216 Valley Street, Richmond, KY 40475
See all 19 photos
216 Valley Street, Richmond, KY 40475
216 Valley Street, Richmond, KY 40475
216 Valley Street, Richmond, KY 40475
216 Valley Street, Richmond, KY 40475
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Jason Jarstfer

Jason Jarstfer

+1(270) 312-2943
$ 235,000
Save
Price Dropped by $4K

216 Valley Street Richmond, KY 40475

4 Beds

2 Baths

1,800 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,800 sqft

Price per Sqft $130

Subdivision Ramsey Addition

MLS Listing ID 26010674

Bedrooms 4

Full Baths 2

Lot Size 10,500 Sqft

Acres 0.24

Property Sub-Type Duplex

Property 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

State KY

County Madison

Zoning R-2

Interior

Heating Ceiling, Electric

Cooling Wall Unit(s)

Laundry Electric Dryer Hookup, Main Level, Washer Hookup

Exterior

Parking Features On Site, Paved

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Y/N N

Handicap Access No

Private Pool No

Schools

Elementary Schools Daniel Boone

Middle Schools Michael Caudill

High Schools Madison Central

Imagine MLS / Bluegrass Association of REALTORS (LBAR)
Listed by Block + Lot Homes

NEARBY SCHOOLS & PROPERTIES

Jason Jarstfer

Jason Jarstfer

Principal Broker, Principal Auctioneer, US Army Veteran License ID: 209324

+1(270) 312-2943

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Bluegrass Realty Pros, Inc, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

216 Valley Street