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    403 Turpin Dr Richmond, KY 40475

    For Sale
    $280,000

    MULTI_FAMILY - Richmond, KY

    Property size:
    3,000 SF
    Lot size:
    0.20 Acres
    Days on Market:
    47
    Last Refresh:
    Dec 15 at 8:06 am

    Property Features for 403 Turpin Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 3, Bedroom 6, Bathroom 1, Bathroom 4, Laundry Room, Bedroom 8, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 7, Bedroom 3, Bedroom 2
    Bedrooms
    8
    Bathrooms
    4
    APN
    R007-0030-0021
    Size
    3,000 SF
    Lot size
    0.20 Acres

    Utilities

    Utilities
    Water Available
    Heating system
    Electric (Heating)
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1984
    Floors in Building
    2
    Number of units
    4

    Realty Solutions 3960204

    Listing agent Michael X Wang (859) 396-0204

    Listing date Oct 30, 2025

    MLS# 25505005 Listing URL

    Copyright © 2025 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Income-Producing Richmond Fourplex For Sale

    This income-producing fourplex is in good condition. Updates include soffit/fascia board (2023), unit 1 wall HVAC unit (2023), unit 1 carpet and vinyl (2023), unit 2 water heater (2023), unit 2 wall HVAC unit (2023), unit 4 wall HVAC unit (2021), unit 4 vinyl (2023), unit 4 carpet (2025). The property has a total size of 3000 square feet and sits on a lot of 0.198 acres. The total rents are $2805 per month with all four units currently occupied by tenants, most of whom are long-term. Unit 1 pays $680 monthly, unit 2 pays $695 monthly, unit 3 pays $705 monthly, and unit 4 pays $725 monthly. The landlord is responsible for electricity, which is covered by two meters for the fourplex, and water, which is covered by one meter for the fourplex. The average monthly bill for these utilities is approximately $550.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Madison
    State
    Kentucky
    Longitude
    -84.296158
    Latitude
    37.756539

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    FAQs

    What type of property is this?
    Quadplex - Four-unit multifamily property with long-term tenants and recent updates.
    Where is this quadplex located?
    The property is located at 403 Turpin Dr Richmond, KY.
    What is the asking price?
    The asking price for this property is $280,000.
    What are key features of this property?
    This property features: - Income-producing 4-plex with total rents of $2805/month.; - Available for under $300,000.; - Recent updates include soffit/fascia board, HVAC units, carpet, vinyl, and water heater (2021-2023).
    (859) 396-0204
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    403 Turpin Dr Richmond, KY 40475
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    403 Turpin Dr Richmond, KY 40475
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