# 240 Susan Drive, Richmond, KY 40475

> **TL;DR:** 12bd/5ba multi-family, $500,000 ($102/sqft), built 1990, 4,920 sqft.
> A/C. Est. $2,167/mo. Listed 144 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $500,000 |
| Price/sqft | $102 |
| Bedrooms | 12 |
| Bathrooms | 5 full |
| Square Feet | 4,920 |
| Year Built | 1990 |
| Lot Size | 21,344 sqft (0.49 acres) |
| Stories | 3 |
| Property Type | Multi-Family (Apartment) |
| Status | For Sale |
| Days on Market | 144 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,167 |
| **Total** | **$2,167** |

## Nearby Schools

- **Elementary:** Glenn Marshall
- **Middle:** Michael Caudill
- **High:** Madison Central

## Key Amenities

- A/C

## Property Highlights

- Built in 1990
- 0.49 acre lot
- 3 stories
- 9 parking spaces

## Description

### Agent Description
Excellent Investment Opportunity in Richmond-Now at a Reduced Price! This 5 Unit Apartment Building (Three 2BR, 1BA Units and Two 3BR, 1BA Units; Four Units Have Their Own Detached Storage Unit) at 240 Susan Drive now offers even greater value with a recent price reduction. Strong potential for increased income remains-current leases are under market value, presenting an immediate value add opportunity for savvy investors. Conveniently located near shopping, dining, and Eastern Kentucky University, this well maintained property provides consistent occupancy and a solid rental history. With updated rents and the new, lower price, this property could deliver impressive returns in Richmond's growing rental market.

## Location

- **Address:** 240 Susan Drive, Richmond, KY 40475
- **County:** Madison
- **Neighborhood:** Hillcrest
- **Coordinates:** 37.767448, -84.29286
- **Google Maps:** https://www.google.com/maps?q=37.767448,-84.29286

## Listing Agent

- **Name:** Tom D Thomas
- **Brokerage:** The Real Estate Co.
- **Phone:** 8595596335
- **Email:** tom@recoky.com

## Primary Photo

![240 Susan Drive - Primary Photo](http://lh.rdcpix.com/02bfedbd6ff9ee1ebaa27844ad9923ffl-f1208247198r.jpg)

*78 total photos available on [listing page](https://www.propertysimple.com/listing/240-susan-drive-richmond-ky-40475-25506308)*

---

**MLS#:** 25506308 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/240-susan-drive-richmond-ky-40475-25506308)

---

## Structured Data

```json
{
  "@context": "https://schema.org",
  "@type": "RealEstateListing",
  "name": "240 Susan Drive, Richmond, KY 40475",
  "description": "Excellent Investment Opportunity in Richmond-Now at a Reduced Price! This 5 Unit Apartment Building (Three 2BR, 1BA Units and Two 3BR, 1BA Units; Four Units Have Their Own Detached Storage Unit) at 240 Susan Drive now offers even greater value with a recent price reduction. Strong potential for increased income remains-current leases are under market value, presenting an immediate value add opportunity for savvy investors. Conveniently located near shopping, dining, and Eastern Kentucky Universi",
  "url": "https://www.propertysimple.com/listing/240-susan-drive-richmond-ky-40475-25506308",
  "image": "http://lh.rdcpix.com/02bfedbd6ff9ee1ebaa27844ad9923ffl-f1208247198r.jpg",
  "datePosted": "2026-04-24",
  "price": 500000,
  "priceCurrency": "USD",
  "address": {
    "@type": "PostalAddress",
    "streetAddress": "240 Susan Drive",
    "addressLocality": "Richmond",
    "addressRegion": "KY",
    "postalCode": "40475",
    "addressCountry": "US"
  },
  "geo": {
    "@type": "GeoCoordinates",
    "latitude": 37.767448,
    "longitude": -84.29286
  },
  "numberOfRooms": 12,
  "numberOfBathroomsTotal": 5,
  "floorSize": {
    "@type": "QuantitativeValue",
    "value": 4920,
    "unitCode": "FTK"
  },
  "yearBuilt": 1990
}
```