1446 Hickory St Louisville, KY 40217

Listing details for 1446 Hickory St, Louisville, KY 40217 : An established short-term rental with growing revenue, substantial improvements, and possibilities beyond hospitality. This furnished 2-bedroom, 1.5-bath property delivers versatility in a compact package, combining a strong neighborhood location, good street visibility, and C-1 commercial zoning. The seller reports more than $80,000 in improvements since purchase, and owner-owned rooftop solar panels convey with the sale, helping reduce utility costs. The income is equally compelling: reported gross revenue exceeded $51,000 through October 2026, already surpassing $42,750 for all of 2025, with two months remaining. Furniture is included, and the estimated self-managed pro forma cap rate approaches 10%, including cleaning expenses.* Continue the existing hospitality operation without starting from an empty property, with additional cash-flow potential for an owner who handles cleaning personally. C-1 zoning adds another dimension to the opportunity. Excellent for a salon, professional office, photography studio, gallery, or select retail use. The two bedrooms could serve as private offices, offering a practical starting point for a future business layout. Keep the property working as an STR today or pursue a different direction as your plans evolve. One off-street parking space is included. The adjacent side courtyard belongs to the neighboring property and is not included in the sale. An income-producing property with furnishings in place, solar savings, and commercial flexibility. Estimated 9.58% self-managed pro forma cap rate is based on annualized January-October 2026 operating results and estimated property taxes, property insurance, and utilities. Includes paid cleaning expenses; excludes third-party management fees.