London, Corbin, Lexington, Richmond, and Berea Real Estate and Homes For Sale
BEDS4
BATHS2 full
SQUARE FEET1,800
MLS#26010673
STATUS
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONRamsey Addition
SCHOOLMadison County - 8
Property Description
214 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 central heat and air, washer/dryer hookups, vinyl windows approximately six years old, and carpet and vinyl flooring throughout. Recent improvements include a new roof in 2023, new eaves in 2026, and driveway repairs completed in 2026. Currently 100% occupied, the property generates approximately $12,600 in annual gross rental income with below-market rents, offering future upside potential for investors. With low operating expenses and an estimated NOI of approximately $7,481 annually, 214 Valley Street presents a strong opportunity to acquire a stabilized multifamily asset in a high-demand Richmond location. 214 Valley Street and adjacent 216 Valley Street may be purchased together as a multifamily portfolio, with a negotiated portfolio price available for buyers acquiring both properties.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Fuel Type: Electric
Heating: Electric, Forced Air
Lot Size: 0.22 Acres
Feature Descriptions
Days on Site: 19
Laundry: Electric Dryer Hookup, Main Level, Washer Hookup, Upper Level
Laundry Features: Electric Dryer Hookup, Main Level, Washer Hookup, Upper Level
Lot Dimensions: 0.221 acre(s)
Parcel #: R012-0003-0001
Parking Notes: On Site, Paved
Structure Type: Duplex
Utilities: Electricity Connected, Sewer Connected, Water Connected
Local Schools
High School: Madison Central
Middle School: Michael Caudill
Elementary School: Daniel Boone
School District: Madison County - 8
Listed By / Shown By
Listed By
Agency Name: Block + Lot Homes
Shown By
Agency Title: SALLIE DAVIDSON, REALTORS
Agency Phone: 606-877-3000
Estimate Your Payment
Estimated Payment
$ 931.78 per month $861.81 Principal & Interest $0.00 Property Tax (data not provided by mls) $69.97 Homeowner's Insurance
214 Valley Street | MLS# 26010673
This multi-family property located at 214 Valley Street, Richmond, KY 40475 is currently listed for sale with an asking price of $239,900. Valley Street is located within the Madison County - 8 school district. Search Richmond real estate on www.salliedavidson.com today.