Triplex

Richmond, KY Triplexes for Sale

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Triplex with Commercial Space
Updated: Sep 8
Triplex with Commercial Space

401 North Street, Richmond, KY 40475

$350,000
3,224 sqft 0.15 AC lot
3,224‑square‑foot triplex on a 0.15‑acre parcel
B‑3 zoning with 1,612 square feet of commercial space on the main floor
Two second‑floor apartments: 982 SF with 2 bedrooms and 1 bath; 476 SF with 1 bedroom and 1 bath
All 3 units have separate entrances and individual electric service
HVAC, water heaters, windows, and doors installed in 2024
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Richmond, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

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

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

113 Lester Street, Berea, KY 40403

$549,900
1,500 sqft 1.21 AC lot

Ground-floor business space pairs with two currently rented apartments.

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Triplex With Business Space
Triplex With Business Space

113 Lester Street, Berea, KY 40403

$549,900
1,500 sqft 1.21 AC lot

Two rented apartments sit above a commercial main level with HVAC and two garage doors.

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Triplex with Month-to-Month Tenancies
Triplex with Month-to-Month Tenancies

209 S 1st Street, Nicholasville, KY 40356

$224,900
2,941 sqft 0.23 AC lot

Each of the three occupied units has a month-to-month tenancy, and the tenants wish to stay.

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Historic Three-Unit Triplex
Historic Three-Unit Triplex

209 S 1st St, Nicholasville, KY 40356

$224,900
2,941 sqft

Occupied month-to-month units provide operational flexibility and immediate rental income.

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Richmond, KY Triplexes Market Trends and Statistics

Explore 1 triplexes for sale in Richmond, KY on our real estate platform. These investment opportunities span a total of 3,224 square feet of properties for sale, with an estimated market value of $350,000.

Sale prices for three-family homes in Richmond, KY average $350,000 — 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 20
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 $350K

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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