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    Richmond, KY
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    Richmond, KY Multifamily Properties for Sale

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    Berea, KY Nicholasville, KY Lexington, KY Winchester, KY Lancaster, KY Paint Lick, KY Irvine, KY Mc Kee, KY
    12 properties
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    Duplex with Attached Garages
    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
    View details
    Multifamily Income Property
    Updated: Jun 10
    Multifamily Income Property

    245-D Sunset Avenue, Richmond, KY 40475

    $364,900
    2,146 sqft 0.20 AC lot
    Heating includes natural gas, electric heating, heat pump, and forced air
    Cooling options include gas cooling, heat pump, and electric
    Layout includes 3 bedrooms and 3 bathrooms
    Includes a dedicated laundry room
    Location coordinates: -84.30637, 37.75014
    View details
    Turnkey Duplex Income Property
    Turnkey Duplex Income Property

    1048 Merrick Drive, Richmond, KY 40475

    $297,500
    2,320 sqft 0.19 AC lot

    Two-unit duplex with both units currently leased and configured as 3-bedroom, 1.5-bath homes.

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    Turnkey Duplex Income Property
    Turnkey Duplex Income Property

    1045 Merrick Drive, Richmond, KY 40475

    $297,500
    2,676 sqft 0.18 AC lot

    Two leased units with separate bedroom and bath layouts offer a straightforward turnkey income setup for buyers.

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    Downtown Richmond Mixed-Use Opportunity
    Downtown Richmond Mixed-Use Opportunity

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

    $579,000
    9,763 sqft 0.19 AC lot

    Mixed-use property with commercial income and residential upside.

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    Income Duplex with Separate Utilities
    Income Duplex with Separate Utilities

    1028 Merrick, Richmond, KY 40475

    $335,000
    2,350 sqft 0.22 AC lot

    Two separate units are separately metered for electric and water, supporting tenant-paid utilities and flexible occupancy.

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    Income Duplex with Two 2BR Units
    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
    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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    Three Duplex Residential Income
    Three Duplex Residential Income

    156 Hager Avenue, Richmond, KY 40475

    $660,000
    2,400 sqft 0.17 AC lot

    Three duplexes sold as-is, each with individual basements, laundry hookups, and rear decks.

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    Richmond KY Duplex For Sale
    Richmond KY Duplex For Sale

    101 Purcell Drive, Richmond, KY 40475

    $269,900
    1,636 sqft 0.22 AC lot

    Well-maintained duplex near EKU with great rental income potential.

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    Richmond, KY Duplex Investment
    Richmond, KY Duplex Investment

    103 Purcell Drive, Richmond, KY 40475

    $269,900
    1,715 sqft 0.21 AC lot

    Well-maintained duplex near EKU, Baptist Health, and I-75.

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    Richmond Kentucky Duplex For Sale
    Richmond Kentucky Duplex For Sale

    105 Purcell Drive, Richmond, KY 40475

    $269,900
    1,636 sqft 0.20 AC lot

    Well-maintained duplex near EKU, Baptist Health, and Richmond Centre.

    View details
    Based on your search, we've compiled 62 Potential Opportunities for your consideration. Besides 12 Active listings in Richmond, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 42 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    New Construction Duplex Package
    New Construction Duplex Package

    Josephine Court & 101-103 Elkchester Circle, Nicholasville, KY 40356

    $1,050,000
    6,256 sqft 0.52 AC lot

    Package of two newly built duplexes in R-2 zoning, each with attached one-car garages, porches, and patios.

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    Duplex with Garage
    Duplex with Garage

    812 Ridgewood Drive, Berea, KY 40403

    $250,000
    2,294 sqft 0.23 AC lot

    For-sale duplex near I-75 and the Hitachi Plant, offering on-site garages and long-term tenancy.

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    New Construction Duplex with Attached Garage
    New Construction Duplex with Attached Garage

    101-103 Elkchester Circle, Nicholasville, KY 40356

    $550,000
    3,128 sqft 0.21 AC lot

    Newly built duplex in R-2 zoning with two levels, three bedrooms per unit, and attached one-car garage.

    View details
    Berea Fourplex with Recent Updates
    Berea Fourplex with Recent Updates

    907 Weeping Willow Drive, Berea, KY 40403

    $590,000
    4,512 sqft 0.31 AC lot

    Well-maintained fourplex in Berea with recent capital improvements.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Cleared Recreational Land Tract
    Cleared Recreational Land Tract

    Mc Kee, KY 40447

    Contact for pricing
    1.60 AC lot

    Cleared, level tract on Baldwin Road with plank fencing, located near South Fork of the Rockcastle River and Laurel Branch Creek.

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    Land For Sale in McKee
    Land For Sale in McKee

    Mc Kee, KY 40447

    Contact for pricing
    1.68 AC lot

    1.68 acre recreational land with utilities in McKee, Kentucky.

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    Residential Land in East Bernstadt
    Residential Land in East Bernstadt

    205 Dove Lane lot: 61, East Bernstadt, KY 40729

    Contact for pricing
    0.51 AC lot

    Level lots suitable for new doublewides or modular homes.

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    Residential Land in East Bernstadt
    Residential Land in East Bernstadt

    487 Lot 77 Bull Run lot: 77, East Bernstadt, KY 40729

    Contact for pricing
    1.39 AC lot

    Level lots suitable for new doublewide or modular homes.

    View details

    Off-Market Properties in Richmond, KY

    Consider similar Off-Market properties in Richmond, KY. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    Boonesborough Rd
    MOBILE HOME PARK, TRAILER PARK

    Boonesborough Rd, Richmond, KY 40475

    $750,000
    Estimated value
    14.45 AC lot
    View details
    308 Spangler Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    308 Spangler Dr, Richmond, KY 40475-2383

    Value Estimation by Request
    4,224 sqft 0.46 AC lot
    View details
    719 Marietha Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    719 Marietha Dr, Richmond, KY 40475-2091

    $1,810,000
    Estimated value
    3,566 sqft
    View details
    725 Marietha Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    725 Marietha Dr, Richmond, KY 40475-2090

    $1,810,000
    Estimated value
    3,566 sqft
    View details
    407 Jason Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    407 Jason Dr, Richmond, KY 40475-2088

    $1,810,000
    Estimated value
    3,600 sqft
    View details
    431 Jason Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    431 Jason Dr, Richmond, KY 40475-2185

    $1,810,000
    Estimated value
    4,160 sqft
    View details
    713 Marietha Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    713 Marietha Dr, Richmond, KY 40475-2093

    Value Estimation by Request
    3,824 sqft
    View details
    431 Gdn City Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    431 Gdn City Dr, Richmond, KY 40475-7940

    Value Estimation by Request
    1,650 sqft
    View details
    112 Shamrock Ln
    APARTMENT HOUSE (UNDER 5 UNITS)

    112 Shamrock Ln, Richmond, KY 40475-2711

    Value Estimation by Request
    3,104 sqft
    View details
    207 Mcdaniel Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    207 Mcdaniel Dr, Richmond, KY 40475-2703

    Value Estimation by Request
    3,944 sqft
    View details
    714 Main St
    APARTMENT HOUSE (UNDER 5 UNITS)

    714 Main St, Richmond, KY 40475-4307

    Value Estimation by Request
    2,432 sqft
    View details
    112 Mallory Ct
    APARTMENT HOUSE (UNDER 5 UNITS)

    112 Mallory Ct, Richmond, KY 40475-8154

    Value Estimation by Request
    4,522 sqft
    View details

    Richmond, KY Multifamily Properties Market Trends and Statistics

    Explore 54 multifamily properties for sale in Richmond, KY, showcased through 12 active listings on our real estate platform. These investment opportunities span a total of 33,481 square feet of properties for sale, with an estimated market value of $4,213,500.

    Sale prices for multifamily properties in Richmond, KY start at $235,000, averaging $351,125, and reaching up to $660,000 — 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

    Duplexes 10
    Apartment buildings 2

    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 $406.2K

    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%

    Listings Trend

    New vs delisted commercial listings in Madison County

    New Delisted

    Total CRE Inventory on Market (SF)

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