$1,850,000
$50K PRICE DROP

159 Miller Dr Richmond, KY 40475

Total Views 1,970
30 Beds
18 Baths
5,466 Sq Ft
$338 Price per Sq Ft

Highlights

  • 0.78 Acre Lot
  • Cooling Available
  • Heating Available

About This Home

Exceptional 18-unit investment opportunity in the heart of Richmond. This well-maintained apartment complex consists of two buildings (side by side) and offers strong cash flow, no deferred maintenance, and easy management thanks to extensive recent upgrades throughout the property. Major improvements include a new dimensional shingle roof (2023), LVP flooring throughout most units, updated electrical and plumbing, fresh interior paint in all units, multiple HVAC unit replacements, and decking boards replaced and painted for long-term durability. The parking lot has been recently seal-coated and striped, providing clean, organized parking for tenants and guests. The property is uniquely positioned in a private, rural-feeling setting while being just minutes from downtown Richmond, offering tenants the best of both privacy and convenience. With a solid rent roll, modernized systems, and minimal ongoing capital needs, this is a turnkey, stabilized asset ideal for both seasoned investors and those looking to scale their portfolio in a growing market. Property owner is the licensed selling agent.

Listing Agent

Ross Cummins

Premier Property Consultants License #220350 Listed on: 02/07/2026

Property Details

Home Type

  • Multi-Family

Lot Details

  • 33,759 Sq Ft Lot
  • Lot Dimensions are 150x225

Home Design

  • Dimensional Roof
  • Shingle Roof

Interior Spaces

  • 5,466 Sq Ft Home
  • 2-Story Property
  • Washer and Electric Dryer Hookup

Bedrooms and Bathrooms

  • 30 Bedrooms
  • 18 Full Bathrooms

Parking

  • Paved Parking
  • On-Site Parking

Schools

  • Madison Central High School

Utilities

  • Cooling Available
  • Heating Available
  • Underground Utilities

Community Details

  • 2 Buildings
  • 18 Units
  • Hillcrest Subdivision

Listing and Financial Details

  • Assessor Parcel Number 054A-0004-0035

Property Details

Home Type

Multi-Family

Lot Details

0.77 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub-Type: Apartment
  • Structure Type: Multi Family
  • Year Built: 9999
  • Roof:Dimensional Style: Yes
  • Laundry Features:Washer Hookup: Yes
  • Laundry Features:Electric Dryer Hookup: Yes
  • Roof:Shingle: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Full Bathrooms: 18
  • Total Bathrooms: 18
  • Total Bedrooms: 30
  • LivingArea: 5466.0
  • Lot Size Area: 0.78
  • Total Stories: 2

Exterior Features

  • Roof: Dimensional Style, Shingle
  • List Price: 1850000.0

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Site, Paved

Utilities

  • Heating: Electric
  • Cooling: Electric
  • Cooling: Yes
  • Heating: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Utilities: Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected, Underground Utilities

Schools

  • High School: Madison Central

Lot Info

  • Lot Dimensions: 150x225
  • Lot Size Acres: 0.78
  • Lot Size Sq Ft: 33759.0
  • Parcel Number: 054A-0004-0035

Multi Family

  • Number of Units Total: 18

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/17/2026 03/17/26 Price Changed $1,850,000 -2.6% $338 / Sq Ft
02/07/2026 02/07/26 For Sale $1,899,900 -- $348 / Sq Ft
Source: ImagineMLS (Bluegrass REALTORS®)

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 26002268

ImagineMLS (Bluegrass REALTORS®)

APN: 054A-0004-0035

Your Personal Tour Guide

Ask me questions while you tour the home.