159 Miller Dr Richmond, KY 40475
Estimated payment $11,862/month
Highlights
- 0.78 Acre Lot
- Cooling Available
- Heating Available
- Clark Moores Middle School Rated 9+
About This Home
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.
Property Details
Home Type
- Multi-Family
Lot Details
- 33,759 Sq Ft Lot
Home Design
- Dimensional Roof
- Shingle Roof
Interior Spaces
- 5,466 Sq Ft Home
- 2-Story Property
- Washer and Electric Dryer Hookup
Bedrooms and Bathrooms
- 30 Bedrooms
- 18 Full Bathrooms
Parking
- Paved Parking
- On-Site Parking
Schools
- Madison Central High School
Utilities
- Cooling Available
- Heating Available
- Underground Utilities
Community Details
- 2 Buildings
- 18 Units
- Hillcrest Subdivision
Listing and Financial Details
- Assessor Parcel Number 054A-0004-0035
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/04/2026 04/04/26 | Pending | -- | -- | -- |
| 03/17/2026 03/17/26 | Price Changed | $1,850,000 | -2.6% | $338 / Sq Ft |
| 02/07/2026 02/07/26 | For Sale | $1,899,900 | -- | $348 / Sq Ft |
Source: ImagineMLS (Bluegrass REALTORS®)
MLS Number: 26002268
APN: 054A-0004-0035
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Ask me questions while you tour the home.