216 Valley Street, Richmond, KY 40475
$235,000
Property Type:
Residential Income
Bedrooms:
4
Baths:
2
Square Footage:
1,800
Lot Size (sq. ft.):
10,500
Status:
Active
Current Price:
$235,000
List Date:
5/13/2026
Last Modified:
6/04/2026
Listing Details MLS# 26010674
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Duplex
Status Change Information
- Price Change Timestamp
- 2026-06-04T14:01:21Z
- Status Change Timestamp
- 2026-05-12
Address
- County
- Madison
- Street Number
- 216
- Street Name
- Valley
- Street Suffix
- Street
- State
- KY
- Zip Code
- 40475
- Directions
- I-75 S to Exit 90A, follow Eastern Bypass to a right on US-25. Take the first right onto Northland Drive and follow to the end.Take Sunrise Drive to left on Valley Street - property will be on the left, second from the end.
- Parcel Number
- R012-0003-0003
Contract
- Original List Price
- 239900
- Start Showing Date
- 2026-05-12
- Listing Contract Date
- 2026-05-08
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
- Office Exclusive YN
- No
- List Price/Acre
- 979166.67
- List Price/SqFt
- 130.56
Tax Legal
- MLS Area Major
- 008 - Madison County
- Subdivision Name
- Ramsey Addition
- High School District
- Madison County - 8
Interior
- Bedrooms Total
- 4
- Bathrooms Total
- 2
- Bathrooms Full
- 2
- Living Area
- 1800
- Living Area Source
- Public Records
- Bathrooms Half
- 0
More Information
Building
- Year Built
- 9999
- Stories Total
- 2
- Accessibility Features YN
- Yes
Lot
- Lot Size Acres
- 0.241
- Lot Size Square Feet
- 10500
- Road Frontage Feet
- 70
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
- Electricity Connected
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Remarks
- Public Remarks
- 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.
Building and Property Details
- Age of Roof
- 3
Showing Information
- Showing Instructions
- 24-hour minimum notice required to show. Preferably 48-hour notice if possible to coordinate with tenants.
Tax & Legal
- Elementary School
- Daniel Boone
- Middle Or Junior School
- Michael Caudill
- High School
- Madison Central
- Tax Rate
- 0.0105
- Zoning
- R-2
Association/Community
- Number Of Buildings
- 1
- Number Of Units Total
- 2
Cooling
- Wall Unit(s)
- Yes
Heating
- Ceiling
- Yes
- Electric
- Yes
Laundry Features
- Electric Dryer Hookup
- Yes
- Main Level
- Yes
- Upper Level
- Yes
- Washer Hookup
- Yes
Parking Features
- On Site
- Yes
- Paved
- Yes
Possession
- Close Of Escrow
- Yes
Structure Type
- Duplex
- Yes
Showing Requirements
- Call Listing Agent
- Yes
Property Features
Utilities:
Electricity Connected; Sewer Connected; Water Connected; Electricity Connected; Sewer Connected; Water Connected
Cooling:
Wall Unit(s)
Heating:
Ceiling; Electric
Laundry Features:
Electric Dryer Hookup; Main Level; Upper Level; Washer Hookup
Parking Features:
On Site; Paved
Possession:
Close Of Escrow
Structure Type:
Duplex
Showing Requirements:
Call Listing Agent
Sellers Disclosure Of Property Condition ›
Listing Office:
Block + Lot Homes
Last Updated: June - 04 - 2026
Information deemed reliable but not guaranteed.