306 Spangler Dr Richmond, KY 40475
Property details
About 306 Spangler Dr
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 units2 charming 2-bedroom, 1-bath units1 cozy 1-bedroom, 1-bath unitBoasting 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!
Highlights
(Contingent)
Summary
- Partial Bathrooms: 5
- Full Bathrooms: 8
- Total Bedroom Count: 15
- Parking: 11 - 20 Spaces
- List Price: $895,000
- Annual Tax Amount: $4,171
- Tax Year: 2023
- Directions: Exit 87 Left on Bypass towards EKU. Right on Spangler
- Year Built: 9999
- Stories: 2
- Lot Size: 0.4768 Acres
- MLS Number: 25006032
- Office Name: RE/MAX Creative Realty
- Office Phone: (859) 422-2000
- Office Email: sari.lawrence@remax.net
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2025 LBAR Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/24/2025, 5:45:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 03, 2023 | Home Sold | $1,170,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $430,000 | $4,171 |
| 2022 | $430,000 | $4,183 |
| 2021 | $250,000 | $335 |
| 2019 | $250,000 | $347 |
| 2018 | $250,000 | $2,540 |
History based on county public records data.
Nearby schools
7
Kit Carson Elementary School
Public District 1-5
1.4 mi
•450 Tates Creek Rd
6
Daniel Boone Elementary School
Public District 1-5
2.1 mi
•710 N 2nd St
5
Glenn Marshall Elementary School
Public District 1-5
3.0 mi
•1442 Robert R Martin Bypass
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $33,145. The most common annual income of people living in Richmond, KY is less than $<35k. Most families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Soccer
Continuing Education Courses
NBA/WNBA
Where do the neighbors shop?
Forever 21
Express/Express For Men
Burlington
Where do the neighbors go to eat?
Dominos Pizza
Qdoba
Starbucks
What do the neighbors drive?
Mazda
Volkswagen
Pontiac
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Contemporary
Rock
Frequently asked questions
Living in Richmond, KY
Richmond's transport infrastructure caters to a variety of mobility needs, with public transit options complementing the network of roads and highways that connect the city. The area's walkability varies, with certain neighborhoods being more pedestrian-friendly than others. Bike paths are also available for cycling enthusiasts. Enhancements to the transportation system are ongoing, aiming to improve the efficiency and accessibility for all residents.
The community is served by a robust educational system, including multiple public schools at the elementary, middle, and high school levels, as well as private educational institutions. Healthcare services are comprehensive, with facilities offering a range of medical care. The public library system supports lifelong learning, and the city's retail and dining establishments reflect the local culture and cuisine. Initiatives are in place to adapt services to the evolving needs of Richmond's diverse population.
Richmond is celebrated for its historical significance and vibrant community spirit. The city prides itself on its rich cultural heritage, with numerous landmarks and museums that pay homage to its past. Annual events and festivals contribute to the strong sense of community, drawing residents together to celebrate and foster local traditions.
Richmond's housing market showcases a diverse array of options, with single-family homes being a significant presence. The architectural styles in the area range from classic colonial to contemporary, reflecting the city's historical roots and modern growth. The market is balanced with a mix of both homeowners and renters, providing living spaces for a variety of preferences and needs.
About 306 Spangler Dr
The listing price of 306 Spangler Dr property is $895,000.
The property 306 Spangler Dr is a multi located in Richmond, Kentucky, 40475.
Accepting Backup Offers: 306 Spangler Dr is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 306 Spangler Dr are: Kit Carson Elementary School (GreatSchools Rating 7/10), Daniel Boone Elementary School (GreatSchools Rating 6/10), Glenn Marshall Elementary School (GreatSchools Rating 5/10), Madison Middle School (GreatSchools Rating 4/10), Clark Moores Middle School (GreatSchools Rating 5/10), B. Michael Caudill Middle School (GreatSchools Rating 7/10), Madison Central High School (GreatSchools Rating 5/10), Madison Southern High School (GreatSchools Rating 8/10), Berea Community High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2023 is $4,171 (source: MLS/based on county public records data).
The last sale was on October 3, 2023 for $1,170,000 (source: MLS/tax record).
The year of construction for 306 Spangler Dr is 9999.
This home is located at 306 Spangler Dr in Richmond, KY and zip code 40475. Features: 15 bedrooms, 13 bathrooms. It has been listed on Rocket Homes since March 28, 2025 and is currently priced at $895,000.
In June 2025 more than 12 listings in Richmond, KY were sold above the asking price. During the same period more than 21 listings were sold at asking price, while more than 42 were sold below. The number of homes for sale in Richmond, KY increased by 0.6% between May and June 2025. In June 2025, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $301,452.