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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in Richmond, KY
Currently Rented
Listed for sale 1 day ago
$ 499,900
ROI
20.9
Cash Flow/m
153- 8 Bed
- 10 Bath
- 4736 sft
302 Timothy Way #1-4, Richmond, KY, 40475
Currently Rented
Listed for sale 3 days ago
$ 315,000
ROI
34.3Cash Flow/m
1278- 4 Bed
- 6 Bath
- 2542 sft
226 Hallie Irvine St, Richmond, KY, 40475
Currently Rented
Rental Income
$ 319,900
ROI
33.8Cash Flow/m
1249- 4 Bed
- 5 Bath
- 2350 sft
1028 Merrick Dr, Richmond, KY, 40475
Currently Rented
$ 128,500
ROI
40.6Cash Flow/m
746- 6 Bed
- 4 Bath
- 2772 sft
217 McDaniel Dr, Richmond, KY, 40475
Why Invest in Richmond, Kentucky?
Multi-family properties in Richmond, KY offer strong investment potential with steady rental demand. Average rents hover around $1,200 monthly, supporting solid cash flows. Cap rates of 7-8% and 4-5% annual appreciation make it attractive for passive income. Renter occupancy exceeds 45%, driven by local universities and job growth. Balanced market conditions favor long-term holds with moderate value growth.
9.2%
Avg. ROI
7.5%
Rental Yield
7.8%
Cap Rate
$18500/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4.5%
1Y Appreciation
Frequently Asked Questions
High student population from EKU and job growth drive rental demand. Cap rates around 7-8% and low vacancy support reliable cash flow. Appreciation of 4-5% adds long-term value.
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