NOT LISTED FOR SALE

3047 Simpson Rd Ashland, KY 41101

Normal Neighborhood

Estimated Value: $261,403 - $299,000

Studio
-- Bath
726 Sq Ft
$394/Sq Ft Est. Value

Last Sold May 23, 2022

Last sale price $232,000 $320 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $1,600/month

About This Home

As of May 2022

Excellent investment opportunity! This well-maintained 4-plex features four 2-bedroom, 1-bath apartments, each with its own laundry hookups for added convenience. Three of the four units have been updated within the last 2 year. Residents are responsible for their own utilities, keeping operating expenses low for the owner. Located in a convenient and accessible area, this property is close to shopping, schools, and work—making it highly desirable for renters. Whether you're expanding your portfolio or looking for a strong income-producing property, this 4-plex is a logical choice.

Last Agent to Sell the Property

Leah Criswell

CENTURY 21 Excellence Realty License #275213 Listed on: 03/19/2022

Last Buyer's Agent

Leah Criswell

CENTURY 21 Excellence Realty License #275213 Listed on: 03/19/2022

Property Details

Home Type

  • Multi-Family

Lot Details

  • 8,712 Sq Ft Lot
  • Level Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Composition Shingle

Interior Spaces

  • 2-Story Property
  • Laundry in unit

Utilities

  • Window Unit Cooling System
  • Radiant Heating System
  • Separate Meters

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Lot Details

8,712 Sq Ft Lot

Listing Details

  • OFFICELIST_ADDRESS: 3047 Simpson Road
  • Second Address Number: 3047
  • Directions: from US 60, head SE on Lexington Ave., turn R onto 29th St., keep L on Belmont, turn L Simpson RD from US 23, turn L 32nd St, turn L Central Ave, turn R onto Deal St., turn R on Simpson RD
  • Geo Address Line: 3047 Simpson Rd
  • Geo Longitude: -82.627623
  • Geo Primary City: Ashland
  • Geo Quality: 0.95
  • Geo Subdivision: KY
  • Geo Zoom Level: 16
  • Listed In Other Class: No
  • Selling Agent1: 1352
  • Selling Office1: 173
  • OFFICELIST_STATE: KY
  • Street Designation: Road
  • Home Age: Unknown
  • Laundry Area: In Apartment
  • Building Stories: 2 Story
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: No
  • Basement Type: 4-Plex
  • Number Leased: yes

Exterior Features

  • Exterior: Brick/Siding
  • Number of Acres: 0.2
  • Roof: Composition Shingles
  • Topography: Level

Garage/Parking

  • Parking: 4

Utilities

  • Cooling: Window
  • Heating: Radiant
  • Water Sewer Description: Public Sewer, Public Water
  • Utilities: Separate Meter

Fee Information

  • Tax Class: MULTI-FAMILY
  • Trash Expense: 635
  • Rent Income: 2450

Schools

  • Elementary School: Ashland Indepen

Lot Info

  • Lot Size: .2

Tax Info

  • Tax Page Number: 618

Multi Family

  • Num2 Bdrm Units: One Bath, Two Or More Bed, Living Room, Kitchen/Dining, Part Furnished, Wash/Dryer Hookup, Oven/Range, Refrigerator
  • Number2 Bedrooms: 4
  • Total Numberof Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2022
Sold by
Eliopoulos Gus and Eliopoulos Kristina
Bought by
3047 Simpson Rd Apartments Llc
Current Estimated Value
$286,101

Purchase Details

Listed on
Mar 19, 2022
Closed on
May 19, 2022
Sold by
Primetime Properties Llc
Bought by
Eliopoulos Gus and Eliopoulos Kristina
Seller's Agent
Leah Criswell
CENTURY 21 Excellence Realty
Buyer's Agent
Leah Criswell
CENTURY 21 Excellence Realty
Sold Price
$232,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.66%
Original Mortgage
$174,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2021
Sold by
Bowling Rodney
Bought by
Primetime Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,366,400
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 20, 2020
Sold by
Adams Larry E and Adams Betty Jo
Bought by
Bowling Rodney
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
3047 Simpson Rd Apartments Llc -- --
Eliopoulos Gus $232,000 Edwards Klein Anderson & Shope
Primetime Properties Llc $168,000 None Listed On Document
Primetime Properties Llc $168,000 None Listed On Document
Bowling Rodney $17,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Eliopoulos Gus $174,000
Previous Owner Primetime Properties Llc $1,366,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/22/2026 01/22/26 Price Changed $299,000 -6.3% --
12/01/2025 12/01/25 For Sale $319,000 +37.5% --
05/23/2022 05/23/22 Sold $232,000 -- $320 / Sq Ft
03/19/2022 03/19/22 Pending -- -- --
Source: Ashland Area Board of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,531 $232,000 $25,000 $207,000
2024 $1,550 $232,000 $25,000 $207,000
2023 $1,568 $232,000 $25,000 $207,000
2022 $1,202 $168,000 $25,000 $143,000
2021 $501 $50,000 $10,000 $40,000
2020 $357 $50,000 $6,000 $44,000
2019 $358 $50,000 $0 $0
2018 $362 $50,000 $0 $0
2017 $324 $50,000 $0 $0
2016 $301 $50,000 $6,000 $44,000
2015 $301 $50,000 $6,000 $44,000
2012 -- $50,000 $6,000 $44,000
Source: Public Records

Agents Affiliated with this Home

  • Alison Christie

    Seller's Agent in 2025

    Alison Christie

    Ross Real Estate Services

    (606) 831-7030

    2 in this area

    72 Total Sales

    Alison Christie
    Section Image

  • L

    Seller's Agent in 2022

    Leah Criswell

    CENTURY 21 Excellence Realty

    Section Image
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Map

Source: Ashland Area Board of REALTORS®

MLS Number: 52719

APN: 038-15-01-023.00

Kentucky Boyd County Ashland 41101 Normal

3047 Simpson Rd, Ashland, KY

Not Listed for Sale

MultiFamily

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