214 Valley Street, Richmond, KY 40475

• 4 beds |
• 2 baths |
• 1,800 sqft

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.

Listing Status:

Active

Date Added:

May 13, 2026

Data Last Updated:

May 20, 2026 at 5:40AM

Listing Office:

Block + Lot Real Estate : 859-309-0099

MLS ID:

26010673

Interior

• Laundry: Electric Dryer HookupMain LevelWasher HookupUpper Level
• A/C: Central Air
• Heating: ElectricForced Air

Exterior

• Parking: On SitePaved

Location

• Originating MLS: Imagine MLS (Bluegrass REALTORS®)
• School District: Madison County - 8
• County: Madison

Lot

• Zoning: R-2R012-0003-0001

Utilities

• Utilities: Electricity ConnectedSewer ConnectedWater Connected

Financial

• Source: Imagine MLS (Bluegrass REALTORS®)