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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
Rental Income
Listed for sale 6 days ago
$ 299,900
ROI
36.2
Cash Flow/m
1370- 6 Bed
- 4 Bath
- 2772 sft
217 McDaniel Dr #1-2, Richmond, KY, 40475
$ 210,000
ROI
33.2Cash Flow/m
786- 2 Bed
- 1 Bath
- 1568 sft
327 5th St, Richmond, KY, 40475
Currently Rented
Rental Income
$ 275,000
ROI
27.8Cash Flow/m
615- 5 Bed
- 3 Bath
- 3360 sft
325 S 3rd St, Richmond, KY, 40475
Rental Income
$ 275,000
ROI
23.4Cash Flow/m
275- 5 Bed
- 2 Bath
- 2326 sft
413 N 2nd St, 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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