Multifamily

Richmond, KY Multifamily Properties for Sale

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Two-Duplex Residential Property
Updated: Aug 20
Two-Duplex Residential Property

103 Valley Street, Richmond, KY 40475

$899,000
5,200 sqft 0.41 AC lot
Two duplexes with four units totaling 5,200 square feet
Each unit is approximately 1,300+/- sq. ft. with 3 bedrooms and 3 full baths
12 bedrooms and 12 full bathrooms across the property
12 paved off‑street parking spaces
R‑3 zoning on a 0.41‑acre parcel
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Brick Duplex with Rear Deck
Updated: Sep 22
Brick Duplex with Rear Deck

2117 Fayette Drive, Richmond, KY 40475

$269,900
1,919 sqft 0.35 AC lot
Two units, each with 2 bedrooms and 1 bathroom
1,919 square feet on 0.3514 acres
Brick construction; built in 1989
Both units currently occupied
Four off‑street parking spaces and a rear deck
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Duplex With Attached Garages
Duplex With Attached Garages

206 Aqueduct Drive, Richmond, KY 40475

$379,900
3,239 sqft 0.29 AC lot

Six-bedroom configuration includes private outdoor areas and a fenced backyard for residential income use.

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9-Unit Apartment Property
9-Unit Apartment Property

328 Summit St, Richmond, KY 40475

$964,900
4,496 sqft

Two residential buildings include shared laundry facilities and a basement.

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Two-Unit Brick Duplex
Two-Unit Brick Duplex

1048 Blackwell Court, Richmond, KY 40475

$320,000
2,680 sqft 0.18 AC lot

Two separate residences offer private garages and a combined five-bedroom layout.

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Triplex with Commercial Space
Triplex with Commercial Space

401 North Street, Richmond, KY 40475

$350,000
3,224 sqft 0.15 AC lot

B-3 property combining a commercial ground floor with two separately entered apartments.

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Occupied Duplex with Updated Kitchen
Occupied Duplex with Updated Kitchen

216 Valley Street, Richmond, KY 40475

$235,000
1,800 sqft 0.24 AC lot

Two residential units include washer/dryer hookups, LVP flooring, and an updated kitchen in the upper unit.

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New Construction Duplexes
New Construction Duplexes

99101103105-103 Valley St, Richmond, KY 40475

$899,000
5,200 sqft

Four-unit configuration with private suites, full appliance packages, and dedicated paved parking.

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Occupied Two-Unit Duplex
Occupied Two-Unit Duplex

214 Valley Street, Richmond, KY 40475

$235,000
1,800 sqft 0.22 AC lot

Fully occupied duplex with central HVAC, laundry hookups, and recent roof and driveway improvements.

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3-Duplex Multifamily Property
3-Duplex Multifamily Property

156 Hager Avenue, Richmond, KY 40475

$660,000
2,400 sqft 0.17 AC lot

Multifamily holding with individual basements, laundry hookups, and rear decks.

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Two-Unit Brick Duplex
Two-Unit Brick Duplex

1048 Blackwell Ct, Richmond, KY 40475

$320,000
2,680 sqft

Two separate residences offer private garages and layouts suited to different household sizes.

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Two-Unit Duplex with Separate Layouts
Two-Unit Duplex with Separate Layouts

325 S 3rd Street, Richmond, KY 40475

$275,000
3,360 sqft 0.29 AC lot

Duplex with a three-bedroom upper residence and a two-bedroom lower residence near EKU, downtown, shopping, and restaurants.

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Mixed-Use Property with Apartments
Mixed-Use Property with Apartments

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

$579,000
9,763 sqft 0.19 AC lot

Two occupied street-level suites support bar and retail tenancy within a downtown commercial building.

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B-3 Mixed-Use Property
B-3 Mixed-Use Property

401 North St, Richmond, KY 40475

$350,000
3,224 sqft

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

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Three-Bedroom Duplex
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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Two-Unit Brick Duplex
Two-Unit Brick Duplex

423 Sara Leigh Drive, Richmond, KY 40475

$300,000
2,134 sqft 0.30 AC lot

Fully occupied duplex with matching two-bedroom layouts and upstairs sleeping areas.

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Fully Leased Duplex
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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Duplex With Attached Garages
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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Brick Duplex with Rear Deck
Brick Duplex with Rear Deck

2117 Fayette Dr, Richmond, KY 40475

$269,900
1,919 sqft

Both residences are leased and come equipped with kitchen appliances.

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Leased Duplex with Mixed Unit Sizes
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
Income-Generating Duplex with Storage

1028 Merrick Dr, Richmond, KY 40475

$335,000
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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Duplex with Updated Kitchen
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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108-Unit Apartment Community
108-Unit Apartment Community

100 Pk Crst Ct, Richmond, KY 40475

Contact for pricing
89,400 sqft

The community combines one- and two-bedroom residences in a multifamily setting.

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Rented Two-Unit Duplex
Rented Two-Unit Duplex

423 Sara Leigh Dr Unit 1-2, Richmond, KY 40475

$300,000
2,134 sqft

Two connected residences offer separate living areas with bedrooms arranged on the upper level.

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Richmond, KY Multifamily Properties Market Trends and Statistics

Explore 70 multifamily properties for sale in Richmond, KY, showcased through 28 active listings on our real estate platform. These investment opportunities span a total of 170,465 square feet of properties for sale, with an estimated market value of $10,526,000.

Sale prices for multifamily properties in Richmond, KY start at $224,900, averaging $389,851, and reaching up to $964,900 — 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 23
Apartment buildings 3
Triplexes 1

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 $392.4K

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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