Seller will do a land contract if buyer can pay large payments for a few years.. Well kept rare find 4 plex, each unit has 1 bedroom, full bath plus laundry room. Great location in Richmond not far to Eastern Kentucky University, EKU By-Pass and I-75. Nice lot with mature trees and blacktop parking. Two units on first floor and 2 units upstairs with stairwell inside middle of building, roof is 8 years olds, no carpet. Renters pay all utilities. Each unit is rented at $650. Listing agent must be at showings. Good investment to buy and live in one unit and rent the other 3 units. Great location
Sold for $300,000
$300,000
228 Magnolia Dr, Richmond, KY 40475
4beds
2,800sqft
Quadruplex
Built in ----
-- sqft lot
$365,600 Zestimate®
$107/sqft
$1,440 Estimated rent
Home value
$365,600
$347,000 - $384,000
$1,440/mo
Zestimate® history
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Blacktop parking
Zillow last checked:
Listing updated:
Listed by:
Delma Peercy 859-661-5117,
BlueHorse Realty
Bought with:
Delma Peercy, 192717
BlueHorse Realty
Source: Imagine MLS,MLS#: 25010366
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard
Cooling
- Window Unit(s)
Interior area
- Total structure area: 2,800
- Total interior livable area: 2,800 sqft
Property
Parking
- Total spaces: 5
Lot
- Size: 0.5 Acres
- Dimensions: 98 x 120 x 103 x 120
Details
- Parcel number: r00100090001
- Zoning description: multi fam
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Roof: Composition
Condition
- New construction: No
Utilities & green energy
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Greenway Hgts
Location
- Region: Richmond
Financial & listing details
- Price per square foot: $107/sqft
- Tax assessed value: $190,000
- Annual tax amount: $1,820
- Date on market: 1/20/2026
Price history
| Date | Event | Price |
|---|---|---|
| 2/17/2026 | Sold | $300,000-9.1%$107/sqft |
Source:  Imagine MLS #25010366 Report a problem | ||
| 1/23/2026 | Pending sale | $329,900$118/sqft |
Source: Imagine MLS #25010366 Report a problem | ||
| 1/20/2026 | Listed for sale | $329,900-8.3%$118/sqft |
Source: Imagine MLS #25010366 Report a problem | ||
| 1/9/2026 | Listing removed | $359,900$129/sqft |
Source: Imagine MLS #25010366 Report a problem | ||
| 11/21/2025 | Price change | $359,900-4%$129/sqft |
Source: Imagine MLS #25010366 Report a problem | ||
| 10/11/2025 | Price change | $375,000-2.6%$134/sqft |
Source: Imagine MLS #25010366 Report a problem | ||
| 5/17/2025 | Listed for sale | $385,000+102.6%$138/sqft |
Source: Imagine MLS #25010366 Report a problem | ||
| 12/23/2013 | Sold | $190,000-5%$68/sqft |
Source: Imagine MLS #1320700 Report a problem | ||
| 10/21/2013 | Listed for sale | $199,900+11.1%$71/sqft |
Source: Tom Harper and Associates #1320700 Report a problem | ||
| 5/6/2011 | Sold | $180,000+5.9%$64/sqft |
Source:  Imagine MLS #569395 Report a problem | ||
| 3/12/2007 | Sold | $170,000$61/sqft |
Source: Imagine MLS #709594 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,820 -1.2% | $190,000 |
| 2023 | $1,843 -0.3% | $190,000 |
| 2022 | $1,849 -1.8% | $190,000 |
| 2021 | $1,883 -2.5% | $190,000 |
| 2018 | $1,931 +1.1% | $190,000 |
| 2017 | $1,910 +0.8% | $190,000 |
| 2016 | $1,895 +2.5% | $190,000 |
| 2015 | $1,849 +7.3% | $190,000 |
| 2014 | $1,723 | $190,000 +5.6% |
| 2012 | $1,723 | $180,000 |
| 2011 | -- | $180,000 |
Find assessor info on the county website
Neighborhood: 40475
Nearby homes
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- $381,8003 bd3 ba2.4k sqft100 Brookview Dr, Richmond, KY 40475Off Market
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- $211,600-- bd-- ba1.2k sqft222 Magnolia Dr, Richmond, KY 40475Off Market
Nearby schools
GreatSchools rating
- 6/10Kit Carson Elementary SchoolGrades: 1-5Distance: 1 mi
- 8/10Madison Middle SchoolGrades: 6-8Distance: 1.1 mi
- 7/10Madison Central High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: Kit Carson
- Middle: Madison Mid
- High: Madison Central
Source: Imagine MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Kentucky
- Madison County
- Richmond
- 40475
- 228 Magnolia Dr
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