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    Richmond, KY Residential Income Properties for Sale

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    Berea, KY Lexington, KY Waco, KY
    12 listings
    Versatile Mixed-Use Property, Richmond, KY
    $475,000
    5,571 SF
    Versatile Mixed-Use Property, Richmond, KY

    1305 Lancaster Road, Richmond, KY 40475

    Mixed-use property with commercial space and residential apartment.
    • Versatile mixed‑use property suitable for business and residential living.
    • Prime location with excellent visibility and accessibility, backing up to the new Model school and close to EKU campus.
    • Private 3‑bedroom, 2‑bath residential apartment with separate entrance, ideal for owner‑occupancy or rental income.
    • Basement with potential for renovation into another apartment or business space.
    • Large 3‑car garage with unfinished room above, offering additional space.
    Updated: Mar 24
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    Converted Warehouse with Income Potential
    $799,500
    5,100 SF
    Converted Warehouse with Income Potential

    105 E Street, Richmond, KY 40475

    Mixed-use property in downtown Richmond with residential and commercial spaces.
    • Income‑producing property with $3300/month rental income and potential for more.
    • Upscale 2300 sq ft loft features 2 bedrooms, 2 baths, and a private screened‑in porch.
    • Additional 1100 sq ft apartment above the 4‑car garage.
    • Prime downtown Richmond, KY location in a converted warehouse.
    • Private ground‑level courtyard with stamped concrete, sun screen, and fire pit, plus a stylish entrance/mudroom with a dog washing station.
    Updated: Dec 1, 2025
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    Income Duplex with Two 2BR Units
    $235,000
    1,800 SF
    Income Duplex with Two 2BR Units

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

    214 Valley Street, Richmond, KY 40475

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    Duplex with Two 2BR Units
    $235,000
    1,800 SF
    Duplex with Two 2BR Units

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

    216 Valley Street, Richmond, KY 40475

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    Downtown Richmond Mixed-Use Opportunity
    $579,000
    9,763 SF
    Downtown Richmond Mixed-Use Opportunity

    Mixed-use property with commercial income and residential upside.

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

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    Richmond Duplex: Income and Potential
    $335,000
    2,350 SF
    Richmond Duplex: Income and Potential

    Income-producing duplex in Richmond, KY, near EKU and amenities.

    1028 Merrick, Richmond, KY 40475

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    Richmond Mixed-Use Investment Opportunity
    $649,900
    2,200 SF
    Richmond Mixed-Use Investment Opportunity

    Mixed-use property with retail space and apartments for sale.

    107 N Killarney Lane, Richmond, KY 40475

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    Three Duplex Income Property
    $660,000
    2,400 SF
    Three Duplex Income Property

    For-sale package of three duplexes, each with laundry hookups, rear decks, and individual basements.

    156 Hager Avenue, Richmond, KY 40475

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    Richmond, KY Multi-Use Investment
    $450,000
    4,406 SF
    Richmond, KY Multi-Use Investment

    Multi-use property in Richmond, KY with income potential.

    301 Steep Street, Richmond, KY 40475

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    Richmond KY Duplex For Sale
    $269,900
    1,636 SF
    Richmond KY Duplex For Sale

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

    101 Purcell Drive, Richmond, KY 40475

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    Richmond, KY Duplex Investment
    $269,900
    1,715 SF
    Richmond, KY Duplex Investment

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

    103 Purcell Drive, Richmond, KY 40475

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    Richmond Kentucky Duplex For Sale
    $269,900
    1,636 SF
    Richmond Kentucky Duplex For Sale

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

    105 Purcell Drive, Richmond, KY 40475

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    Based on your search, we've compiled 63 Potential Opportunities for your consideration. Besides 12 Active listings in Richmond, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 43 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 Duplex in Nicholasville, KY
    $329,900
    2,176 SF
    New Duplex in Nicholasville, KY

    New duplex with two bedrooms and modern amenities in Nicholasville.

    510-512 N Central Avenue, Nicholasville, KY 40356

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    Duplex and Lot Combo
    $125,000
    1,700 SF
    Duplex and Lot Combo

    Combo sale featuring a duplex with an accompanying lot, offered as-is for investors or owner-occupants seeking income potential.

    112 Lincoln Street, Nicholasville, KY 40356

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    Updated Quadruplex with Strong Occupancy
    $329,000
    3,416 SF
    Updated Quadruplex with Strong Occupancy

    Turnkey investment property with updated units and income potential.

    118 Salter Road, Berea, KY 40403

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    Berea Quadplex Investment Opportunity
    $329,000
    3,294 SF
    Berea Quadplex Investment Opportunity

    Well-maintained quadplex with income potential in Berea, Kentucky.

    116 Salter Road, Berea, KY 40403

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    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.

    Richmond, KY Land for Sale
    $220,000
    26.18 Acres
    Richmond, KY Land for Sale

    26.18 acres of secluded land in gated community.

    340 Winford Drive, Richmond, KY 40475

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    Residential Land in Executive Neighborhood
    $49,999
    1.33 Acres
    Residential Land in Executive Neighborhood

    1.3+ acre lot in Richmond, build your dream home!

    6 Sundae Drive, Richmond, KY 40475

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    Residential Lot in Hidden Hills
    $65,000
    0.37 Acres
    Residential Lot in Hidden Hills

    Build your dream home in Madison County!

    808 Wyatt Court, Richmond, KY 40475

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    Residential Land in Richmond, KY
    $79,900
    2.83 Acres
    Residential Land in Richmond, KY

    2.83 acres of land in established Richmond neighborhood.

    Union City Road, Richmond, KY 40475

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    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
    Lot: 14.45 Acres
    Estimated value
    $750,000

    Boonesborough Rd, Richmond, KY 40475

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    308 Spangler Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,224 SF Lot: 0.46 Acres
    Value Estimation by Request

    308 Spangler Dr, Richmond, KY 40475-2383

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    719 Marietha Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    3,566 SF
    Estimated value
    $1,810,000

    719 Marietha Dr, Richmond, KY 40475-2091

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

    725 Marietha Dr, Richmond, KY 40475-2090

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    407 Jason Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    3,600 SF
    Estimated value
    $1,810,000

    407 Jason Dr, Richmond, KY 40475-2088

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    431 Jason Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,160 SF
    Estimated value
    $1,810,000

    431 Jason Dr, Richmond, KY 40475-2185

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    713 Marietha Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    3,824 SF
    Value Estimation by Request

    713 Marietha Dr, Richmond, KY 40475-2093

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    431 Gdn City Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    1,650 SF
    Value Estimation by Request

    431 Gdn City Dr, Richmond, KY 40475-7940

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    112 Shamrock Ln
    APARTMENT HOUSE (UNDER 5 UNITS)
    3,104 SF
    Value Estimation by Request

    112 Shamrock Ln, Richmond, KY 40475-2711

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    207 Mcdaniel Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    3,944 SF
    Value Estimation by Request

    207 Mcdaniel Dr, Richmond, KY 40475-2703

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    714 Main St
    APARTMENT HOUSE (UNDER 5 UNITS)
    2,432 SF
    Value Estimation by Request

    714 Main St, Richmond, KY 40475-4307

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    112 Mallory Ct
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,522 SF
    Value Estimation by Request

    112 Mallory Ct, Richmond, KY 40475-8154

    View details

    Richmond, KY Residential Income Properties Investment Opportunities Market Analysis

    Explore 55 residential income properties for sale in Richmond, KY, showcased through 12 active listings on our real estate platform. These investment opportunities span a total of 44,108 square feet of properties for sale, with an estimated market value of $5,773,100.

    Sale prices for residential income properties in Richmond, KY start at $235,000, averaging $444,084, and reaching up to $799,500 — 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

    Multifamily properties 10
    Duplexes 6
    Apartment buildings 3
    Single family properties 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 median listing prices of real estate assets

    Neighborhood Average Price
    40475 $429.5K

    Taxes & Financing

    Tax Rate (average for all types) 0.97%
    Property Tax per SF $5.99 per sq ft
    Tax Rate vs County Average 0.02 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    Total CRE Area on Market Trend

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