216 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 216 Valley Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-2
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1, Laundry Room, Bedroom 4, Bathroom 2
- Standard status
- Active
- APN
- R012-0003-0003
- Size
- 1,800 SF
- Lot size
- 0.24 Acres
Utilities
- Heating system
- Ceiling, Electric (Heating)
- Cooling system
- Wall Unit(s)
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 in Richmond, KY with approximately $16,200 in annual gross rental income
- 2 units total: each unit has 2 bedrooms and 1 bathroom (4 bedrooms and 2 full baths total)
- Both units include washer/dryer hookups, LVP flooring, and vinyl windows approximately 6 years old
- Ceiling cable heat with window A/C units; upper unit features an updated kitchen
- Recent improvements include a new roof in 2023 and driveway repairs completed in 2026
- Estimated NOI of approximately $10,039 annually
Overview
The property is located just off the Richmond Bypass near a major retail corridor in Richmond, Kentucky. It is currently 100% occupied and the seller reports approximately $16,200 in annual gross rental income.
Recent capital improvements include a new roof completed in 2023 and driveway repairs completed in 2026. Based on the information provided, the property has estimated annual gross income and an estimated NOI of approximately $10,039. This duplex may also be purchased together with the adjacent 214 Valley Street as a multifamily portfolio, with a negotiated portfolio price available for buyers acquiring both properties.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Madison
- State
- Kentucky
- Longitude
- -84.27194
- Latitude
- 37.736544
