159-181 Miller Drive Richmond, KY $ 1,899,900
159-181 Miller Drive
$ 1,899,900
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159-181 Miller Drive

Richmond, KY, 40475
$ 1,899,900
Bedrooms30 Baths18.0 Sq 5,466

Monthly Estimate*

$ 11,698

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Multi-Family Home for sale in Richmond, KY

for $1,899,900 with 30 bedrooms and 18 full baths. This 5,466 square foot home was built on a lot size of 0.78.

Exceptional 18-unit investment opportunity in the heart of Richmond. This well-maintained apartment complex consists of two buildings (side by side) and offers strong cash flow, no deferred maintenance, and easy management thanks to extensive recent upgrades throughout the property. Major improvements include a new dimensional shingle roof (2023), LVP flooring throughout most units, updated electrical and plumbing, fresh interior paint in all units, multiple HVAC unit replacements, and decking boards replaced and painted for long-term durability. The parking lot has been recently seal-coated and striped, providing clean, organized parking for tenants and guests. The property is uniquely positioned in a private, rural-feeling setting while being just minutes from downtown Richmond, offering tenants the best of both privacy and convenience. With a solid rent roll, modernized systems, and minimal ongoing capital needs, this is a turnkey, stabilized asset ideal for both seasoned investors and those looking to scale their portfolio in a growing market. Property owner is the licensed selling agent.

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Multi-Family Active

Price

$ 1,899,900

Bedrooms

30

Full Bath

18

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

0.78

Town/City

Richmond

County/Region

Madison

MLS | Web ID

26002268

Features
General
Heating Electric
Cooling Electric
Utilities Electricity Connected Natural Gas Available Sewer Connected Water Connected Underground Utilities
Possession Close Of Escrow Rental Agreement Subject To Tenant Rights
Roof Dimensional Style Shingle
Year Built 9999
Property Subtype Apartment
Parcel Number 054A-0004-0035
County Madison
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name Hillcrest
Full Baths 18
Status Active
Directions From Redhouse road turn onto miller drive apartment complex will be on the right hand side. Both buildings are side by side.
High School Madison Central
City Richmond
High School District Madison County - 8
Number Of Units Total 18
MLS Area 008 - Madison County
Lot Size Units Acres
Lot Size Square Feet 33759.0
Land Lease Y/N N
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 Paved
Lot Size Area 0.78
Number of Buildings 2
Building Area Total 5466.0
Lot Dimensions 150x225
Lot Size Acres 0.78
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
Laundry Features Electric Dryer Hookup Washer Hookup
Total Bedrooms 30
Total Baths 18
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Internal Only
Street Number 1 159181
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* Excluded Features
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$11,698
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Monthly Principal & Interest
$11,698
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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
3290010 Elementary School
3290082 Middle School
Madison Central High School High School
Pricing History
DatePricePrice ChangeDescription
2/7/2026$1,899,900 Listed Price

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159-181 Miller Drive, Richmond, KY, 40475 is a Multi-Family Home for sale at $1,899,900 with 5,466 sqft and a lot size of 0.78. 159-181 Miller Drive has 30 bedrooms and 18.0 baths. The property's zip code is 40475 which is in Richmond, KY