Duplex/Townhome for Sale! Great investment opportunity in Madison County. Both units are currently occupied and have newly signed 12 month leases.
Serious Inquiries only, listing on behalf of the owner. Pre-approval letter and/or proof of funds will be required prior to scheduling a viewing for the property.
Property Details:
- Built in 2003
- New roof in 2023
- Centrally located in Richmond, behind Kohl’s.
3.5 miles to EKU and 4.0 miles to I75
- $2,600/month in rental income
Unit #1
3bd/2.5bth
$1,350 per month (current lease)
1,200/sqft
Unit #2
2bd/2.5ft
$1,250 per month (current lease)
1,000/sqft
Please reach out to me for further questions/information you may need and/or to schedule a viewing for the entire property.
Sold for $329,000
$329,000
1029 Merrick Dr, Richmond, KY 40475
5beds
2,200sqft
MultiFamily
Built in 2003
-- sqft lot
$332,200 Zestimate®
$150/sqft
$1,620 Estimated rent
Home value
$332,200
$279,000 - $399,000
$1,620/mo
Zestimate® history
Owner options
List your home for rent
$1,620/mo
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$1,620/mo
Rent Zestimate®
Refinance and save
$1,616/mo
Est. payment
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$1,616/mo
Est. payment
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 4
- 1/2 bathrooms: 2
Interior area
- Total interior livable area: 2,200 sqft
Property
Features
- Exterior features: Brick
Details
- Parcel number: 0068008D0008
Construction
Type & style
- Home type: MultiFamily
Materials
- brick
Condition
- Year built: 2003
Community & HOA
Location
- Region: Richmond
Financial & listing details
- Price per square foot: $150/sqft
- Tax assessed value: $165,000
- Annual tax amount: $1,581
Price history
| Date | Event | Price |
|---|---|---|
| 1/10/2025 | Sold | $329,000$150/sqft |
Source: Public Record Report a problem | ||
| 10/17/2024 | Listed for sale | $329,000+197.1%$150/sqft |
Source: Owner Report a problem | ||
| 10/20/2010 | Sold | $110,750-35.2%$50/sqft |
Source: Public Record Report a problem | ||
| 6/30/2010 | Sold | $170,925+8.2%$78/sqft |
Source: Public Record Report a problem | ||
| 7/12/2007 | Sold | $158,000$72/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,581 -1.2% | $165,000 |
| 2023 | $1,601 -0.3% | $165,000 |
| 2022 | $1,605 -1.8% | $165,000 |
| 2021 | $1,635 +23.8% | $165,000 +26.9% |
| 2018 | $1,321 +1.1% | $130,000 |
| 2017 | $1,307 +0.8% | $130,000 |
| 2016 | $1,297 +2.5% | $130,000 |
| 2015 | $1,265 +1.7% | $130,000 |
| 2014 | $1,244 | $130,000 |
| 2012 | $1,244 +17.1% | $130,000 -7.1% |
| 2011 | $1,062 | $140,000 |
Find assessor info on the county website
Neighborhood: 40475
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Nearby schools
GreatSchools rating
- 6/10Glenn R Marshall Elementary SchoolGrades: 1-5Distance: 0.9 mi
- 8/10B. Michael Caudill Middle SchoolGrades: 6-8Distance: 0.9 mi
- 7/10Madison Central High SchoolGrades: 9-12Distance: 1.2 mi
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$332,200
2% more
+$6,644
With Zillow Showcase(estimated)
$338,844
- Kentucky
- Madison County
- Richmond
- 40475
- 1029 Merrick Dr
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