2021 Willow Drive, Richmond, KY 40475

$1,075,000
Property Type: Residential Income Bedrooms: 16 Baths: 16 Square Footage: 9,280 Lot Size (sq. ft.): 26,136 Status: Contingent
Current Price: $1,075,000 List Date: 4/28/2026 Last Modified: 5/14/2026

Overview

Description

This solid two-story brick multifamily building offers a mix of spacious townhomes and efficient apartments, ideally located off Duncannon Road with quick access to I-75. It includes four townhomes with 2 bedrooms and 2.5 baths each, and four apartments with 2 bedrooms and 1 bath each, all designed for comfortable living with practical layouts. Interior features include flooring choices of tile, luxury vinyl plank (LVP), and carpet throughout, along with ceiling fans in living areas and bedrooms for added comfort. The roof was replaced in 2024, and four units are equipped with newer HVAC systems. Back porches and stairs have been recently updated, and underground utilities keep service clean and reliable. Tenants pay their own electric, with separate utility meters to streamline cash flow and reduce owner expenses. The location on Duncannon Road provides convenient access to I-75, and it's close to shopping, dining, and commuter routes. Investment highlights include strong density with ...

Listing Details MLS# 26007368

Listing Information

Comp Sale YN
No
Property Sub Type
Apartment

Status Change Information

Status Change Timestamp
2026-05-14
Purchase Contract Date
2026-05-14

Address

County
Madison
Street Number
2021
Street Name
Willow
Street Suffix
Drive
State
KY
Zip Code
40475
Directions
from I-75 exit 83 (Bucee's) turn east towards Richmond. Travel 2.7 miles turn left on Golden Leaf Blvd, turn right on Autumn Leaf, then left on Willow Dr
Parcel Number
0070-0002-0009-12

Contract

Original List Price
1075000
Start Showing Date
2026-04-08
Listing Contract Date
2026-04-08
Listing Agreement
Exclusive Right To Sell
Occupant Type
Occupied
Office Exclusive YN
No
List Price/Acre
1791666.67
List Price/SqFt
115.84

Tax Legal

MLS Area Major
008 - Madison County
Subdivision Name
Autumn Place
High School District
Madison County - 8

Interior

Bedrooms Total
16
Bathrooms Total
16
Bathrooms Full
12
Bathrooms Half
4
Living Area
9280
Living Area Source
Appraiser

More Information

Parking Information

Parking Total
16

Building

Year Built
2010
Stories Total
2
Accessibility Features YN
No

Lot

Lot Size Acres
0.6
Lot Size Square Feet
26136

Utilities

Cooling YN
Yes
Heating YN
Yes
Cable Available
Yes
Electricity Connected
Yes
Sewer Connected
Yes
Water Connected
Yes
Underground Utilities
Yes

Remarks

Public Remarks
This solid two-story brick multifamily building offers a mix of spacious townhomes and efficient apartments, ideally located off Duncannon Road with quick access to I-75. It includes four townhomes with 2 bedrooms and 2.5 baths each, and four apartments with 2 bedrooms and 1 bath each, all designed for comfortable living with practical layouts. Interior features include flooring choices of tile, luxury vinyl plank (LVP), and carpet throughout, along with ceiling fans in living areas and bedrooms for added comfort. The roof was replaced in 2024, and four units are equipped with newer HVAC systems. Back porches and stairs have been recently updated, and underground utilities keep service clean and reliable. Tenants pay their own electric, with separate utility meters to streamline cash flow and reduce owner expenses. The location on Duncannon Road provides convenient access to I-75, and it's close to shopping, dining, and commuter routes. Investment highlights include strong density with a mix of 2-bedroom townhomes and 2-bedroom apartments, recent capital improvements (roof 2024, new HVAC units on four units, updated back porches and stairs), underground utilities, and separate electric meters that align with market practice and favorable expense tracking. This property offers a balanced, low-maintenance portfolio with modern updates, making it attractive to tenants and an efficient asset for an investor.

Building and Property Details

Building Expansion Potential YN
No
Furniture, Fixtures & Equipment YN
No
Age of Roof
2
Storage SqFt
32
Common Area SqFt
0
Laundry SqFt
0
Model SqFt
0
Office SqFt
0

Showing Information

Showing Instructions
Showing time, must have at least 48 hour notice to notify tenants

Tax & Legal

Elementary School
Kirksville
Middle Or Junior School
Farristown
High School
Madison Central
Tax Rate
0.0108
Zoning
Other
Zoning Description
Commercial

Association/Community

Number Of Buildings
1
Number Of Units In Community
8
Number Of Units Total
161

Cooling

Electric
Yes
Heat Pump
Yes

Heating

Electric
Yes
Heat Pump
Yes

Laundry Features

Electric Dryer Hookup
Yes
Washer Hookup
Yes

Listing Terms

1031 Exchange
Yes
Cash
Yes
Conventional
Yes

Parking Features

Paved
Yes

Possession

Close Of Escrow
Yes

Roof

Dimensional Style
Yes
Shingle
Yes

Showing Considerations

Pet(s) on Premises
Yes

Structure Type

Multi Family
Yes
Other
Yes

Showing Requirements

Call Listing Agent
Yes
Showing Service
Yes

Property Features

Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected; Underground Utilities; Cable Available; Electricity Connected; Sewer Connected; Water Connected; Underground Utilities Cooling: Electric; Heat Pump Heating: Electric; Heat Pump Laundry Features: Electric Dryer Hookup; Washer Hookup Listing Terms: 1031 Exchange; Cash; Conventional Parking Features: Paved Possession: Close Of Escrow Roof: Dimensional Style; Shingle Showing Considerations: Pet(s) on Premises Structure Type: Multi Family; Other Showing Requirements: Call Listing Agent; Showing Service
Listing Office: CENTURY 21 Advantage Realty
Last Updated: May - 14 - 2026
Information deemed reliable but not guaranteed.