Description of 312 Ormsby Ave, Louisville, KY 40203
Listing details for 312 Ormsby Ave, Louisville, KY 40203 : Rare new construction quadplex opportunity with built-in upside. This to-be-built property will feature four well-designed units, each offering 2 bedrooms, 1 bathroom, and approximately 796 square feet of efficient living space—ideal for maximizing rental income and tenant appeal. Each unit will be thoughtfully laid out to provide comfortable living, low maintenance, and strong long-term performance. With new construction, investors can benefit from reduced capital expenditures and modern systems from day one. An additional value-add opportunity may exist with the potential for an accessory dwelling unit (ADU) at the rear of the property. Plans are currently in the approval process for a proposed 3-bedroom, 1.5-bath residence; however, construction of the ADU is subject to final approv by the appropriate governing authorities. Pro forma projections indicate a 7% cap rate, making this an attractive option for investors seeking both stability and future growth.
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Listing Updated : 04-24-2026 at 6:38 AM EDT
Property Details
Overview
Status
Active
MLS #ID
1715037
Price
$637,143
Bedrooms
8
Bathrooms
4
Square Footage
3,184
Acres
0.22
Year
2026
Days on Site
13
Property Type
Residential Income
Property Sub Type
Quadruplex
Price per Sq Ft
$200
Date Listed
Apr 20, 2026
Community Information for 312 Ormsby Ave, Louisville, KY 40203