216 Valley Street, Richmond, KY 40475

• 4 beds |
• 2 baths |
• 1,800 sqft

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.

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:

26010674

Interior

• Laundry: Electric Dryer HookupMain LevelWasher HookupUpper Level
• A/C: Wall Unit(s)
• Heating: CeilingElectric

Exterior

• Parking: On SitePaved

Location

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

Lot

• Zoning: R-2R012-0003-0003

Utilities

• Utilities: Electricity ConnectedSewer ConnectedWater Connected

Financial

• Source: Imagine MLS (Bluegrass REALTORS®)