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Listed price in listed location currency (USD).
$239,900

420

MLS® 26010674

  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size 1800 sqft
Garage 
Taxes 
Days Active 5
Lot Size 
Approx. Age 9999
Avg. Price Per Sqft $133
MLS® Number 26010674

Property Address: 216 Valley St, Richmond, KY, 40475-2912

Average square foot calculated using Size range provided by listing agent.

Description

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 multifamily asset in a high-demand Richmond location. 216 Valley Street and adjacent 214 Valley Street may be purchased together as a multifamily portfolio, with a negotiated portfolio price available for buyers acquiring both properties.
MLS® Number26010674
Laundry LevelMain
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age9999
Basement
DrivewayOn Site, Paved
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 13, 2026List Date
$239,900List Price
  • Commute

Commute

Starting Address
Destination Address
216 Valley St, Richmond, KY

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