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Michelle Black

movewithmichelleblack@gmail.com +1(502) 314-7105

$1,599,999

Est. payment - /mo

22 Beds

11 Baths

8,464 SqFt

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Key Details

Property Type Multi-Family

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 8,464 sqft

Price per Sqft $189

Subdivision Cherokee Triangle

MLS Listing ID 1714653

Style Traditional

Bedrooms 22

HOA Y/N No

Abv Grd Liv Area 6,096

Year Built 1969

Property Sub-Type Apartment

Source APEX MLS (Greater Louisville Association of REALTORS®)

Land Area 6096

Property Description

Welcome to 2189 Baringer Ave an exceptional 11 unit trophy multifamily asset located in the heart of Cherokee Triangle / The Highlands, one of Louisville's most sought-after and walkable neighborhoods. This legacy property presents a rare opportunity to acquire a premier asset in a location known for its historic charm, vibrant dining scene, and proximity to parks and local amenities. The property consists of eleven spacious 2-bedroom, 1-bath units, appealing to a broad and stable tenant base. Four units have been recently renovated, featuring granite countertops, new cabinetry, stainless steel appliances, LVP flooring, and updated tile bathrooms offering immediate upside and a clear path for continued value-add improvements. Current rents total $10,567/month with one unit vacant, providing both in-place cash flow and the opportunity to further increase revenue through lease-up, rental growth, utility bill-back implementation, and additional renovations. The property has consistently demonstrated strong tenant demand, low turnover, and ease of leasing. Additional highlights include off-street rear parking, dedicated storage for each unit, and on-site coin-operated laundry enhancing tenant convenience and long-term retention. Opportunities to acquire an asset of this scale and quality in Cherokee Triangle are exceedingly rare, making this a standout addition to any investor's portfolio. See attached virtual tour, rent roll and floor plan for unit layouts.

Location

State KY

County Jefferson

Direction I64 to Exit 8 for Grinstead Dr, Left on Grinstead Dr, Left onto Cherokee Pkwy, Left onto Willow Ave, Left onto Cherokee Rd, Right onto Baringer Ave, Building will be on your Right

Interior

Heating Natural Gas, Other

Cooling Central Air

Exterior

Exterior Feature None

View Y/N No

Roof Type Shingle

Garage No

Building

Lot Description Sidewalk

Sewer Public Sewer

Water Public

Architectural Style Traditional

Structure Type Brick

Others

Virtual Tour https://www.zillow.com/view-imx/abac5893-6e0e-48d7-a583-0ae7dd7c309b?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

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Greater Louisville MLS (Metro Search Inc)

Listed by Nest Realty

Nearby School & Business

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Michelle Black

+1(502) 314-7105

Agent | License ID: 261999

Agent License ID: 261999

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2189 Baringer Ave Louisville, KY 40204

Michelle Black

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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