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727 River Drive, 
Irvine, KY 40336

$349,900


8

Beds


5

Baths


5,040

Sq Ft


Multi-Family

Active

Listed by

James Woolery

Joyce Marcum Realty

859-624-0088

Last updated:

June 23, 2025, 02:35 AM

MLS#

25013332

Source:

KY LBAR

About This Home

727 River Drive

Solid 4-Plex Investment - Concrete Construction, Great Location! This 5,040 sq ft 2-story building features concrete block walls and concrete floors on both levels, ensuring quiet living and energy efficiency. It includes four large 2-bedroom, 1-bath units—one with an extra half bath. Each unit is all-electric with KY Utilities, Columbia Natural Gas, public water/sewer, and like-new HVAC systems. Roof is less than 5 years old. Concrete design + providers offering some of the lowest utility rates in the region help keep costs down. Prime location on KY HWY 52 with direct access and a dedicated turning lane—a major advantage for tenants and visitors alike. High visibility, easy entry, and steady traffic flow make this a standout multifamily investment. Currently rents for $2,500/month with a projected income of $3,200/month ($800/unit), offering strong returns on a $349,900 investment. Tenants enjoy 2 parking spots each plus guest parking. Located on KY HWY 52 for easy commutes, near Ravenna Choo Choo Park, restaurants, and stores. Just 30 minutes to I-75 and Richmond, KY with Walmart, Lowe's, Menards, and EKU. A smart, low-maintenance addition to your rental portfolio!

Home Facts

Multi-Family

5 Baths

8 Bedrooms

Built in 1981

Price Summary

349,900

$69 per Sq. Ft.

MLS #:

25013332

Last Updated:

June 23, 2025, 02:35 AM

Added:

1 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

8

Bathrooms

Total Bathrooms:

5

Full Bathrooms:

4

Interior

Living Area:

5,040 Sq. Ft.


Structure

Structure

Building Area:

5,040 Sq. Ft.

Year Built:

1981


Lot

Lot Size (Sq. Ft):

10,890


Finances & Disclosures

Finances

Price:

$349,900

Price per Sq. Ft:

$69 per Sq. Ft.

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