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$420,000
Est. payment /mo
5 Beds
5 Baths
4,096 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4,096 sqft
Price per Sqft $102
Subdivision Old Louisville
MLS Listing ID 1683477
Style Traditional
Bedrooms 5
HOA Y/N No
Abv Grd Liv Area 4,096
Originating Board Metro Search (Greater Louisville Association of REALTORS®)
Year Built 1885
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Apartment
Property Description
Don't miss this rare opportunity to own a fully rented 5-plex in the highly sought-after historic district of Old Louisville. Bursting with charm and character, this property offers a unique blend of timeless elegance and solid investment potential. Ideally located just minutes from downtown with easy expressway access, this multi-family gem delivers steady cash flow—with a current rent roll well in excess of the ''1% Rule.'' The owner pays water and LG&E for select units, with those costs offset by higher rents. This property is fully stabilized and can be sold individually or as part of a larger 19-unit portfolio including 932, 936, and 938 S 1st Street—an exceptional opportunity to invest in multiple income-producing properties in one of Louisville's most iconic neighborhoods. Rent roll and current-year P&L are available upon request. Please allow 48 hours' notice for showings. Schedule your tour today and step into a turnkey investment opportunity you won't want to miss!
Location
State KY
County Jefferson
Direction Between Kentucky and Breckenridge on 1st Street.
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Exterior
Exterior Feature None
View Y/N No
Roof Type Asphalt
Garage No
Building
Lot Description Sidewalk
Sewer Public Sewer
Water Public
Architectural Style Traditional
Structure Type Brick
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Listed by Housing Associates