New Listing

724 S 38th St, Louisville, KY, 40211

$215,000

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8

Beds

4

Baths

2,464

Square feet

0.15

Acres

Time on site: 8 Days

About 724 S 38th St

Currently generating $2,500/month ($1,400 + $1,100), this brick duplex rental property in Louisville easily beats the 1% rule. Both units are well-sized, fully occupied, and in demand, offering immediate cash flow and long-term equity growth. The all-brick construction ensures easy maintenance and strong tenant appeal. Backed by Louisville's appreciation metrics—7.14% YTD increase in average sale price and nearly 20% annual growth in median sales price—this property is a strong performer in one of the nation's most resilient housing markets.

Facts & Features

MLS® # 1699736
Price $215,000
Bedrooms 8
Bathrooms 4.00
Square Footage 2,464
Acres 0.15
Year Built 1925
Type Multi Family
Sub-Type Duplex
Status Active

Community Information

Address 724 S 38th St
Area 01-Dtwn Old Louisville/Shively/West Lou
Subdivision NONE
City Louisville
County Jefferson
State KY
Zip Code 40211
Directions I-264 to exit 2 toward Muhammad Ali Blvd onto W Muhammad Ali Blvd. Turn left onto S 34th St. Turn right onto W Broadway. Turn left onto S 38th St.

Amenities

Utilities Electricity Connected, Fuel:Natural
Is Waterfront No

Interior

Heating Natural Gas
Fireplace No

Exterior

Exterior Features None
Lot Description Sidewalk
Roof Shingle
Construction Brick

Additional Information

RE / Bank Owned No

Listing Details

OfficeReal Broker, LLC

Detailed Map of 724 S 38th 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%