Rare investment opportunity in the heart of the Old Louisville Historic District, directly across from the iconic Olmsted's Central Park. This charming 4-plex on Park Avenue offers a blend of historic elegance and modern convenience, making it an ideal choice for both future owner-occupants and savvy investors. Unit 1: Situated on the main floor, this spacious unit boasts 1,714 sqft of living space, featuring beautiful glass front door with transom window, hardwood floors in foyer, a cozy living room with decorative fireplace mantle and French doors leading to the front porch, and a spacious formal dining room (can easily fit a table of 6 or more) with bay window alcove. Two bedrooms, one very large with two closets, and a full bath. Kitchen with ample cabinetry, large pantry/ closet, gas range, oven, refrigerator, and dishwasher. This unit has a door off the foyer with direct access to the basement and main building foyer, and the kitchen has a door to the back exterior. Currently rented for $1,000/month to a loyal 12-year tenant. Unit 2: Located on the second floor, this fully renovated unit offers 1,003 sqft of modern living space, including a brand-new kitchen and bathroom. Beautiful hardwood flooring throughout most of this unit, a living room with ornate fireplace with marble tile surround and mantle, plus stunning park views through the front windows. Spacious bedroom with two closets and a bay window. Dining nook space in the hallway with bay window leads to the updated bathroom with tiled walk-in shower. Updated kitchen is at the rear of the unit and features white cabinetry, vinyl plank flooring, stainless steel appliances including dishwasher, range, built-in microwave and double door refrigerator. Back door off the kitchen leads out to the back deck. Currently rented for $1,295/month to a 2-year tenant. Unit 3: This charming 772 sqft studio unit has a carpeted living space with one bath, kitchen at the rear with a range and refrigerator, and a staircase in the living space that leads up to the loft space. Currently rented to a long-term 20-year tenant for $650/month. Unit 4: Offering 792 sqft of comfortable living space, this unit includes one bedroom and one bathroom. There is a large entryway/foyer that opens into the bathroom, kitchen, living area and bedroom. The spacious eat-in kitchen features laminate flooring, oak cabinetry, bay window nook for table, and a range and refrigerator. The carpeted living room has a brick accent wall and front windows overlooking Central Park. Currently rented for $750/month to a 4-year tenant. The property also includes an unfinished basement with coin laundry facilities, a fully fenced yard with recent new fence, and off-street parking for four vehicles. The roof and gutters were replaced approximately eight years ago, ensuring peace of mind for future owners. Each unit is separately metered for gas and electric, with independent HVAC systems and water heaters for each one. This property presents a perfect opportunity to enjoy the vibrant community of Old Louisville while generating rental income, or for an investor looking to expand their portfolio with a well-maintained, income-producing asset. Don't miss out on this exceptional offering in a prime location!
This great Old Louisville Duplex/Triplex nestled on one of the neighborhoods sought after brick, tree-lined walking courts with beautiful wrought iron gates at both ends. There is a lovely water feature on the court as well. This solid brick home was converted into 3 apartments back in the 1970's and has a delightful full covered front porch. There is an 868 Sq. Ft. 2-bedroom unit on the main level with front and rear entrances that's currently rented for $950 per month with an expiration of 10/31/25. The 2nd & 3rd floor has 1266 Sq. Ft. & offers a 3 bedroom, a half bath and a full bath, a large kitchen, dining area and living room (currently used as an additional bedroom). This unit is also rented for $950 per month with an expiration of 4/30/25. The basement unit, with 868 Sq. Ft. was gutted several years ago and has not been refinished. It is studded out for a 1 BR, 1 Bath unit. There is a one car garage with access off 7th St. and plenty of off-street parking along 7th St. as well. The rear staircase to the 2nd floor was rebuilt recently. There is a privacy fenced courtyard in the rear. This is the only multi-family building on the Terrace, all the others are single family homes. It is a great location just 1 block away from Olmsted's Central Park where you will find tennis courts, a playground, splash pad and an outdoor amphitheater. Close to downtown, major interstates and the airport.
Excellent investment opportunity - current total rent for all units: $2675! This unique property consists of a duplex and a single family home on the same parcel, deeded together. The duplex has 4 bedrooms and 2 bathrooms (2 bedroom, 1 bath on each level). The single family home is a 1 bedroom, 1 bathroom cottage with laundry inside the unit as well as a basement for storage. Apt 1 (first floor of duplex) is approximately 1000 square feet with 2 bedrooms and 1 bathroom with basement access for laundry. The bathroom was recently remodeled and has a newer water heater and furnace. Apartment 2 (second floor) is a 2 bedroom, 1 bath home with approximately 1000 square feet of living space with a new refrigerator, fresh paint, newer carpet and kitchen flooring. See documents section for a list of updates and details. All units are currently tenant occupied - please do not go to the homes without an approved appointment.
Excellent opportunity for either an investor looking to add to their portfolio or an owner occupant looking to house hack and live in one of the units and rent the others! This tri-plex is situated on a double lot with 2 separate buildings, one duplex and one separate unit. Both buildings have been updated in the past and offer a modern feel. Schedule a a showing today!
Do not use showing time, please contact agent directly. Property is less than .5 miles from three student housing apartments and a mile from University of Louisville's campus. Property is currently built out as 5 apartments. One is on the first floor, and the remaining four are on the second floor. There is 1,874 square feet of unfinished space on the first floor that has been framed out as boarding rooms. EZ-1 zoning offers ultimate flexibility on site. There is ample parking that would allow a buyer to finish the boarding rooms, build out more apartment units, or lease the first floor to a business. Please follow this link to fill out the confidentiality agreement. Once completed, you will be sent financials and the floor plan. https://docs.google.com/forms/d/e/1FAIpQLScmAUzRhl99cLB5gnPxaYEaYgcsC0ZV3qWrMZ_LwUw0FXQlMA/viewform
We will be showing the property Friday May 26 at 11:00 am. This property is located in ''Old Louisville!!!'' The location is just perfect. One block from the University of Louisville and Cardinal Towne. A short distance from Churchill Downs, I-65, and the airport. Some of the units have been updated and some are in the process of renovation. Owner is selling the property ''as is'' but inspections are welcome. All appliances remain with units. Perfect units for University of Louisville students. This is a solid investment to add to your real estate portfolio. 6-one bedroom units. 1-two bedroom unit. 2 efficiencies.
The median home value in Louisville, KY is $229,700. This is higher than the county median home value of $227,100. The national median home value is $338,100. The average price of homes sold in Louisville, KY is $229,700. Approximately 54.42% of Louisville homes are owned, compared to 35.94% rented, while 9.65% are vacant. Louisville real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Louisville real estate agent to arrange a tour today!
Louisville, Kentucky 40208 has a population of 630,260. Louisville 40208 is less family-centric than the surrounding county with 22.76% of the households containing married families with children. The county average for households married with children is 26.68%.
The median household income in Louisville, Kentucky 40208 is $58,357. The median household income for the surrounding county is $61,633 compared to the national median of $69,021. The median age of people living in Louisville 40208 is 37.6 years.
The average high temperature in July is 87.6 degrees, with an average low temperature in January of 25.5 degrees. The average rainfall is approximately 46.2 inches per year, with 8.7 inches of snow per year.