727 River Drive

Irvine KY 40336

5040 sq. ft.

10890 sq. ft.

Apartment

Last sold for $280,000

James Woolery, last sold this property on 08 June 2026 after 268 days on market.

Overview

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!

Features

8 bedrooms

5 bathrooms

10 carspaces

5040 sq. ft. floor area

10890 sq. ft. lot size

Apartment

Estimated Value

We need at least 3 similar 8 bedroom apartments sold in Irvine over the last 12 months.

Property history for 727 River Drive

2026

Sold

$280,000

08 Jun 2026 by James Woolery, of Joyce Marcum Realty

Happy sellers in Irvine

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