240 Susan Drive Richmond, KY 40475
Listing Courtesy of: MLS LogoImagine MLS / The Real Estate Co.

  240 Susan Drive Richmond, KY 40475

Active (137 Days)
$500,000 (USD)
12
BED
5
BATH
4,920
SQFT

Description

Excellent Investment Opportunity in Richmond—Now at a Reduced Price! This 5 Unit Apartment Building (Three 2BR, 1BA Units and Two 3BR, 1BA Units; Four Units Have Their Own Detached Storage Unit) at 240 Susan Drive now offers even greater value with a recent price reduction. Strong potential for increased income remains—current leases are under market value, presenting an immediate value add opportunity for savvy investors. Conveniently located near shopping, dining, and Eastern Kentucky University, this well maintained property provides consistent occupancy and a solid rental history. With updated rents and the new, lower price, this property could deliver impressive returns in Richmond's growing rental market.

MLS #:
25506308
Lot Size
0.49 acres
Type
Multifamily
Year Built
1990
School District
Madison County - 8
County
Madison County
Community
Hillcrest

Listed By

Tom Thomas, The Real Estate Co.
Source
Imagine MLS
Last checked Apr 3 2026 at 2:38 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 5
Interior Features
  • Laundry Features: Washer Hookup
  • Laundry Features: Electric Dryer Hookup
Subdivision
  • Hillcrest
Heating and Cooling
  • Heat Pump
  • Forced Air
  • Electric
  • Natural Gas
  • Central Air
Utility Information
  • Utilities: Water Connected, Electricity Connected, Natural Gas Connected, Sewer Not Available, Cable Available, Phone Available
School Information
  • Elementary School: Glenn Marshall
  • Middle School: Michael Caudill
  • High School: Madison Central
Parking
  • Paved
  • On Site
  • Open

Listing Price History

Date
Event
Price
% Change
$ (+/-)
Jan 20, 2026
Price Changed
$500,000
-5%
-$25,000
Nov 17, 2025
Listed
$525,000
-
-
Location
   
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Estimated Monthly Mortgage Payment

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Disclaimer: Copyright 2026 Imagine MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 4/2/26 19:38