159-181 Miller Drive, Richmond, KY 40475
$1,850,000
Property Type:
Residential Income
Bedrooms:
30
Baths:
18
Square Footage:
5,466
Lot Size (sq. ft.):
33,759
Status:
Pending
Current Price:
$1,850,000
List Date:
2/07/2026
Last Modified:
4/04/2026
Listing Details MLS# 26002268
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Apartment
Status Change Information
- Price Change Timestamp
- 2026-03-17T16:54:38Z
- Status Change Timestamp
- 2026-04-04
- Purchase Contract Date
- 2026-04-04
Address
- County
- Madison
- Street Number
- 159-181
- Street Name
- Miller
- Street Suffix
- Drive
- State
- KY
- Zip Code
- 40475
- Directions
- From Redhouse road, turn onto miller drive, apartment complex will be on the right hand side. Both buildings are side by side.
- Parcel Number
- 054A-0004-0035
Contract
- Original List Price
- 1899900
- Start Showing Date
- 2026-02-07
- Listing Contract Date
- 2026-02-07
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
- Office Exclusive YN
- No
- List Price/Acre
- 2371794.87
- List Price/SqFt
- 338.46
Tax Legal
- MLS Area Major
- 008 - Madison County
- Subdivision Name
- Hillcrest
- High School District
- Madison County - 8
Interior
- Bedrooms Total
- 30
- Bathrooms Total
- 18
- Bathrooms Full
- 18
- Living Area
- 5466
- Living Area Source
- Appraiser
- Bathrooms Half
- 0
More Information
Building
- Year Built
- 9999
- Stories Total
- 2
- Accessibility Features YN
- No
Lot
- Lot Size Acres
- 0.775
- Lot Size Square Feet
- 33759
- Lot Size Dimensions
- 150x225
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
- Electricity Connected
- Yes
- Natural Gas Available
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
- Underground Utilities
- Yes
Remarks
- Public Remarks
- 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.
Building and Property Details
- Age of Roof
- 2023
Tax & Legal
- High School
- Madison Central
Association/Community
- Number Of Buildings
- 2
- Number Of Units Total
- 18
Cooling
- Electric
- Yes
Heating
- Electric
- Yes
Laundry Features
- Electric Dryer Hookup
- Yes
- Washer Hookup
- Yes
Parking Features
- On Site
- Yes
- Paved
- Yes
Possession
- Close Of Escrow
- Yes
- Rental Agreement
- Yes
- Subject To Tenant Rights
- Yes
Roof
- Dimensional Style
- Yes
- Shingle
- Yes
Structure Type
- Multi Family
- Yes
Showing Requirements
- Call Listing Agent
- Yes
Property Features
Utilities:
Electricity Connected; Natural Gas Available; Sewer Connected; Water Connected; Underground Utilities; Electricity Connected; Natural Gas Available; Sewer Connected; Water Connected; Underground Utilities
Cooling:
Electric
Heating:
Electric
Laundry Features:
Electric Dryer Hookup; Washer Hookup
Parking Features:
On Site; Paved
Possession:
Close Of Escrow; Rental Agreement; Subject To Tenant Rights
Roof:
Dimensional Style; Shingle
Structure Type:
Multi Family
Showing Requirements:
Call Listing Agent
Sellers Disclosure Of Property Condition ›
Listing Office:
Premier Property Consultants
Last Updated: April - 04 - 2026
Information deemed reliable but not guaranteed.