1028 Merrick Dr, Richmond, Kentucky 40475
KY, Richmond-
Active Status
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147 Dayz On Cribz Total Days
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Residential Income Property Type
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2350 Total Sqft $143/sqft
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1999 Year Built
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Mortgage Wizard 3000 Advanced Breakdown
This duplex property in Richmond, KY offers a strong opportunity for investors or owner-occupants looking for income-producing property with separate living spaces and utilities.
The property features two units: Side 1 offers approximately 1,250 sq ft and is leased month-to-month, while Side 2 offers approximately 1,100 sq ft and is currently leased on a year-long lease, providing flexibility for future occupancy or rental adjustments. Side 1 has been remodeled, while Side 2 offers the opportunity for updates and added value.
Each unit is separately metered for electric and water, with tenants responsible for all utilities including electric, water, and trash, helping reduce owner expenses. The property is serviced by city water and sewer and operates as all-electric with no gas. HVAC systems for both units were replaced in September 2018.
Exterior features include bay windows on both sides, stonework detailing with keystones above the windows, and a laser-engraved address in stone, adding to the property’s curb appeal. A rear storage building provides space for lawn equipment such as a mower, blower, and weed eater. Both units also include pull-down attic stair access for additional storage. There is no HOA.
Located in Richmond, the property is close to Eastern Kentucky University, local shopping, dining, and healthcare facilities. Outdoor recreation can be found nearby at Lake Reba Park and Paradise Cove Aquatic Center. Neighboring cities such as Lexington, Berea, and Nicholasville provide additional employment, entertainment, and dining options, making this a convenient and desirable rental location.
This duplex offers a combination of current rental income, future upside potential, and a convenient location in a growing area.
- Property Type: Residential Income
- Listing Type: For Sale
- MLS #: 3159279
- Price: $335,000
- Square Footage: 2,350 Sqft
- Year Built: 1999
- Office Name: GRATEFUL ACRES REALTY
- Agent Name: MaKenzie Griffis
- Property Attached: Yes
- Roof: Shingle
- Listing Status: Active
- Street Number: 1028
- Street: Merrick Dr
- City Richmond
- State KY
- Zipcode 40475
- County Madison County, KY
- Subdivision Merrick Place
- Longitude: W85° 43' 19.4''
- Latitude: N37° 45' 12.2''
- Zoning: R
- Directions: GPS the address and it will take you directly to the property.
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Heating System Central, Electric
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Cooling System Central Air, Electric
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Utilities Electricity Available, Water Available
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Flooring Wood, Carpet, Tile
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Laundry Features Electric Dryer Hookup, Washer Hookup, Individual
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Sewer Public Sewer
- Elementary School: Daniel Boone Elementary School
- Middle School: Clark Moores Middle School
- High School: Madison Central High School
- Water Source: Public
- Building Size: 2,350 Sqft
- Construction Materials: Brick, Aluminum Siding
- Levels: Two
- Lot Size Dimensions: 0.22
- Number Of Units Total: 2
- On Market Date: March 25th, 2026
- Previous Price: $319,900
- Rent Includes: None
- Stories: 2
- Annual Tax Amount: $1,651
- Mls Status: Active
- Originating System Name: RealTracs
- Special Listing Conditions: Standard
- Modification Timestamp: May 27th, 2026 @ 5:11pm
- Status Change Timestamp: Mar 25th, 2026 @ 2:54pm
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