727 A River Dr Irvine, KY 40336
Estimated payment $2,201/month
Highlights
- Cooling Available
- Forced Air Heating System
- 3-minute walk to Veterans Memorial Park
About This Home
Solid 4-Plex Investment - Concrete Construction, Great Location!
This 5,040 sq ft 2-story building features concrete block walls and concrete floors on both levels, ensuring quiet living and energy efficiency. It includes four large 2-bedroom, 1-bath units—one with an extra half bath. Each unit is all-electric with KY Utilities, Columbia Natural Gas, public water/sewer, and like-new HVAC systems. Roof is less than 5 years old. Concrete design + providers offering some of the lowest utility rates in the region help keep costs down. Prime location on KY HWY 52 with direct access and a dedicated turning lane—a major advantage for tenants and visitors alike. High visibility, easy entry, and steady traffic flow make this a standout multifamily investment.
Currently rents for $2,500/month with a projected income of $3,200/month ($800/unit), offering strong returns on a $349,900 investment. Tenants enjoy 2 parking spots each plus guest parking. Located on KY HWY 52 for easy commutes, near Ravenna Choo Choo Park, restaurants, and stores. Just 30 minutes to I-75 and Richmond, KY with Walmart, Lowe's, Menards, and EKU. A smart, low-maintenance addition to your rental portfolio!
Property Details
Home Type
- Apartment
Year Built
- Built in 1981
Lot Details
- 0.25 Acre Lot
- Lot Dimensions are 80x160
Parking
- Parking Available
Home Design
- Composition Roof
Interior Spaces
- 5,040 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
Schools
- Estill Springs Elementary School
- Estill Co Middle School
- West Irvine Middle School
- Estill Co High School
Utilities
- Cooling Available
- Forced Air Heating System
- Heat Pump System
- Natural Gas Connected
Listing and Financial Details
- Assessor Parcel Number 071-40-10-1015.01
Community Details
Overview
- 4 Units
- Downtown Subdivision
Building Details
- Gross Income $30,000
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
07/29/2025 07/29/25 | Price Changed | $339,900 | -2.9% | $67 / Sq Ft |
06/23/2025 06/23/25 | For Sale | $349,900 | -- | $69 / Sq Ft |
Source: ImagineMLS (Bluegrass REALTORS®)
MLS Number: 25013332

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