249 Evansdale Avenue Richmond, KY $ 545,000
249 Evansdale Avenue
$ 545,000
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249 Evansdale Avenue

Richmond, KY, 40475
$ 545,000
Bedrooms11 Baths5.0 Sq 3,731

Monthly Estimate*

$ 3,356

249 Evansdale Avenue, Richmond, KY 40475 - Image 1
249 Evansdale Avenue, Richmond, KY 40475 - Image 2
249 Evansdale Avenue, Richmond, KY 40475 - Image 3
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249 Evansdale Avenue, Richmond, KY 40475 - Image 5
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249 Evansdale Avenue, Richmond, KY 40475 - Image 8
249 Evansdale Avenue, Richmond, KY 40475 - Image 9

Multi-Family Home for sale in Richmond, KY

for $545,000 with 11 bedrooms and 5 full baths. This 3,731 square foot home was built on a lot size of 0.53.

Excellent investment opportunity featuring a portfolio of THREE PROPERTIES with FIVE total rental UNITS. The centerpiece of the portfolio is a duplex offering two spacious 3-bedroom, 1-bath units that are both currently rented, providing immediate and stable income. The duplex has seen major recent improvements, including a roof replacement in October 2023 (new shingles and some sheathing). Both HVAC systems have also been replaced in recent years—Unit #1 in June 2021 and Unit #2 in December 2024. Also included are two additional properties with smaller units. One property features a 2-bedroom, 1-bath unit, while another includes a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit with a 1-car garage. Two of these smaller units are currently rented, and one home is intentionally being kept vacant to allow for showings and to provide an owner-occupant opportunity if desired. The vacant unit was previously rented for $1,100 per month and could easily be leased again to add to the income stream. Select units throughout the portfolio have been recently updated with vinyl plank flooring and fresh interior paint. This is a strong opportunity to acquire an updated, income-producing portfolio with immediate cash flow and additional upside potential. Seller is a licensed real estate agent.

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Multi-Family Active

Price

$ 545,000

Bedrooms

11

Full Bath

5

Property Type

Multi-Family

Taxes

$ 0

Style

Duplex

Lot Size

0.53

Town/City

Richmond

County/Region

Madison

MLS | Web ID

26004170

Features
General
Heating Electric
Cooling Electric
Possession Close Of Escrow Rental Agreement Subject To Tenant Rights
Roof Dimensional Style Metal Shingle
Zoning Other
Year Built 9999
Property Subtype Duplex
Parcel Number R009-032A-0006
County Madison
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name Hoskins
Full Baths 5
Status Active
Directions From Robert E Martin Bypass turn onto E Main Street then turn right onto E Irvine Street then turn onto Evansdale Ave. Properties will be on the left hand side (all in a row side by side)
High School Madison Central
City Richmond
High School District Madison County - 8
Number Of Units Total 5
MLS Area 008 - Madison County
Lot Size Units Acres
Lot Size Square Feet 23086.8
Land Lease Y/N N
MLS Area Minor 008 - Madison County
Lease Considered Y/N N
Rent Control Y/N N
Structure Type Duplex Other
Standard Status Active
Total Actual Rent 59400.0
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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Exterior
Parking Features Gravel On Site Paved
Lot Size Area 0.53
Number of Buildings 4
Building Area Total 3731.0
Lot Size Acres 0.53
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Air Conditioning Y/N Y
Heating Y/N Y
Half Baths 0
Laundry Features Electric Dryer Hookup Washer Hookup
Total Bedrooms 11
Total Baths 5
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Internal Only
Street Number 1 249
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* Excluded Features
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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
3/6/2026$545,000 Listed Price

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249 Evansdale Avenue, Richmond, KY, 40475 is a Multi-Family Home for sale at $545,000 with 3,731 sqft and a lot size of 0.53. 249 Evansdale Avenue has 11 bedrooms and 5.0 baths. The property's zip code is 40475 which is in Richmond, KY