Richmond Multifamily Investment
249 Evansdale Avenue, Richmond, KY 40475
- Added:
- Mar 5, 2026
- Days on Market:
- 70
- Last Refresh:
- May 14 at 6:06 am
Property Features for 249 Evansdale Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 11
- Bathrooms
- 5
- Rooms
- Bathroom 4, Bathroom 5, Bathroom 3, Bedroom 7, Bedroom 6, Laundry Room, Bathroom 1, Bedroom 3, Bedroom 9, Bedroom 8, Bedroom 5, Bedroom 4, Bedroom 2, Bedroom 11, Bathroom 2, Bedroom 10, Bedroom 1
- Standard status
- Pending
- APN
- R009-032A-0006
- Size
- 3,731 SF
- Lot size
- 0.53 Acres
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Electric
Building Details
- Floors in Building
- 1
- Number of units
- 5
- Roof type
- Shingle, Metal
Listing agent Ross Cummins License #220350 (859) 314-5759
Listing office Premier Property Consultants 1024 Golden Leaf Blvd, #2, Richmond, KY (859) 314-5759
Listing date Mar 5, 2026
MLS# 26004170
Listing URL
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HighLights
- Portfolio of THREE properties with FIVE total rental units provides immediate and stable income.
- Duplex features two spacious 3‑bedroom, 1‑bath units, both currently rented.
- Recent major improvements to the duplex include a roof replacement in October 2023 and HVAC system replacements in recent years.
- Includes a vacant 2‑bedroom, 1‑bath unit, previously rented for $1,100/month, offering owner‑occupant potential or additional income.
- Select units have been recently updated with vinyl plank flooring and fresh interior paint.
- Includes a 1‑car garage with one of the units.
Overview
This investment opportunity features a portfolio of three properties with a total of five rental units. The portfolio's centerpiece is a duplex with two spacious 3-bedroom, 1-bath units, both currently rented and providing immediate income. The duplex has undergone recent improvements, including a roof replacement in October 2023 involving new shingles and some sheathing. The HVAC systems have also been replaced in recent years; Unit #1 in June 2021 and Unit #2 in December 2024. The portfolio also includes two additional properties with smaller units. One property features a 2-bedroom, 1-bath unit, while the other includes a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit with a 1-car garage. Two of these smaller units are currently rented, and one home is intentionally vacant to allow for showings and provide an owner-occupant opportunity if desired. The vacant unit was previously rented for $1,100 per month. Select units throughout the portfolio have been recently updated with vinyl plank flooring and fresh interior paint. The property is situated on a 0.53-acre lot. The total property size is 3731 square feet. This income-producing portfolio offers immediate cash flow and additional upside potential.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Multifamily properties
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Madison
- State
- Kentucky
- Longitude
- -84.278857
- Latitude
- 37.748899
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Portfolio of three properties with five total rental units.
Where is this multifamily property located?
The property is located at 249 Evansdale Avenue Richmond, KY.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Portfolio of THREE properties with FIVE total rental units provides immediate and stable income.; Duplex features two spacious 3‑bedroom, 1‑bath units, both currently rented.; Recent major improvements to the duplex include a roof replacement in October 2023 and HVAC system replacements in recent years.
