181 Miller Drive Richmond, KY $ 625,000
181 Miller Drive
$ 625,000
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181 Miller Drive

Richmond, KY, 40475
$ 625,000
Bedrooms12 Baths6.0 Sq 4,494

Monthly Estimate*

$ 3,848

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Multi-Family Home for sale in Richmond, KY

for $625,000 with 12 bedrooms and 6 full baths. This 4,494 square foot home was built on a lot size of 0.42.

This well-maintained, fully leased, 6-plex multifamily property in Richmond, KY, presents an outstanding opportunity for investors looking to expand their portfolio. The property has seen significant interior improvements, including brand-new LVP flooring, fresh paint throughout, and the installation of new appliances in each unit, providing a modern, move-in-ready experience for tenants. The exterior of the building has been enhanced with new shingles in 2023, a seal-coated, freshly painted parking lot and new landscaping, adding to the property's curb appeal and functionality. Additionally, a professional basement waterproofing system has been installed, protecting the structure and offering added value for years to come. This property is an ideal addition for investors seeking steady rental income with minimal deferred maintenance. With these recent upgrades, you can confidently take ownership and watch your investment thrive. Don't miss out on this prime multifamily opportunity!

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Multi-Family Active

Price

$ 625,000

Bedrooms

12

Full Bath

6

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

0.42

Town/City

Richmond

County/Region

Madison

MLS | Web ID

26002159

Features
General
Heating Electric
Cooling Window Unit(s)
Utilities Electricity Connected Sewer Connected Water Connected
Possession Close Of Escrow Subject To Tenant Rights
Roof Dimensional Style Shingle
Year Built 9999
Property Subtype Apartment
Parcel Number 054A-0004-0034
County Madison
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name Hillcrest
Full Baths 6
Status Active
Directions 181 Miller Drive is most easily accessible off of Red House Road.
High School Madison Central
City Richmond
High School District Madison County - 8
Number Of Units Total 6
MLS Area 008 - Madison County
Lot Size Units Acres
Lot Size Square Feet 18295.0
Elementary School Glenn Marshall
Land Lease Y/N N
Middle/Junior High School Michael Caudill
MLS Area Minor 008 - Madison County
Lease Considered Y/N N
Rent Control Y/N N
Structure Type Multi Family
Standard Status Active
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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Exterior
Parking Features On Site
Total Parking 20.0
Lot Size Area 0.42
Number of Buildings 1
Building Area Total 4494.0
Lot Size Acres 0.42
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Air Conditioning Y/N Y
Heating Y/N Y
Half Baths 0
Total Bedrooms 12
Total Baths 6
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Internal Only
Street Number 1 181
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* Excluded Features
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$3,848
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Monthly Principal & Interest
$3,848
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3289566 Elementary School
3292816 Middle School
Madison Central High School High School
Pricing History
DatePricePrice ChangeDescription
2/5/2026$625,000 Listed Price

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181 Miller Drive, Richmond, KY, 40475 is a Multi-Family Home for sale at $625,000 with 4,494 sqft and a lot size of 0.42. 181 Miller Drive has 12 bedrooms and 6.0 baths. The property's zip code is 40475 which is in Richmond, KY