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Street View
$500,000
Monthly Est:$2,489
12 Beds
5 Baths5 full baths
4,920sqft
240 Susan Dr, Richmond, KY 40475
$500,000
$2,489/moEst:
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Apartment
Built in 1990
$-- HOA
0.49 acre lot
$102/sq.ft
Description
Excellent Investment Opportunity in Richmond—Now at a Reduced Price! This 5 Unit Apartment Building (Three 2BR, 1BA Units and Two 3BR, 1BA Units; Four Units Have Their Own Detached Storage Unit) at 240 Susan Drive now offers even greater value with a recent price reduction. Strong potential for increased income remains—current leases are under market value, presenting an immediate value add opportunity for savvy investors. Conveniently located near shopping, dining, and Eastern Kentucky University, this well maintained property provides consistent occupancy and a solid rental history. With updated rents and the new, lower price, this property could deliver impressive returns in Richmond's growing rental market.
- Houzeo last checked: 9 minutes ago
- Listing updated: May 17, 2026 at 9:59 pm
- Listing Provided by: Tom D Thomas (859) 559-6335 | The Real Estate Co. (859) 979-1508
- Source: Lexington Bluegrass AOR (Imagine) MLS-KY | MLS#: 25506308
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
--
Year Built
1990
HOA Fees
-
Finished Area
4,920 sqft
Lot Size
0.49 acre lot
Basement Area
- sqft
MLS Name
Lexington Bluegrass AOR (Imagine) MLS
MLS Number
25506308
MLS Status
Active
Days on Market
350
Cumulative Days on Market
181
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 12
Bathrooms: 5
Interior
Heating
Electric, Forced Air, Heat Pump, Natural Gas
Cooling
Central Air, Electric, Heat Pump
Construction
Year Built
Year Built: 1990
Home type
Apartment
Roof
Shingle
Utilities & Energy
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Not Available, Water Connected
Parking Features
On Site, Open, Paved
Laundry Features
Electric Dryer Hookup, Washer Hookup
Other Features
Subdivision Name
Hillcrest
Price History
| Date | Event | Price |
|---|---|---|
11/17/2025 Source: | Price Increased | $525,000 +5.00% $107/sqft |
11/17/2025 Source: | Listed for Sale | $500,000 $102/sqft |
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Based on information from the IMAGINE MLS® through Nov 02, 2026, 11:30AM. Copyrighted by the Imagine MLS®. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data on this website is deemed reliable but is not guaranteed accurate by the MLS. © 2026 IMAGINE MLS®. All Rights Reserved.
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