New Listing
$964,900
 $5,180 est/mo Sourced by Back At You

328 Summit Street,Richmond, KY 40475

Richmond, KY 40475

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Description

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.

Details

MLS #26026433
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1000
Days On Site6
Listing Provided ByLifstyl Real Estate | M Scott Peace

Features

Bed(s)15
Bath(s) 14 Total
SQ Feet4,496
Units9
Building(s)2
Acreage0.69

Interior

CoolingCentral Air
HeatingForced Air
Heating Yes / NoYes
Cooling Yes / NoYes

Area Information

StateKY
CountyMadison
CityRichmond
Zip Code40475
Area008 Madison County
SubareaMadison County
School DistrictMadison County
Elementary SchoolKit Carson
High SchoolMadison Central
Listing VS Median (in 40475)
Price:
$964,900
low | high
Med:
$340,400
100% of Average
sqft:
4,496
low | high
Med:
1,980
100% of Average
$ / sqft:
$215
low | high
Med:
$174
68.978226438602% of Average
On site:
6
low | high
Med:
106.5
5.633802816901% of Average
Sourced by Back At You

Market Activity 40475

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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by Imagine MLS.

Contact

Learn More About This Property

Elite Realty

Elite Realty

 (270) 556-2271joemetzgerproperties@gmail.com
StateKY
CountyMadison
CityRichmond
Zip Code40475
Area008 Madison County
SubareaMadison County
School DistrictMadison County
Elementary SchoolKit Carson
High SchoolMadison Central
Listing VS Median (in 40475)
Price:
$964,900
low | high
Med:
$340,400
100% of Average
sqft:
4,496
low | high
Med:
1,980
100% of Average
$ / sqft:
$215
low | high
Med:
$174
68.978226438602% of Average
On site:
6
low | high
Med:
106.5
5.633802816901% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $723K - $1.26M
sqft: 3,000 - 5,500
Nearby Listings Property ImageNearby Listings Details
325 S 3rd Street Property Photo 1
$275,000
325 S 3rd Street
Richmond, KY 40475
130 Big Hill Avenue Suite B Property Photo 1
$2,600
130 Big Hill Avenue Suite B
Richmond, KY 40475
Listing Updated: September 29, 2026 at 3:18:38 AM PDT
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS Template.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by Imagine MLS.
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