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Richmond, KY Multifamily Homes & Duplexes for Sale

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  • /46

    $1,075,000

    • 16 Beds
    • 16 Baths
    • 9,280 Sq Ft

    2021 Willow Dr, Richmond, KY 40475

    This solid two-story brick multifamily building offers a mix of spacious townhomes and efficient apartments, ideally located off Duncannon Road with quick access to I-75. It includes four townhomes with 2 bedrooms and 2.5 baths each, and four apartments with 2 bedrooms and 1 bath each, all designed for comfortable living with practical layouts. Interior features include flooring choices of tile,

    Agent Photo

    Lisa Scully

    CENTURY 21 Advantage Realty

    (859) 554-0689

    2021 Willow Dr, Richmond, KY 40475
  • /2

    $274,900

    • 4 Beds
    • 2 Baths
    • 1,636 Sq Ft

    101 Purcell Dr, Richmond, KY 40475

    Excellent investment opportunity! Well-maintained duplex featuring two spacious 2-bedroom, 1-bath units, both fully occupied. Each unit is one level with a nice yard, offering comfort and convenience. Prime location close to EKU, Baptist Health, Richmond Centre, shopping, dining, and I-75. This property has been well cared for and provides great rental income potential—ideal for investors seeking

    Kim Caywood The Real Estate Co.

    101 Purcell Dr, Richmond, KY 40475
  • /3

    $315,000

    • 4 Beds
    • 6 Baths
    • 2,291 Sq Ft

    1044 Merrick Dr, Richmond, KY 40475

    Incredible Investment Opportunity or Ideal Owner-Occupant Setup! This spacious and well-maintained duplex in Richmond, KY offers the perfect blend of comfort, convenience, and income potential. Each side of this property features 2 bedrooms, 2.5 bathrooms, providing plenty of space and privacy for tenants or owners alike. Whether you're a seasoned investor or just starting your real estate

    Ross Cummins Premier Property Consultants

    1044 Merrick Dr, Richmond, KY 40475
  • /31

    $299,999

    • 4 Beds
    • 4 Baths
    • 2,350 Sq Ft

    1028 Merrick Dr, Richmond, KY 40475

    This duplex property in Richmond, KY offers a strong opportunity for investors or owner-occupants looking for income-producing property with separate living spaces and utilities. The property features two units: Side 1 offers approximately 1,250 sq ft and is leased month-to-month, while Side 2 offers approximately 1,100 sq ft and is currently leased on a year-long lease, providing flexibility for

    MaKenzie Griffis eXp Realty

    1028 Merrick Dr, Richmond, KY 40475
  • /2

    $274,900

    • 4 Beds
    • 2 Baths
    • 1,715 Sq Ft

    103 Purcell Dr, Richmond, KY 40475

    Fantastic investment opportunity! This well-maintained duplex features two spacious 2-bedroom, 1-bath units—all on one level and fully occupied. Conveniently located near EKU, Baptist Health, Richmond Centre, and I-75, this property offers easy access to shopping, dining, and major amenities. Each unit enjoys a nice yard and has been well cared for—making this a solid addition to any investment

    Kim Caywood The Real Estate Co.

    103 Purcell Dr, Richmond, KY 40475
  • /78

    $500,000

    • 12 Beds
    • 5 Baths
    • 4,920 Sq Ft

    240 Susan Dr, Richmond, KY 40475

    Excellent Investment Opportunity in Richmond—Now at a Reduced Price! This 5 Unit Apartment Building (Three 2BR, 1BA Units and Two 3BR, 1BA Units; Four Units Have Their Own Detached Storage Unit) at 240 Susan Drive now offers even greater value with a recent price reduction. Strong potential for increased income remains—current leases are under market value, presenting an immediate value add

    Tom D. Thomas The Real Estate Co.

    240 Susan Dr, Richmond, KY 40475
  • /3

    $660,000

    • 18 Beds
    • 12 Baths
    • 2,400 Sq Ft

    156 Hager Ave Unit 156, 158,160, Richmond, KY 40475

    Sold as is, inspections welcomed, 3 duplexes, 156, 158, 160 Hager Drive. $660000 all 3. or $235000. Individually. Unique opportunity for investors to establish long term growth and immediate cash flow. Long term renters 3 to 15 years. Prequals or Proof of funds for accepted offers. Average rents each side $800. Richmond market rents $1400 to $2100 . All have individual basements 900SQFT Main

    Sheila McBride Freedom Property Management, LLC

    156 Hager Ave Unit 156, 158,160, Richmond, KY 40475
  • /17

    $315,000

    • 4 Beds
    • 6 Baths
    • 2,542 Sq Ft

    226 Hallie Irvine St, Richmond, KY 40475

    Duplex in Richmond offering strong rental demand and consistent income potential. Both units are currently occupied on month-to-month leases, providing flexibility for investors or owner occupants. Located just minutes from Eastern Kentucky University and downtown Richmond, this property benefits from ongoing rental demand driven by its proximity to campus, local dining, and everyday

    Daniel Brown Keller Williams Legacy Group

    226 Hallie Irvine St, Richmond, KY 40475
  • /12

    $330,000

    • 4 Beds
    • 6 Baths
    • 2,652 Sq Ft

    1096 Merrick Dr, Richmond, KY 40475

    Great duplex with strong income potential and steady cash flow, as each unit is rented. Each side of this duplex offers 2 bedrooms and 2.5 baths. Great location that is close to I-75, shopping, EKU, and dining. Each unit has its own entrance. This is a chance to own a multi-family property that is located in a high-demand location. Each unit has a full kitchen, washer-dryer hookups, and ample

    Lana Rovinelli RE/MAX Creative Realty

    1096 Merrick Dr, Richmond, KY 40475
  • /2

    $274,900

    • 4 Beds
    • 2 Baths
    • 1,636 Sq Ft

    105 Purcell Dr, Richmond, KY 40475

    Ready to start or add to your rental portfolio? This well-maintained duplex features two spacious 2-bedroom, 1-bath units—all on one level and fully occupied. Conveniently located near EKU, Baptist Health, Richmond Centre, and I-75, this property offers easy access to shopping, dining, and major amenities. Each unit enjoys a nice yard and has been well cared for—making this a solid addition to

    Kim Caywood The Real Estate Co.

    105 Purcell Dr, Richmond, KY 40475

Why Live in Richmond

Richmond, Kentucky, located about 30 miles south of Lexington, is the fourth-largest city in the Kentucky Bluegrass region, known for its horses, distilleries, and rich history. The city features a mix of modern farmhouses, ranch-style homes, and bilevels, particularly in subdivisions like Magnolia Pointe and Arbor Woods, while 19th-century homes are more common downtown. Richmond's rural outskirts are dotted with large estates on acre-plus lots, offering a quieter lifestyle with easy access to Lexington. The city experiences hot, humid summers and mild winters, making it ideal for outdoor activities. Popular things to do include hiking at Fort Boonesborough State Park and Camp Catalpa Park, fishing and kayaking at Lake Reba, and horseback riding at Stepping Stone Ranch. Downtown Richmond boasts charming Queen Anne buildings housing small businesses, government offices, and eateries, while the Eastern Bypass is lined with major retailers like Meijer and JCPenney. Millstone Park hosts the annual Millstone Festival, featuring food vendors, live music, and crafts. The city also offers attractions like Chennault Vineyard and Baldwin Farms, known for fresh produce and seasonal activities. Eastern Kentucky University, located in central Richmond, enrolls over 10,000 students and is renowned for its criminal justice and nursing programs. Commuting is facilitated by Interstate 75, with localized bus service provided by Richmond Transit. Richmond remains a community with many appealing features for potential homebuyers.

Home Trends in Richmond, KY

Housing Trends

Median Sale Price
$310,000
Median Single Family Sale Price
$320,000
Median Townhouse Sale Price
$234,500
Median 2 Bedroom Sale Price
$325,000
Median 1 Bedroom Sale Price
$165,000
Average Price Per Sq Ft
$177
Number of Homes for Sale
143
Last 12 months Home Sales
688
Months of Supply
2.50
Median List Price
$325,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
3%
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