Exceptional Investment Opportunity! Discover this 8-plex nestled in one of Richmond's most sought-after areas, offering unmatched convenience for tenants. Just minutes from Eastern Kentucky University, Baptist Health, vibrant downtown Richmond, and with swift access to I-75, this location ensures high demand year-round.
The complex features a versatile mix of units:
• 5 spacious 2-bedroom, 1.5-bath units
• 2 charming 2-bedroom, 1-bath units
• 1 cozy 1-bedroom, 1-bath unit
Boasting a proven rental history and generating a robust $6,975 in monthly rental income, this property is a must-have addition to any investor's portfolio. Recent upgrades, including a new roof shingles and three beautifully remodeled units, enhance its appeal and ensure minimal upkeep. Step into a thriving market with this turn-key gem—a rare chance to capitalize on Richmond's ever-growing rental demand. Opportunities like this don't last long!
Sold for $850,000
$850,000
306 Spangler Dr, Richmond, KY 40475
15beds
--sqft
Multi Family
Built in ----
-- sqft lot
$768,800 Zestimate®
$--/sqft
$884 Estimated rent
Home value
$768,800
$692,000 - $853,000
$884/mo
Zestimate® history
Owner options
List your home for rent
$884/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$884/mo
Rent Zestimate®
Refinance and save
$5,196/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$5,196/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Sarah B Espinosa 859-509-1299,
RE/MAX Creative Realty
Bought with:
Suresh Mallichettiar Jayaraman, 277334
Keller Williams Bluegrass Realty
Source: Imagine MLS,MLS#: 25006032
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 13
- Full bathrooms: 8
- 1/2 bathrooms: 5
Property
Parking
- Total spaces: 20
Lot
- Size: 0.48 Acres
Details
- Parcel number: R00200130007B
- Zoning description: B-3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Shingle
Condition
- New construction: No
Utilities & green energy
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Commercial
Location
- Region: Richmond
Financial & listing details
- Tax assessed value: $625,000
- Annual tax amount: $5,988
- Date on market: 3/28/2025
Price history
| Date | Event | Price |
|---|---|---|
| 8/11/2025 | Sold | $850,000-5% |
Source:  Imagine MLS #25006032 Report a problem | ||
| 6/20/2025 | Contingent | $895,000 |
Source: Imagine MLS #25006032 Report a problem | ||
| 6/2/2025 | Price change | $895,000-5.8% |
Source: Imagine MLS #25006032 Report a problem | ||
| 5/22/2025 | Price change | $950,000-2.6% |
Source: Imagine MLS #25006032 Report a problem | ||
| 3/28/2025 | Listed for sale | $975,000+41.3% |
Source: Imagine MLS #25006032 Report a problem | ||
| 9/6/2024 | Sold | $690,000-13.6% |
Source: Imagine MLS #24016872 Report a problem | ||
| 8/25/2024 | Listed for sale | $799,000 |
Source: Imagine MLS #24016872 Report a problem | ||
| 8/23/2024 | Pending sale | $799,000 |
Source: Imagine MLS #24016872 Report a problem | ||
| 8/12/2024 | Listed for sale | $799,000 |
Source: Imagine MLS #24016872 Report a problem | ||
| 1/1/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 12/20/2021 | Listed for rent | $675 |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,988 +43.6% | $625,000 +45.3% |
| 2023 | $4,171 -0.3% | $430,000 |
| 2022 | $4,184 +68.9% | $430,000 +72% |
| 2021 | $2,478 -2.5% | $250,000 |
| 2018 | $2,541 +1.1% | $250,000 |
| 2017 | $2,513 +0.8% | $250,000 |
| 2016 | $2,493 +2.5% | $250,000 |
| 2015 | $2,433 +1.7% | $250,000 |
| 2014 | $2,393 | $250,000 |
| 2012 | $2,393 +12.4% | $250,000 |
| 2011 | $2,129 | $250,000 |
Find assessor info on the county website
Neighborhood: 40475
Nearby homes
- $--2 bd2 ba-- sqft306 Spangler Dr APT 2, Richmond, KY 40475Off Market
- $9502 bd1 ba900 sqft306 Spangler Dr APT 8, Richmond, KY 40475For Rent
- $--2 bd2 ba-- sqft306 Spangler Dr #5, Richmond, KY 40475Off Market
- $750-- bd1 ba300 sqft306 Spangler Dr #11611083, Richmond, KY 40475For Rent
- $9502 bd1 ba900 sqft306 Spangler Dr #11609848, Richmond, KY 40475For Rent
- $750-- bd1 ba300 sqft306 Spangler Dr APT 6, Richmond, KY 40475For Rent
- $--3 bd1 ba1.2k sqft308 Spangler Dr #2, Richmond, KY 40475Off Market
- $--3 bd1 ba1.2k sqft308 Spangler Dr APT 1, Richmond, KY 40475Off Market
Nearby schools
GreatSchools rating
- 8/10Kirksville Elementary SchoolGrades: PK-5Distance: 3.6 mi
- 8/10Madison Middle SchoolGrades: 6-8Distance: 1.4 mi
- 7/10Madison Central High SchoolGrades: 9-12Distance: 2 mi
Schools provided by the listing agent
- Elementary: Kirksville
- 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.
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$768,800
2% more
+$15,376
With Zillow Showcase(estimated)
$784,176
- Kentucky
- Madison County
- Richmond
- 40475
- 306 Spangler Dr
Nearby cities
Nearby zip codes
Other Richmond Topics
