328 Summit St Richmond, KY 40475
Richmond AreaEstimated payment $6,454/month
About This Home
Exceptional investment opportunity directly adjacent to Eastern Kentucky University! 324 & 328 Summit Street offer 9 rental units across two buildings, currently generating $9,700 per month / $116,400 annually. The front building consists of 4 units, including a 6-bedroom, 5-bath residence and three 1-bedroom, 1-bath apartments. The back building consists of 5 units, including one 2-bedroom, 2-bath apartment and four 1-bedroom, 1-bath apartments. The property also features a common-area laundry room and large basement, along with individual electric water heaters and three new HVAC systems in the 328 building. Excellent opportunity to acquire a strong income-producing multifamily property in a prime Richmond location. Rent roll and financial statements are available under Documents in Flex.
Listing Agent
M Scott Peace
Lifstyl Real Estate License #240444 Listed on: 09/24/2026
Property Details
Home Type
- Apartment
Home Design
- 4,496 Sq Ft Home
Bedrooms and Bathrooms
- 15 Bedrooms
- 14 Full Bathrooms
Schools
- Kit Carson Elementary School
- Madison Mid Middle School
- Madison Central High School
Additional Features
- 30,056 Sq Ft Lot
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number R006-0015-0021
Community Details
Overview
- 2 Buildings
- 9 Units
Building Details
- 1 Vacant Unit
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 09/24/2026 09/24/26 | For Sale | $964,900 | -- | $215 / Sq Ft |
Source: ImagineMLS (Bluegrass REALTORS®)
MLS Number: 26026433
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