$339,900
$10K PRICE DROP

727 A River Dr Irvine, KY 40336

Estimated payment $2,201/month

Total Views 4,973
8 Beds
4.5 Baths
5,040 Sq Ft
$67 Price per Sq Ft

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!

Listing Agent

James Woolery

Joyce Marcum Realty License #196828 Listed on: 06/23/2025

Co-Listing Agent

Ellen Woolery

Joyce Marcum Realty License #298727

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

Property Details

Home Type

Apartment

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Structure Type: Apartments
  • Year Built: 1981
  • Location Tax Legal Info:Elementary School: Estill Springs
  • Location Tax Legal Info:Middle or Junior School: Estill Co
  • Location Tax Legal Info:High School: Estill Co
  • Location Tax Legal Info:Intermediate School: West Irvine
  • Contract Info:On Market Date: 2025-06-22
  • General Property Description:Lot Size Acres: 0.25
  • Utilities:Electricity2: Electricity Connected
  • Utilities Sewer: Sewer Connected
  • Water: Water Connected
  • Utilities:Natural Gas3: Natural Gas Connected
  • Roof:Composition: Yes
  • Cooling:Heat Pump3: Yes
  • General Property Description:Approximate Living Area: 5040.0
  • General Property Description:Half Baths: 1
  • General Property Description:Number of Buildings: One
  • General Property Description:Number of Stories: Two
  • Unit Info:_pound_ of Units: 4
  • General Property Description:Lot Depth: 160
  • Structure Type:Apartments: Yes
  • General Property Description:Lot Dimensions: 80X160
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Total Bedrooms: 8
  • Lot Size Area: 0.25

Exterior Features

  • Roof: Composition
  • List Price: 339900.0

Garage/Parking

  • Parking Features: Paved
  • Parking:Paved: Yes
  • Parking 6 - 10 Spaces: Yes

Utilities

  • Heating: Forced Air
  • Cooling: Heat Pump
  • Cooling: Yes
  • Heating: Yes
  • Heating:Forced Air: Yes

Schools

  • Elementary School: Estill Springs
  • High School: Estill Co
  • Middle or Junior School: Estill Co

Lot Info

  • Lot Size Acres: 0.25
  • Lot Size Sq Ft: 10890.0
  • Parcel Number: 071-40-10-1015.01
  • Zoning Description: Commercial

Multi Family

  • Number of Units Total: 4

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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®)

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 25013332

ImagineMLS (Bluegrass REALTORS®)