Richmond KY Multi Family for Sale

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Type:
Multi-Family
Sq.Ft.:
1,876
Status:
Active
Beds:
5
Lot size:
0.21 Acres
Year built:
2004
Baths:
4.00
MLS#:
25003714
Subdivision:
Edgewood

ADDITIONAL INFORMATION

Almost always rented! Rare opportunity to own this duplex on Lancaster Road. Super close to campus, shopping, downtown, I-75 and many other arterial roads! Great investment property or starter home! Allow the tenant next door to offset your mortgage payments! Excellent value with a quick return! It wont last! side A has 3 bedrooms and 2 baths. Side B has 2 beds, 2 baths. 3 garage spaces total. Unit B is vacant. Unit A is occupied by long term renter.

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
13
Baths:
12.00
MLS#:
25001707
Subdivision:
Arlington

ADDITIONAL INFORMATION

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
12
Baths:
8.00
MLS#:
25001706
Subdivision:
Arlington

ADDITIONAL INFORMATION

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
16
Baths:
16.00
MLS#:
25001705
Subdivision:
Arlington

ADDITIONAL INFORMATION

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
17
Baths:
17.00
MLS#:
25001704
Subdivision:
Arlington

ADDITIONAL INFORMATION

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
12
Lot size:
0.42 Acres
Baths:
6.00
MLS#:
25000739
Subdivision:
Hillcrest

ADDITIONAL INFORMATION

This well-maintained, fully leased, 6-plex multifamily property in Richmond, KY, presents an outstanding opportunity for investors looking to expand their portfolio. Recent upgrades include replacing shingles in 2023, ensuring long-term protection and peace of mind. The property has also seen significant interior improvements, including brand-new LVP flooring, fresh paint throughout, and the installation of new appliances in each unit, providing a modern, move-in-ready experience for tenants. The exterior of the building has been enhanced with a seal-coated, freshly painted parking lot and new landscaping, adding to the property's curb appeal and functionality. Additionally, a professional basement waterproofing system has been installed, protecting the structure and offering added value for years to come. This property is an ideal addition for investors seeking steady rental income with minimal deferred maintenance. With these recent upgrades, you can confidently take ownership and watch your investment thrive. Don't miss out on this prime multifamily opportunity!

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.36 Acres
Baths:
MLS#:
25000486
Subdivision:
Hillcrest

ADDITIONAL INFORMATION

Duplex in a well established neighborhood---so close to all amenities---just minutes from EKU bypass and I 75 exit 90...all brick--2 bedroom, 1 bath on each side...nice flat back lawn...one side rents for $950 monthly and has a 1 yr lease....the other unit has long term renters that have been there--and are on a month to month lease--paying $850

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
5
Lot size:
0.18 Acres
Year built:
1972
Baths:
3.00
MLS#:
25000247
Subdivision:
Downtown

ADDITIONAL INFORMATION

Great rental income. If you are looking for that investment property that really gives you a return, this is it! With $1,495 rental income from the 4 bedroom side, it already pays for itself. That gives you another unit to either owner occupy or lease for more income. Don't Close to downtown and only minutes from EKU, this property is perfectly located for convenience.

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
4
Lot size:
0.46 Acres
Year built:
1989
Baths:
4.00
MLS#:
24022670
Subdivision:
Madison Hills

ADDITIONAL INFORMATION

Duplex including large 572 SQ. garage space, screened sunroom porches both are 284 SQ. and office space(upper level) is now available in a GREAT LOCATION!! This duplex is just off exit 90 in Richmond making this a pleasing option for Lexington commuters. Each side features Two beds/One bath and One half bath, laminate flooring and is move in ready. Be the first to reach out and see this today!

Type:
Multi-Family
Sq.Ft.:
1,755
Status:
Active
Beds:
4
Lot size:
0.15 Acres
Year built:
1989
Baths:
2.00
MLS#:
24020281
Subdivision:
Markwood

ADDITIONAL INFORMATION

**Charming Duplex in Richmond, KY - Perfect for Investors!** Discover the potential of this well-maintained duplex offering two spacious 2-bedroom, 1-bath units, with both units currently occupied. Each unit features handicap accessibility, ensuring convenience for all residents. Situated in a friendly neighborhood, this property provides easy access to downtown Richmond, local amenities, schools, and parks. Don't miss out on this unique offering in Richmond!

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Andrea Conner, License 221773, Xome Inc., License 239054, [email protected], 844-400-XOME (9663), 1795 Alysheba Way Suite 1202 Lexington, KY 40509


The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Lexington Bluegrass Multiple Listing Service. The Broker providing this data believes them to be correct but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2025 Lexington Bluegrass Multiple Listing Service. All rights reserved.



Richmond Real Estate

The median home value in Richmond, KY is $290,000. This is higher than the county median home value of $216,800. The national median home value is $338,100. The average price of homes sold in Richmond, KY is $290,000. Approximately 32.64% of Richmond homes are owned, compared to 57.01% rented, while 10.35% are vacant. Richmond real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Richmond real estate agent to arrange a tour today!

Richmond, Kentucky has a population of 34,662. Richmond is less family-centric than the surrounding county with 26.39% of the households containing married families with children. The county average for households married with children is 30.06%.

The median household income in Richmond, Kentucky is $40,221. The median household income for the surrounding county is $55,002 compared to the national median of $69,021. The median age of people living in Richmond is 26.3 years.

Richmond Weather

The average high temperature in July is 86.2 degrees, with an average low temperature in January of 24.1 degrees. The average rainfall is approximately 46.3 inches per year, with 7.5 inches of snow per year.

Richmond Real Estate Market Conditions

  • Median sales price

    $290,000
    15.5% change since last quarter
  • # Active listings

    333
    30-day change

Richmond Schools and Demographics

Education near Richmond, KY

Metric City County
High School Graduates 88.63 89.67
College Degree - 2 year 9.27 9.74
College Degree - 4 year 34.25 33.39
Graduate Degree 9.18 9.97
Expenditures per Student 10,810 10,810
Students per Teacher 15.3 15.3

Elementary Schools near Richmond, KY

School Grades Students P/T Ratio ZIP
Berea Community Elementary School PK - 05 556 15.4 40403
Daniel Boone Elementary School 01 - 05 495 16.9 40475
Glenn R Marshall Elementary School 01 - 05 501 15 40475
Kingston Elementary School PK - 05 582 16 40403
Kirksville Elementary School 01 - 05 649 16.5 40475
Kit Carson Elementary School 01 - 05 568 17.7 40475
Madison County Kindergarten Academy KG - KG 473 16.6 40475
Model Laboratory Elementary School PK - 05 313 40475
Paint Lick Elementary School PK - 05 347 16.1 40461
Shannon Johnson Elementary School PK - 05 607 17.5 40403
Silver Creek Elementary School 01 - 05 484 15.3 40403
Squires Elementary School KG - 05 578 14.6 40515
Veterans Park Elementary School KG - 05 631 14.6 40515
WACO Elementary School PK - 05 495 15.9 40385
White Hall Elementary School 01 - 05 670 17.6 40475

Middle Schools near Richmond, KY

School Grades Students P/T Ratio ZIP
B. Michael Caudill Middle School 06 - 08 652 16.5 40475
Berea Community Middle School 06 - 08 239 10.6 40403
Clark Moores Middle School 06 - 08 506 16.6 40475
Farristown Middle School 06 - 08 454 16 40475
Foley Middle School 06 - 08 433 15.3 40403
Madison Middle School 06 - 08 442 16.2 40475
Model Laboratory Middle School 06 - 08 179 40475

High Schools near Richmond, KY

School Grades Students P/T Ratio ZIP
Berea Community High School 09 - 12 350 18.4 40403
Madison Central High School 09 - 12 1,845 18.3 40475
Madison Southern High School 09 - 12 1,198 17.6 40403
Model Laboratory High School 09 - 12 220 40475

Ungraded Schools near Richmond, KY

School Grades Students P/T Ratio ZIP
* Middle College At Eastern Kentucky 12 - 12 15 15 40475
Madison County Area Technology Center UG - UG 0 40475
Madison County Day Treatment 08 - 11 8 1 40475

Demographics near Richmond, KY

Metric City County
Neighborhood Type Suburban
Population 34,662 92,194
Population Density 1,706 211
Median Age 26.3 34.3
People per Household 2.2 2.4
Median Household Income 40,221 55,002
Average Income per Capita 23,945 28,559