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Fully Leased Duplex
For Sale
$224,900

316 Moberly Ave, Richmond, KY 40475

Two separately leased residences offer a varied unit mix near downtown Richmond, shopping, dining, and EKU.

Property Size2,152 SF
Price / SF$104.51
Days on Market33

Property Features for 316 Moberly Ave

General Information

Standard status Active
Size 2,152 SF
Property subtype Multi-Family

Building Details

Year Built 1972
Listing Agency: The Polley Group
Listed By: Austin Polley · License #305402
Source: Centralkyhomesforsale
Added: Jul 31 Changed: Aug 31 Last Checked: Aug 31 at 5:39PM

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 The Polley Group

Investment Insights

Based on property information with market context.

This duplex contains two leased residences totaling approximately 2,152 square feet. The unit configuration combines a one-bedroom, one-bath residence with a four-bedroom, two-bath residence, providing distinct layouts within the same property. Both units are occupied, and the landlord currently pays all utilities.

Located at 316 Moberly Ave in Richmond, the property is near downtown, shopping, dining, EKU, and other area amenities. Existing leases and the two-unit layout support continued use as a residential rental property, while the differing bedroom counts create a mix of housing configurations within the building.

Key Highlights

  • Two leased units totaling approximately 2,152 square feet
  • Unit A includes 1 bedroom and 1 bathroom
  • Unit B includes 4 bedrooms and 2 bathrooms

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Real Estate Agency Parking Lot & Garage (Bike/Boat/Book/etc) Store Furniture & Home Goods Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

721
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 separately leased residences offer a varied unit mix near downtown Richmond, shopping, dining, and EKU.
Where is this duplex located?
The property is located at 316 Moberly Ave Richmond, KY.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Two leased units totaling approximately 2,152 square feet; Unit A includes 1 bedroom and 1 bathroom; Unit B includes 4 bedrooms and 2 bathrooms
More about this property
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