 acres and the property is zoned R-2.

The duplex is fully occupied and positioned just off the Richmond Bypass near a major retail corridor in Richmond, Kentucky. Adjacent 214 Valley Street is also available for purchasers considering a combined multifamily acquisition. The property includes two bedrooms and one full bath in each unit, along with a laundry room and four total bedrooms.

Key Highlights

  • Two 2‑bedroom, 1‑bath units totaling 1,800 square feet
  • 100% occupied duplex on a 0.241‑acre lot
  • R‑2 zoning in Richmond, KY 40475

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Florist Butcher Storage Facility Daycare Center

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

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
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 residential units include washer/dryer hookups, LVP flooring, and an updated kitchen in the upper unit.
Where is this duplex located?
The property is located at 216 Valley Street 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 2‑bedroom, 1‑bath units totaling 1,800 square feet; 100% occupied duplex on a 0.241‑acre lot; R‑2 zoning in Richmond, KY 40475
More about this property
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