About This Home
This 4-bedroom, 2-bathroom residential multi family at 216 Valley Street in Richmond, KY is listed for $235,000 ($131 per sqft). the home offers 1,800 sqft of living space on a 0.24 acres lot.
Key Features
- 0.24 acre lot
- 2 stories
Property Details
Amenities
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.
Monthly Cost Estimate
$1,257/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
216 Valley Street
Richmond, KY 40475
Ramsey Addition
Property Details
Heating
Cooling
Questions & Answers
This 4-bedroom, 2-bathroom residential multi family at 216 Valley Street is listed at $235,000 ($131/sqft). The estimated monthly payment is $1,257 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: 0.24 acre lot, 2 stories.
This property is listed by Alexandra Collins and can be reached at 2708533032.