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$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 Site46
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:
$349,900
100% of Average
sqft:
4,496
low | high
Med:
1,212
100% of Average
$ / sqft:
$215
low | high
Med:
$289
15.480476952245% of Average
On site:
46
low | high
Med:
19
100% of Average
Sourced by Back At You

Market Activity 40475

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Learn More About This Property

Benchmark Realty

Benchmark Realty

 (615) 371-1544info@benchmarkrealtytn.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:
$349,900
100% of Average
sqft:
4,496
low | high
Med:
1,212
100% of Average
$ / sqft:
$215
low | high
Med:
$289
15.480476952245% of Average
On site:
46
low | high
Med:
19
100% of Average
Sourced by Back At You
Listing Updated: September 30, 2026 at 10:04:39 AM PDT
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