216 Valley Street, Richmond, KY 40475

Richmond
Local realty services provided by:Better Homes and Gardens Real Estate Fern Leaf Group
216 Valley Street,Richmond, KY 40475
$235,000
  • 4 Beds
  • 2 Baths
  • 1,800 sq. ft.
  • Multi-family
  • Active
Listed by: alexandra collins, gregory leveridge
Office: block + lot homes
MLS#:26010674
Source:KY_LBAR

Price summary

  • Price:$235,000
  • Price per sq. ft.:$130.56

About this home

216 Valley Street offers the opportunity to acquire a fully occupied, income-producing, value-add duplex in the heart of Richmond, Kentucky. Located just off the Richmond Bypass near a major retail corridor, the property benefits from strong rental demand and limited multifamily inventory in the area. The property features two 2-bedroom, 1-bath units totaling 4 bedrooms and 2 full baths. Both units include washer/dryer hookups, vinyl windows approximately six years old, LVP flooring throughout, and ceiling cable heat with window A/C units. The upper unit also features an updated kitchen. Recent improvements include a new roof in 2023 and driveway repairs completed in 2026. Currently 100% occupied, the property generates approximately $16,200 in annual gross rental income with rents offering continued investment stability. With low operating expenses and an estimated NOI of approximately $10,039 annually, 216 Valley Street presents a strong opportunity to acquire a stabilized...

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Home facts

  • Year built:9999
  • Subdivision & Development:Ramsey Addition
  • Listing ID #:26010674
  • Added:93 day(s) ago
  • Updated:August 14, 2026 at 02:58 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:1,800 sq. ft.

Heating and cooling

  • Heating:Ceiling, Electric

Structure and exterior

  • Year built:9999
  • Building area:1,800 sq. ft.
  • Lot area:0.24 Acres

Schools

  • High school:Madison Central
  • Middle school:Michael Caudill
  • Elementary school:Daniel Boone

Finances and disclosures

  • Price:$235,000
  • Price per sq. ft.:$130.56

Features and amenities

  • Laundry features:Electric Dryer Hookup, Main Level, Washer Hookup
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