$975,000

306 Spangler Dr Richmond, KY 40475

$10,000
Closing credit¹
15 beds
8 full, 5 partial
0.5 acres
Multi-Family

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

Home typeMulti Family
StatusActive
Lot size0.4768 Acres
Year built9999
Parking11 - 20 Spaces
MLS #25006032

Summary

  • MLS Number: 25006032
  • Office Name: RE/MAX Creative Realty
  • Office Phone: (859) 422-2000
  • Office Email: sari.lawrence@remax.net

IDX 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: 4/9/2025, 4:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Get an agent. Get a mortgage. Save big.¹

colonial inspired home with uncovered parking and brick siding

$975,000

306 Spangler Dr

$10,000

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Oct 03, 2023
Home Sold
$1,170,000

Tax history

YearAssessmentProperty 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.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $33,145. Residents of Richmond, KY typically earn less than $<35k each year. Most families are single, no kids. Residents of this area typically have post secondary degree education.

How much money do the neighbors make?

53%
<35k
41%
35k-100k
6%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

64%
Single, No Kids
11%
Single, with Kids
13%
Married, No Kids
12%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

11%
<11 yrs old
4%
12-17 yrs old
57%
18-34 yrs old
23%
35-64 yrs old
5%
65+ yrs old

What do the neighbors do for fun?

  • SoccerSoccer
  • Continuing Education CoursesContinuing Education Courses
  • NBA/WNBANBA/WNBA

Where do the neighbors shop?

  • Forever 21Forever 21
  • Express/Express For MenExpress/Express For Men
  • BurlingtonBurlington

Where do the neighbors go to eat?

  • Dominos PizzaDominos Pizza
  • QdobaQdoba
  • StarbucksStarbucks

What do the neighbors drive?

  • MazdaMazda
  • VolkswagenVolkswagen
  • PontiacPontiac

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Urban ContemporaryUrban Contemporary
  • RockRock
All data provided by Home Junction and Claritas

Frequently asked questions

Living in Richmond, KY

About 306 Spangler Dr

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 $975,000.

In March 2025, from all listings sold in Richmond, KY there were more than 7 sold above asking price, over 26 sold below and more than 8 were sold right at the asked price. The inventory of homes for sale in Richmond, KY between February and March 2025 increased by 16.3%. Listings spent 52 days on the market in March 2025, and had a median list price of $305,044 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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