9-Unit Apartment
For Sale
$964,900
328 Summit St, Richmond, KY 40475
Two residential buildings include shared laundry facilities and a basement.
Property Size4,496 SF
Price / SF$214.61
Days on Market9
Property Features for 328 Summit St
General Information
Standard status
Active
Size
4,496 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 6BR/5BA, 3 x 1BR/1BA, 1 x 2BR/2BA, 4 x 1BR/1BA
Multifamily Units
9
Additional Details
Gross Income
$116,400
Amenities
common-area laundry room
basement
Building Details
Buildings
2
Listing Agency:
Lifstyl Real Estate
(859) 278-7501
Listed By:
M Scott Peace · License #240444
(512) 921-2794
Source:
Exprealty
Added: Sep 24
Changed: Oct 1
Last Checked: Oct 1 at 12:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lifstyl Real Estate
Investment Insights
Based on property information with market context.
The property comprises two apartment buildings at 324 and 328 Summit Street, with nine units in total. The mix includes a six-bedroom, five-bath residence, one two-bedroom, two-bath apartment, and seven one-bedroom, one-bath apartments. Shared amenities include a laundry room and a large basement. Units have individual electric water heaters, and the 328 Summit Street building has three new HVAC systems.
The buildings are adjacent to Eastern Kentucky University in Richmond, Kentucky.
The buildings are adjacent to Eastern Kentucky University in Richmond, Kentucky.
Key Highlights
- Nine apartments across two buildings at 324 and 328 Summit Street
- Unit mix includes one 6‑bedroom, 5‑bath residence and one 2‑bedroom, 2‑bath apartment
- Seven 1‑bedroom, 1‑bath apartments
Property Analytics
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Current Use
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
944
Businesses Nearby
Explore this area
Business Placement
Demographics for 40475, KY
62,531
Population
28,118
Households
2.2
Avg Household Size
35
Median Age
37%
College-Educated
93%
High-School Grad
287.3 sq mi
ZIP Area
218
Density / Sq Mi
$62,731
Median Household Income
$35,102
Median Earnings
$863
Median Rent
$232,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two residential buildings include shared laundry facilities and a basement.
Where is this apartment building located?
The property is located at 328 Summit St Richmond, KY.
What is the asking price?
The asking price for this property is $964,900.
What are key features of this property?
This property features: Nine apartments across two buildings at 324 and 328 Summit Street; Unit mix includes one 6‑bedroom, 5‑bath residence and one 2‑bedroom, 2‑bath apartment; Seven 1‑bedroom, 1‑bath apartments
