Richmond, KY Multifamily Properties for Sale

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Williamstown, KY Beaver Dam, KY Grayson, KY Nicholasville, KY Berea, KY Lexington, KY Winchester, KY Lancaster, KY

26 properties

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Updated: Aug 20

New Construction Duplex Portfolio

103 Valley Street, Richmond, KY 40475

$995,000

5,200 sqft 0.41 AC lot

Two duplex buildings with four residential units
5,200 square feet on 0.41 acres
12 bedrooms and 12 full bathrooms
Each unit includes 3 bedrooms, 3 full bathrooms, and a first‑floor master suite
12 paved off‑street parking spaces

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Updated: Jun 19

Duplex with Attached Garages

206 Aqueduct Drive, Richmond, KY 40475

$379,900

3,239 sqft 0.29 AC lot

Conventional duplex built in 1993 with 6 bedrooms and 3.2 bathrooms
Two 2‑car attached garages totaling 616 sqft, plus a front covered porch and rear patios
Reinforced heavy‑duty firewall for secure privacy between units
Each unit has maintained a 100% occupancy rate since construction
Central air cooling with forced air and heat pump (heating); shingle roof

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Fully Leased Duplex

316 Moberly Avenue, Richmond, KY 40475

$224,900

2,152 sqft 0.13 AC lot

Two occupied units offer an established residential rental configuration near downtown Richmond.

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Duplex With Attached Garages

206 Aqueduct Dr, Richmond, KY 40475

$379,900

3,239 sqft

Two attached two-car garages, private outdoor areas, and a fenced backyard support separate-unit residential use.

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Income Duplex with Two 2BR Units

214 Valley Street, Richmond, KY 40475

$235,000

1,800 sqft 0.22 AC lot

Fully occupied duplex with central heat and air, updated windows and flooring, and recent exterior improvements for steady rental operations.

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Duplex with Two 2BR Units

216 Valley Street, Richmond, KY 40475

$235,000

1,800 sqft 0.24 AC lot

Two side-by-side 2-bedroom, 1-bath units with washer/dryer hookups and vinyl windows about six years old.

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Duplex with Separate Metering

1028 Merrick, Richmond, KY 40475

$335,000

2,350 sqft 0.22 AC lot

Duplex with two units separately metered for electric and water, plus city water and sewer and replaced HVAC in 2018.

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Fully Leased Duplex

316 Moberly Ave, Richmond, KY 40475

$224,900

2,152 sqft

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

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Three-Duplex Multifamily Property

156 Hager Avenue, Richmond, KY 40475

$660,000

2,400 sqft 0.17 AC lot

Three duplexes built in 1979 with central air, heat pump/electric heat, and tenant-paid electric.

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Two-Unit Duplex with Central Air

325 S 3rd Street, Richmond, KY 40475

$275,000

3,360 sqft 0.29 AC lot

Separate three-bedroom and two-bedroom residences offer a practical mix of layouts near campus, downtown, shopping, and restaurants.

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Duplex with One Vacant Unit

217 Mcdaniel Dr, Richmond, KY 40475

$299,900

2,772 sqft

Two-unit property with central heating and air, off-street parking, and a leased unit alongside an available residence.

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Mixed-Use Building with Apartments

107 N Killarney Lane, Richmond, KY 40475

$649,900

2,200 sqft 0.60 AC lot

Retail and office space is combined with two apartment units and public sewer service.

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Mixed-Use Property With Apartments

204-206 S 3rd Street, Richmond, KY 40475

$579,000

9,763 sqft 0.19 AC lot

Two occupied ground-floor suites complement five upper-level apartments in a downtown commercial and residential asset.

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Multifamily Property

245-D Sunset Ave, Richmond, KY 40475

$349,900

2,146 sqft

The asset is classified for multifamily use.

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Duplex with Month-to-Month Leases

1045 Merrick Drive, Richmond, KY 40475

$289,900

2,676 sqft 0.18 AC lot

Two-unit residential income property with both units leased on a month-to-month basis.

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Duplex with Month-to-Month Leases

1048 Merrick Drive, Richmond, KY 40475

$289,900

2,320 sqft 0.19 AC lot

Two residential units offer three-bedroom layouts, central air, and electric heat under existing month-to-month leases.

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Duplex with Updated Kitchen

216 Valley St, Richmond, KY 40475

$235,000

1,800 sqft

Two residential units feature LVP flooring, washer/dryer hookups, and separate window air-conditioning units.

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Three-Bedroom Duplex

217 Mcdaniel Drive, Richmond, KY 40475

$299,900

2,772 sqft 0.15 AC lot

One unit is leased, while the other is vacant and configured for owner occupancy.

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Duplex with Vacant Unit

217 McDaniel Dr Unit 1-2, Richmond, KY 40475

$299,900

2,772 sqft

Two three-bedroom residences include central heating and air, full baths, and off-street parking.

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Two-Unit Duplex with Off-Street Parking

1-2-217 Mcdaniel Dr, Richmond, KY 40475

$299,900

2,772 sqft

One residence is leased, while the second is vacant for an owner-occupant.

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Two-Unit Duplex with Separate Layouts

325 S 3rd St, Richmond, KY 40475

$275,000

3,360 sqft

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

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Leased Duplex with Mixed Unit Sizes

1045 Merrick Dr, Richmond, KY 40475

$289,900

2,676 sqft

Two leased units offer a three-bedroom and two-bedroom configuration.

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Income-Generating Duplex with Storage

1028 Merrick, Richmond, KY 40475

Contact for pricing

2,350 sqft

Two separately metered units each with pull-down attic access and rear storage building; city water and sewer and all-electric.

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Mixed-Use Retail and Apartments

107 Killarney Lane, Richmond, KY 40475

$649,900

5,800 sqft

Property offers retail space plus two apartments with I-75 frontage and a recently installed metal roof.

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Richmond, KY Multifamily Properties Market Trends and Statistics

Explore 68 multifamily properties for sale in Richmond, KY, showcased through 26 active listings on our real estate platform. These investment opportunities span a total of 73,871 square feet of properties for sale, with an estimated market value of $9,032,600.

Sale prices for multifamily properties in Richmond, KY start at $224,900, averaging $376,358, and reaching up to $995,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 65K

Population Growth (5Y) +5.8%

Median Household Income $62,731

College Educated 26.2%

High-Yield Neighborhoods for Investment

Identify Richmond submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
40475	$369.9K

Taxes & Financing

Tax Rate (average for all types) 0.97%

Property Tax per SF $5.99 per SF

Tax Rate vs County Average 0.02 pp below county avg

Average Loan-to-Value 65.0%

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