414 M St Louisville, KY 40208

Listing details for 414 M St, Louisville, KY 40208 : REAL ESTATE AUCTION - C2 zoned Duplex | Student | STR/Airbnb Play - Near UofL and Churchill Downs. Online bidding at: InvestThroughAuction.com | Opens: April 2 at 9:00 AM | Closes: April 9 at 4:00 PM ET Great Auction Opportunity! Sells to the highest bidder at or above $119,000. Located at 414 M Street, this approximately 1,998-square-foot residential duplex on a 0.05-acre lot offers strong income-producing potential near the fast-growing University of Louisville and Churchill Downs corridor. The property provides two units: the 2nd fl 1-bed, 1-bath unit is currently occupied at $750/month, while the 1st fl 2-bed, 1-bath unit is vacant and was previously rented for $900/mo, with total market rent potential estimated at $2,000+/mo, far exceeding the 1 percent rule. The first-floor unit has been updated with fresh paint, newer flooring, and a remodeled bath, making it attractive for immediate lease-up or an owner-occupant house-hack strategy. Zoned C-2, this property sits in a commercial district that can accommodate a mix of residential and commercial uses, positioning it for flexible strategies including long-term rentals, student housing, and short-term rentals (Airbnb). In Louisville's commercial zones, such as C-2, non-owner-occupied short-term rentals are permitted without a conditional use permit (CUP), making this duplex an appealing candidate for buyers exploring Airbnb-type use. The surrounding south Louisville area offers convenient access to UofL's Belknap Campus, Cardinal Stadium, Churchill Downs, and major amenities, with strong ongoing demand from students, university-affiliated renters, and service workers. Proximity to restaurants, retail, and employment centers enhances the property's rentability and long-term hold appeal. The property is being sold at real estate auction with online bidding at InvestThroughAuction.com, opening April 2 at 9:00 AM and beginning to close April 9 at 4:00 PM Eastern Time, with a 10 percent buyer's premium added to the high bid. Buyers should review all auction terms and due diligence materials and are encouraged to inspect the property prior to bidding. Buyer to verify all details. REAL ESTATE AUCTION - Duplex / Student / STR Play - Near UofL Online bidding at: InvestThroughAuction.com | Opens: April 2 at 9:00 AM | Closes: April 9 at 4:00 PM ET