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B-3 Mixed-Use Property
New
For Sale
$350,000

401 North St, Richmond, KY 40475

Commercial space with two apartments, separate entrances, individual electric service, and recent system and exterior upgrades.

Property Size3,224 SF
Price / SF$108.56
Days on Market2

Property Features for 401 North St

General Information

Standard status Active
Size 3,224 SF
Property subtype Multi-Family
Zoning B-3

Units

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

Building Details

Buildings 1
Listing Agency: Janette Dewitt, Kopperud Realty
Listed By: The Catalyst Group · License #220577
Source: Catalystsold
Added: Sep 9 Last Checked: Sep 9 at 3:38PM

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 Janette Dewitt, Kopperud Realty

Investment Insights

Based on property information with market context.

This B-3 mixed-use property combines a commercial main floor with two residential apartments above. The commercial level contains 1,612 square feet. The upper level includes a two-bedroom, one-bath apartment measuring 982 square feet and a one-bedroom, one-bath apartment measuring 476 square feet.

All three units are separately entered and electrically metered, with each having its own electric service. HVAC systems, hot water heaters, windows, and doors were installed in 2024 throughout the units. Stair repairs and replacements have also been completed, supporting access between the residential level and its separate entrances.

Key Highlights

  • B‑3 zoning with 1,612 SF of main‑floor commercial space
  • Two apartments on the second floor: 982 SF two‑bedroom and 476 SF one‑bedroom units
  • All three units have HVAC, hot water heaters, windows, and doors installed in 2024

Property Analytics

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Current Use

Sunshiine Photography Photography Service

Suggested Use

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

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

821
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
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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?
Mixed-use property - Commercial space with two apartments, separate entrances, individual electric service, and recent system and exterior upgrades.
Where is this mixed-use property located?
The property is located at 401 North St Richmond, KY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: B‑3 zoning with 1,612 SF of main‑floor commercial space; Two apartments on the second floor: 982 SF two‑bedroom and 476 SF one‑bedroom units; All three units have HVAC, hot water heaters, windows, and doors installed in 2024
More about this property
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