Ramsey Addition Real Estate

Welcome to Ramsey Addition, a charming subdivision nestled in the heart of Richmond, Madison County, Kentucky. This sought-after community offers a perfect blend of convenience and tranquility, making it an ideal place to call home.

Ramsey Addition boasts a variety of housing options, from cozy single-family homes to spacious townhouses, providing something for everyone. The well-maintained streets and lush green spaces create a welcoming atmosphere for residents and visitors alike.

Residents of Ramsey Addition enjoy easy access to a range of amenities, including shopping centers, restaurants, schools, and parks. With its close proximity to downtown Richmond, everything you need is just a short drive away.

Nature enthusiasts will appreciate the beautiful parks and outdoor recreational areas nearby, perfect for enjoying a leisurely stroll or a family picnic. The community also offers a strong sense of camaraderie, with regular neighborhood events and activities bringing residents together.

Whether you are a first-time homebuyer, a growing family, or looking to downsize, Ramsey Addition has something for everyone. Come and discover the beauty and convenience of living in this wonderful subdivision in Richmond, Kentucky.

Newest Listings in Ramsey Addition

$235,000

4 Beds ⋅ 2 Baths ⋅ 26010674 MLS

216 Valley Street offers the opportunity to acquire a fully occupied, income-producing, value-add duplex in the heart of Richmond, Kentucky. Located just off the Richmond Bypass near a major retail corridor, the property benefits from strong rental demand and limited multifamily inventory in the area. The property features two 2-bedroom, 1-bath units totaling 4 bedrooms and 2 full baths. Both units include washer/dryer hookups, vinyl windows approximately six years old, LVP flooring throughout, and ceiling cable heat with window A/C units. The upper unit also features an updated kitchen. Recent improvements include a new roof in 2023 and driveway repairs completed in 2026. Currently 100% occupied, the property generates approximately $16,200 in annual gross rental income with rents offering continued investment stability. With low operating expenses and an estimated NOI of approximately $10,039 annually, 216 Valley Street presents a strong opportunity to acquire a stabilized multifamily asset in a high-demand Richmond location. 216 Valley Street and adjacent 214 Valley Street may be purchased together as a multifamily portfolio, with a negotiated portfolio price available for buyers acquiring both properties.

216 Valley St, Richmond

$235,000

4 Beds ⋅ 2 Baths ⋅ 26010673 MLS

214 Valley Street offers the opportunity to acquire a fully occupied, income-producing, value-add duplex in the heart of Richmond, Kentucky. Located just off the Richmond Bypass near a major retail corridor, the property benefits from strong rental demand and limited multifamily inventory in the area. The property features two 2-bedroom, 1-bath units totaling 4 bedrooms and 2 full baths. Both units include central heat and air, washer/dryer hookups, vinyl windows approximately six years old, and carpet and vinyl flooring throughout. Recent improvements include a new roof in 2023, new eaves in 2026, and driveway repairs completed in 2026. Currently 100% occupied, the property generates approximately $12,600 in annual gross rental income with below-market rents, offering future upside potential for investors. With low operating expenses and an estimated NOI of approximately $7,481 annually, 214 Valley Street presents a strong opportunity to acquire a stabilized multifamily asset in a high-demand Richmond location. 214 Valley Street and adjacent 216 Valley Street may be purchased together as a multifamily portfolio, with a negotiated portfolio price available for buyers acquiring both properties.

214 Valley St, Richmond

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