# 216 Valley Street, Richmond, KY 40475 > **TL;DR:** 4bd/2ba multi-family, $235,000 ($131/sqft), 1,800 sqft. > A/C. Est. $1,257/mo. Listed 173 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $235,000 | | Price/sqft | $131 | | Bedrooms | 4 | | Bathrooms | 2 full | | Square Feet | 1,800 | | Lot Size | 10,498 sqft (0.24 acres) | | Stories | 2 | | Property Type | Multi-Family (Duplex) | | Status | Active | | Days on Market | 173 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $1,188 | | Estimated Insurance | $69 | | **Total** | **$1,257** | ## Nearby Schools - **Elementary:** Daniel Boone - **Middle:** Michael Caudill - **High:** Madison Central ## Key Amenities - A/C ## Property Highlights - 0.24 acre lot - 2 stories ## Description ### Agent 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. ## Location - **Address:** 216 Valley Street, Richmond, KY 40475 - **County:** Madison - **Neighborhood:** Ramsey Addition - **Coordinates:** 37.736544, -84.27194 - **Google Maps:** https://www.google.com/maps?q=37.736544,-84.27194 ## Listing Agent - **Name:** Alexandra Collins - **Brokerage:** Block + Lot Real Estate - **Broker Phone:** 3090099 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/216-Valley-St_Richmond_KY_40475_M40014-79562?f=listhub&s=LBARKY&m=26010674&c=propsimple) ## Photos ![216 Valley Street - Photo 1](http://lh.rdcpix.com/c0f14075ea1c18fe91f8df06edc8aef6l-f2510068854r.jpg) ![216 Valley Street - Photo 2](http://lh.rdcpix.com/c0f14075ea1c18fe91f8df06edc8aef6l-f2029528538r.jpg) ![216 Valley Street - Photo 3](http://lh.rdcpix.com/c0f14075ea1c18fe91f8df06edc8aef6l-f2762784126r.jpg) ![216 Valley Street - Photo 4](http://lh.rdcpix.com/c0f14075ea1c18fe91f8df06edc8aef6l-f1196637768r.jpg) ![216 Valley Street - Photo 5](http://lh.rdcpix.com/c0f14075ea1c18fe91f8df06edc8aef6l-f2338697756r.jpg) ![216 Valley Street - Photo 6](http://lh.rdcpix.com/c0f14075ea1c18fe91f8df06edc8aef6l-f1293458999r.jpg) ![216 Valley Street - Photo 7](http://lh.rdcpix.com/c0f14075ea1c18fe91f8df06edc8aef6l-f1132934286r.jpg) ![216 Valley Street - Photo 8](http://lh.rdcpix.com/c0f14075ea1c18fe91f8df06edc8aef6l-f3673720598r.jpg) ![216 Valley Street - Photo 9](http://lh.rdcpix.com/c0f14075ea1c18fe91f8df06edc8aef6l-f2725170077r.jpg) ![216 Valley Street - Photo 10](http://lh.rdcpix.com/c0f14075ea1c18fe91f8df06edc8aef6l-f1830166144r.jpg) ![216 Valley Street - Photo 11](http://lh.rdcpix.com/c0f14075ea1c18fe91f8df06edc8aef6l-f4273396842r.jpg) ![216 Valley Street - Photo 12](http://lh.rdcpix.com/c0f14075ea1c18fe91f8df06edc8aef6l-f4141983211r.jpg) ![216 Valley Street - Photo 13](http://lh.rdcpix.com/c0f14075ea1c18fe91f8df06edc8aef6l-f2534791618r.jpg) ![216 Valley Street - Photo 14](http://lh.rdcpix.com/c0f14075ea1c18fe91f8df06edc8aef6l-f1189479031r.jpg) ![216 Valley Street - Photo 15](http://lh.rdcpix.com/c0f14075ea1c18fe91f8df06edc8aef6l-f2538319644r.jpg) ![216 Valley Street - Photo 16](http://lh.rdcpix.com/c0f14075ea1c18fe91f8df06edc8aef6l-f2921635850r.jpg) ![216 Valley Street - Photo 17](http://lh.rdcpix.com/c0f14075ea1c18fe91f8df06edc8aef6l-f1787633679r.jpg) ![216 Valley Street - Photo 18](http://lh.rdcpix.com/c0f14075ea1c18fe91f8df06edc8aef6l-f1258326670r.jpg) ![216 Valley Street - Photo 19](http://lh.rdcpix.com/c0f14075ea1c18fe91f8df06edc8aef6l-f730185773r.jpg) --- **MLS#:** 26010674 | **Updated:** 2026-10-20 **Source:** listhub *Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/216-valley-street-richmond-ky-40475-bfd5eb27668d498e8919e8288799dbc7) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/216-valley-street-richmond-ky-40475-bfd5eb27668d498e8919e8288799dbc7#listing", "url": "https://staging.propertysimple.ai/listing/216-valley-street-richmond-ky-40475-bfd5eb27668d498e8919e8288799dbc7", "name": "216 Valley Street, Richmond, KY 40475", "description": "216 Valley Street offers the opportunity to acquire a fully occupied, income-producing, value-add duplex in the heart of Richmond, Kentucky. 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