# 328 Summit Street, Richmond, KY 40475

> **TL;DR:** 15bd/14ba multi-family, $964,900 ($215/sqft), 4,496 sqft.
> A/C. Est. $5,160/mo. Listed 38 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $964,900 |
| Price/sqft | $215 |
| Bedrooms | 15 |
| Bathrooms | 14 full |
| Square Feet | 4,496 |
| Lot Size | 30,056 sqft (0.69 acres) |
| Property Type | Multi-Family (Apartment) |
| Status | Active |
| Days on Market | 38 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $4,879 |
| Estimated Insurance | $281 |
| **Total** | **$5,160** |

## Nearby Schools

- **Elementary:** Kit Carson
- **Middle:** Madison Mid
- **High:** Madison Central

## Key Amenities

- A/C

## Property Highlights

- 0.69 acre lot

## Description

### Agent Description
Exceptional investment opportunity directly adjacent to Eastern Kentucky University! 324 & 328 Summit Street offer 9 rental units across two buildings, currently generating $9,700 per month / $116,400 annually. The front building consists of 4 units, including a 6-bedroom, 5-bath residence and three 1-bedroom, 1-bath apartments. The back building consists of 5 units, including one 2-bedroom, 2-bath apartment and four 1-bedroom, 1-bath apartments. The property also features a common-area laundry room and large basement, along with individual electric water heaters and three new HVAC systems in the 328 building. Excellent opportunity to acquire a strong income-producing multifamily property in a prime Richmond location. Rent roll and financial statements are available under Documents in Flex.

## Location

- **Address:** 328 Summit Street, Richmond, KY 40475
- **County:** Madison
- **Coordinates:** 37.74241, -84.292875
- **Google Maps:** https://www.google.com/maps?q=37.74241,-84.292875

## Listing Agent

- **Name:** M Scott Peace
- **Brokerage:** United Real Estate
- **Broker Phone:** (859) 509-7598
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/328-Summit-St_Richmond_KY_40475_M91996-17190?f=listhub&s=LBARKY&m=26026433&c=propsimple)

## Photos

![328 Summit Street - Photo 1](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f3611943785r.jpg)

![328 Summit Street - Photo 2](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f904674448r.jpg)

![328 Summit Street - Photo 3](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f1772549076r.jpg)

![328 Summit Street - Photo 4](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f2057772532r.jpg)

![328 Summit Street - Photo 5](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f1233266811r.jpg)

![328 Summit Street - Photo 6](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f2255514684r.jpg)

![328 Summit Street - Photo 7](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f4091293704r.jpg)

![328 Summit Street - Photo 8](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f1242475125r.jpg)

![328 Summit Street - Photo 9](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f3022326260r.jpg)

![328 Summit Street - Photo 10](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f1941377096r.jpg)

![328 Summit Street - Photo 11](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f1929939418r.jpg)

![328 Summit Street - Photo 12](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f2967237003r.jpg)

![328 Summit Street - Photo 13](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f3375456832r.jpg)

![328 Summit Street - Photo 14](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f1091931499r.jpg)

![328 Summit Street - Photo 15](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f1798355951r.jpg)

![328 Summit Street - Photo 16](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f2145771392r.jpg)

![328 Summit Street - Photo 17](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f391315666r.jpg)

![328 Summit Street - Photo 18](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f1490179909r.jpg)

![328 Summit Street - Photo 19](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f403853416r.jpg)

![328 Summit Street - Photo 20](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f2082641265r.jpg)

![328 Summit Street - Photo 21](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f2699020946r.jpg)

![328 Summit Street - Photo 22](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f3659647484r.jpg)

![328 Summit Street - Photo 23](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f1515318972r.jpg)

![328 Summit Street - Photo 24](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f451751076r.jpg)

![328 Summit Street - Photo 25](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f4044844884r.jpg)

![328 Summit Street - Photo 26](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f1238452543r.jpg)

![328 Summit Street - Photo 27](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f507618572r.jpg)

![328 Summit Street - Photo 28](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f1729734722r.jpg)

![328 Summit Street - Photo 29](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f686135357r.jpg)

![328 Summit Street - Photo 30](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f3922668135r.jpg)

![328 Summit Street - Photo 31](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f2579151418r.jpg)

![328 Summit Street - Photo 32](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f2601907533r.jpg)

![328 Summit Street - Photo 33](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f2021691778r.jpg)

![328 Summit Street - Photo 34](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f538512947r.jpg)

![328 Summit Street - Photo 35](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f3726387597r.jpg)

![328 Summit Street - Photo 36](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f1021675358r.jpg)

![328 Summit Street - Photo 37](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f3981126850r.jpg)

![328 Summit Street - Photo 38](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f2462966464r.jpg)

![328 Summit Street - Photo 39](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f2109707355r.jpg)

![328 Summit Street - Photo 40](http://lh.rdcpix.com/b5673b284edfbd6d3474d5d864b0d646l-f559944486r.jpg)

---

**MLS#:** 26026433 | **Updated:** 2026-10-20
**Source:** listhub

*Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/328-summit-street-richmond-ky-40475-88d57c7455414001b89bd0d709b60b0a)

---

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