# 216 Valley Street, Richmond, KY 40475

> **TL;DR:** 4bd/2ba residential multi family, $239,900 ($133/sqft), 1,800 sqft.
> A/C. Est. $1,040/mo. Listed 24 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $239,900 |
| Price/sqft | $133 |
| Bedrooms | 4 |
| Bathrooms | 2 full |
| Square Feet | 1,800 |
| Lot Size | 10,498 sqft (0.24 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 24 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,040 |
| **Total** | **$1,040** |

## Nearby Schools

- **Elementary:** Daniel Boone
- **Middle:** Michael Caudill
- **High:** Madison Central

## Key Amenities

- A/C

## Property Highlights

- 0.24 acre lot
- 2 stories

## Description

### 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.

## Location

- **Address:** 216 Valley Street, Richmond, KY 40475
- **County:** Madison
- **Neighborhood:** Ramsey Addition
- **Coordinates:** 37.736544, -84.27194
- **Google Maps:** https://www.google.com/maps?q=37.736544,-84.27194

## Listing Agent

- **Name:** Alexandra Collins
- **Brokerage:** Block + Lot Homes
- **Phone:** 2708533032
- **Email:** alex@balrealestate.com

## Primary Photo

![216 Valley Street - Primary Photo](http://lh.rdcpix.com/c0f14075ea1c18fe91f8df06edc8aef6l-f2510068854r.jpg)

*19 total photos available on [listing page](https://www.propertysimple.com/listing/216-valley-street-richmond-ky-40475-26010674)*

---

**MLS#:** 26010674 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/216-valley-street-richmond-ky-40475-26010674)

---

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