New Listing

1415 S 3rd St, Louisville, KY, 40208

$1,081,415

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7,459

Square feet

Time on site: 30 Days

About 1415 S 3rd St

Great NOI! Located in Old Louisville, with easy access to UofL, Downtown, and I65, this 10 unit multifamily asset is an ideal investment for those looking to create an apartment portfolio, or add to an existing one. The property includes eight units in the main building plus two units and a garage in the carriage house, with a mix of 2BR/2BA, 1BR/1BA, and studio units. Laundry is available. The owners have made significant upgrades, including electrical and plumbing, yet the building still exudes Old Louisville charm with beautiful and ornate original details, making it an appealing option for tenants. Occupancy is high, and there is opportunity to push rents to meet the market. Tenants pay a pro rata share of utilities - additional revenue not reflected in the rent rol

Facts & Features

MLS® # 1692327
Price $1,081,415
Square Footage 7,459
Year Built 1900
Type Multi Family
Sub-Type Apartment
Status Active

Community Information

Address 1415 S 3rd St
Area 01-Dtwn Old Louisville/Shively/West Lou
Subdivision NONE
City Louisville
County Jefferson
State KY
Zip Code 40208
Directions S on 3rd

Amenities

Utilities Electricity Connected
# of Garages 1
Is Waterfront No

Interior

Heating Forced Air
Fireplace No

Exterior

Exterior Features None
Roof Shingle
Construction Brick

Additional Information

RE / Bank Owned No

Listing Details

OfficePRG Commercial Property Advisors

Detailed Map of 1415 S 3rd St, Louisville, KY

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Local Housing Market Trends

Median Sale Price

$90,000 -20.3%

# Homes Sold

335 -8.2%

Days on Market

30+15.3%