$280,000

403 Turpin Drive, Richmond, KY 40475

  • 8 beds |
  • 4 baths |
  • 3,000 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1984
  • Property Lot Size Icon8,625sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $93/sqft
  • Property List Date Icon Listed 8 days ago

Property Description

Income producing 4-plex in good condition. It's hard to find a 4-plex now under $300,000 but this is it. Updates include soffitt/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). Total rents are $2805/mo with 4 tenants occupying it. Mostly long term tenants. Landlord pays electricity (2 meters for 4plex) and water (1 meter for 4 plex). Average monthly bill for those is around $550/mo. Unit 1 pays $680 (month to month---been there 6 years). Unit 2 pays $695 (month to month--been there over a year). Unit 3 pays $705 (month to month--been there 9 years). Unit 4 pays $725 (section 8, month to month--been there over 5 years).

Listing Status:
Active
Date Added:
October 30, 2025 at 05:00AM
Listing Office:
Realty Solutions : 859-396-0204
MLS ID:
25505005
  • Laundry: Electric Dryer HookupWasher Hookup
  • A/C: Wall Unit(s)
  • Heating: Electric
  • Parking: On Site
  • Originating MLS: Imagine MLS (Bluegrass REALTORS®)
  • School District: Madison County - 8
  • County: Madison
  • Zoning: R007-0030-0021
  • Utilities: Electricity AvailableSewer AvailableWater Available
  • Source: Imagine MLS (Bluegrass REALTORS®)

This listing courtesy of Realty Solutions

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

D

Daniel Boone Elementary School

710 N 2nd St, Richmond, KY, 40475

Grades 1-5

0.27 miles away

M

Madison County Day Treatment

300 Bellevue Dr, Richmond, KY, 40475

Grades 6-12

0.18 miles away

M

Madison Central High School

705 N 2nd St, Richmond, KY, 40475

Grades 9-12

0.33 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.