Seller's Agent in 2025
Sarah Espinosa
RE/MAX
(859) 509-1299
98 Total Sales
306 Spangler Dr Richmond, KY 40475
Estimated Value: $862,000 - $907,237
15
Beds
13
Baths
--
Sq Ft
0.48
Acre Lot
About This Home
As of August 2025Exceptional Investment Opportunity! Discover this 8-plex nestled in one of Richmond's most sought-after areas, offering unmatched convenience for tenants. Just minutes from Eastern Kentucky University, Baptist Health, vibrant downtown Richmond, and with swift access to I-75, this location ensures high demand year-round.
The complex features a versatile mix of units:
•5 spacious 2-bedroom, 1.5-bath units
•2 charming 2-bedroom, 1-bath units
•1 cozy 1-bedroom, 1-bath unit
Boasting a proven rental history and generating a robust $6,975 in monthly rental income, this property is a must-have addition to any investor's portfolio. Recent upgrades, including a new roof shingles and three beautifully remodeled units, enhance its appeal and ensure minimal upkeep. Step into a thriving market with this turn-key gem—a rare chance to capitalize on Richmond's ever-growing rental demand. Opportunities like this don't last long!
Last Agent to Sell the Property
RE/MAX Creative Realty License #194393 Listed on: 03/28/2025
Property Details
Home Type
- Multi-Family
Lot Details
- 0.48
Parking
- 20 Parking Spaces
Home Design
- Shingle Roof
Bedrooms and Bathrooms
- 15 Bedrooms
Schools
- Kirksville Elementary School
- Madison Mid Middle School
- Madison Central High School
Additional Features
- 2-Story Property
- 20,769 Sq Ft Lot
Listing and Financial Details
- Assessor Parcel Number R002-0013-0007-B
Community Details
Overview
- 8 Units
- Commercial Subdivision
Building Details
- 2 Vacant Units
- Gross Income $6,975
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 28, 2025
Closed on
Aug 11, 2025
Sold by
Bought by
Seller's Agent
Sarah Espinosa
RE/MAX Creative Realty
Buyer's Agent
Suresh Mallichettiar Jayaraman
Keller Williams Bluegrass Realty
List Price
$975,000
Sold Price
$850,000
Premium/Discount to List
-$125,000
-12.82%
Views
35
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,559
Avg. Annual Appreciation
4.74%
Original Mortgage
$680,000
Outstanding Balance
$676,842
Interest Rate
5.42%
Mortgage Type
Credit Line Revolving
Estimated Equity
$207,717
Purchase Details
Closed on
Sep 29, 2023
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,080,000
Interest Rate
7.09%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 24, 2009
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $850,000 | None Listed On Document | ||
| $1,170,000 | None Listed On Document | ||
| -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $680,000 | ||
| Previous Owner | $3,080,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/11/2025 08/11/25 | Sold | $850,000 | -5.0% | -- | |
| 06/19/2025 06/19/25 | Pending | -- | -- | -- | |
| 06/02/2025 06/02/25 | Price Changed | $895,000 | -5.8% | -- | |
| 05/22/2025 05/22/25 | Price Changed | $950,000 | -2.6% | -- | |
| 03/28/2025 03/28/25 | For Sale | $975,000 | +41.3% | -- | |
| 09/06/2024 09/06/24 | Sold | $690,000 | -13.6% | -- | View Prior Sale |
| 08/28/2024 08/28/24 | Pending | -- | -- | -- | |
| 08/25/2024 08/25/24 | For Sale | $799,000 | 0.0% | -- | |
| 08/23/2024 08/23/24 | Pending | -- | -- | -- | |
| 08/12/2024 08/12/24 | For Sale | $799,000 | -- | -- |
Source: ImagineMLS (Bluegrass REALTORS®)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $6,507 | $690,000 | $0 | $0 |
| 2024 | $5,988 | $625,000 | $0 | $0 |
| 2023 | $4,171 | $430,000 | $0 | $0 |
| 2022 | $555 | $430,000 | $0 | $0 |
| 2021 | $2,478 | $250,000 | $0 | $0 |
| 2020 | $2,529 | $250,000 | $0 | $0 |
| 2019 | $2,542 | $250,000 | $0 | $0 |
| 2018 | $2,541 | $250,000 | $0 | $0 |
| 2017 | $2,513 | $250,000 | $0 | $0 |
| 2016 | $2,493 | $250,000 | $0 | $0 |
| 2015 | $2,433 | $250,000 | $0 | $0 |
| 2014 | $2,393 | $250,000 | $0 | $0 |
| 2012 | $2,393 | $250,000 | $50,000 | $200,000 |
Source: Public Records
Agents Affiliated with this Home
-
Sarah Espinosa
-
Suresh Mallichettiar Jayaraman
S
Buyer's Agent in 2025
Suresh Mallichettiar Jayaraman
Keller Williams Bluegrass Realty
(502) 229-4812
9 Total Sales
-
Kim Caywood
Seller's Agent in 2024
Kim Caywood
The Real Estate Co.
(859) 979-1508
377 Total Sales
-
J
Seller Co-Listing Agent in 2024
Joshua Barrett
The Real Estate Co.
Map
Source: ImagineMLS (Bluegrass REALTORS®)
MLS Number: 25006032
APN: R002-0013-0007-B
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.
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