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Two-Unit Duplex with Separate Layouts
For Sale
$275,000
Pending

325 S 3rd St, Richmond, KY 40475

Duplex offering distinct upper- and lower-level residences near campus, downtown amenities, shopping, and dining.

Property Size3,360 SF
Days on Market120

Property Features for 325 S 3rd St

General Information

Standard status Pending
Size 3,360 SF
Property subtype Multi-Family

Units

Unit Mix 1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units 2

Building Details

Year Built 1950
Buildings 1
Listing Agency: Lifstyl Real Estate
Listed By: M Scott Peace · License #240444
Source: Centralkyhomefinder
Added: Jun 10 Changed: Oct 1 Last Checked: Oct 5 at 7:25PM

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 Lifstyl Real Estate

Investment Insights

Based on property information with market context.

This 3,360-square-foot duplex contains two separately configured residences. The upper-level unit includes three bedrooms and two bathrooms, while the lower-level residence has two bedrooms and one bathroom. Both units are currently occupied under separate rental arrangements.

The property is located on S 3rd St in Richmond, near Eastern Kentucky University, downtown, shopping, restaurants, and campus-area amenities. The duplex may also be acquired with the neighboring properties at 321 S. 3rd St. and 321½ S. 3rd St., creating an option for a larger multi-property purchase.

Key Highlights

  • 3,360‑square‑foot duplex with two residential units
  • Upper unit includes 3 bedrooms and 2 bathrooms
  • Lower unit includes 2 bedrooms and 1 bathroom

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Parking Lot & Garage Carpet & Flooring Store Garden Center Home Appliance 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.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

835
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
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Frequently Asked Questions

What type of property is this?
Duplex - Duplex offering distinct upper- and lower-level residences near campus, downtown amenities, shopping, and dining.
Where is this duplex located?
The property is located at 325 S 3rd St Richmond, KY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 3,360‑square‑foot duplex with two residential units; Upper unit includes 3 bedrooms and 2 bathrooms; Lower unit includes 2 bedrooms and 1 bathroom
More about this property
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