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About This Home
This 8-bedroom, 5-bathroom multi-family at 727 River Drive in Irvine, KY is listed for $329,900 ($65 per sqft). Built in 1981, the home offers 5,040 sqft of living space on a 0.25 acres lot.
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!
Key Features
- Built in 1981
- 0.25 acre lot
- 2 stories
- 10 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$1,764/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
727 River Drive
Irvine, KY 40336
Downtown
Property Details
Heating
Cooling
Questions & Answers
This 8-bedroom, 5-bathroom multi-family at 727 River Drive is listed at $329,900 ($65/sqft). The estimated monthly payment is $1,430 based on 20% down at 6.5% interest.
Key features include: Built in 1981, 0.25 acre lot, 2 stories, 10 parking spaces.
This property is listed by James Woolery and can be reached at 8593580691 or james.woolery@live.com.















