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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.

Agent Description

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

2 stories
4 full, 1 half
10 spaces
1981

Amenities

A/C

Monthly Cost Estimate

$1,764/mo

20% down · 6.5% · 30 years

Principal$239
Interest$1,430
Insurance$96

Estimates only. Actual payments may vary.

Location

727 River Drive

Irvine, KY 40336

Downtown

Property Details

Heating

Forced Air

Cooling

Heat Pump

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.

JW

James Woolery

Agent at Joyce Marcum Realty

(859) 358-0691

Listed by Joyce Marcum Realty

MLS# 25013332· Source: listhub· Updated 292 days ago

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727 River Drive, Irvine, KY 40336

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