240 Susan Dr Richmond, KY 40475
Estimated payment $3,068/month
About This Home
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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1990
Lot Details
- 0.49 Acre Lot
Home Design
- Shingle Roof
Interior Spaces
- 4,920 Sq Ft Home
- 3-Story Property
- Washer and Electric Dryer Hookup
Bedrooms and Bathrooms
- 12 Bedrooms
- 5 Full Bathrooms
Parking
- 9 Parking Spaces
- Paved Parking
- Open Parking
Schools
- Glenn Marshall Elementary School
- Michael Caudill Middle School
- Madison Central High School
Utilities
- Forced Air Heating and Cooling System
- Air Source Heat Pump
- Heating System Uses Natural Gas
- Natural Gas Connected
- Fuel Tank Located in Ground
- Sewer Not Available
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 054A-0002-0016
Community Details
Overview
- 5 Units
- Hillcrest Subdivision
Building Details
- 3 Vacant Units
- Electric Expense $25
- Utility Expense $25
- Trash Expense $175
- Water Sewer Expense $1,800
- Real Estate Tax Expense $2,200
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/20/2026 01/20/26 | Price Changed | $500,000 | -4.8% | $102 / Sq Ft |
| 11/17/2025 11/17/25 | For Sale | $525,000 | -- | $107 / Sq Ft |
Source: ImagineMLS (Bluegrass REALTORS®)
MLS Number: 25506308
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The information is being provided by LBAR Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 LBAR Multiple Listing Service. All Rights Reserved.
- 234 Miller Dr
- 159 Miller Dr
- 181 Miller Dr
- 1 Old Wilderness Trail
- 404 Midland Dr
- 114 Jack Marie Dr
- 999 Doctor Robert R Martin Bypass
- 999 Doctor Robert R Martin Bypass Unit Applegate Tract
- 403 Turpin Dr
- 409 W Point Ct
- 8017 All Saints Way
- 904 Camden Ct
- 103 Bennett Ct
- 510 Letcher Ave
- 7005 Golgotha Dr
- 350 Woodland Ave
- 5004 Bentwood Ct
- 422 Letcher Ave
- 314 N 2nd St
- 1073 Mission Dr
- 743 N 3rd St
- 200 Mount Rushmore Dr
- 1213 W Main St
- 314 N 2nd St
- 2009-2079 Ty Ln
- 976 Cobble Dr
- 203 W Irvine St
- 203 W Irvine St
- 212 Candy Apple Ln
- 1118 Richmond Green Dr Unit 3
- 437 Breck Ave Unit C
- 211 Langford Ct
- 1040 Brandy Ln
- 304 Barnes Mill Rd
- 443 Big Hill Ave
- 633 Big Hill Ave
- 4026 Ruby Rose Rd
- 103 Rice Ct Unit 6
- 103 Rice Ct Unit 4
- 410 Jason Dr
Ask me questions while you tour the home.