$697,500
Louisville, KY 40203
MLS# 1706166
5788 sqft
1 / 8
Property Description
This fully renovated 10-unit multifamily asset is located in the heart of historic Old Louisville, a proven and stable rental submarket. The property benefits from its proximity to major institutional demand drivers, including Spalding University immediately to the north and the University of Louisville just a few blocks to the south. The property consists of 10 efficiency units and has recently undergone a comprehensive renovation program. Capital improvements included selective demolition to enhance unit layouts, fresh exterior paint, new gutters and downspouts, and new energy-efficient windows. Interior upgrades feature updated electrical systems, substantial plumbing improvements, new window air conditioning units, and ventless gas heating systems that adequately service each unit.
Details
Maps
General Listing Information
Office Exclusive?: No
HOA Y/N: No
HOA Annual $: 0
Status: Active
Listing Date: 2026-01-04
Listing Price: 697500
Property Sub Type: Apartment
Status Change Info
Status: Active
Contract Info
Disclosure: No
Original List Price: 697500
Location
Sub Area: A
Deed Bk: 0
Parcel ID: 08029H00700000
Pg #: 0
Block: 0
Lot: 0
Directions: 3rd St.
Street #: 1018
St Dir: S
Street: 3rd
St Suffix: St
Area: 00-Central Downtown District/Old Louisville
County: Jefferson
State/Province: KY
Zip Code: 40203
Subdivision/Condo: NONE
Geo Lat: 38.238057
Geo Lon: -85.75861
Property Description
SqFt -Total Finished: 5788
Above Grade Finished: 5788
Below Grade Finished: 0
Nonconform SqFt Fin: 0
Above Grade Unfin: 0
Below Grade Unfin: 2118
Sqft - Total Unfin: 2118
SqFt - Source: Other
First Floor Laundry: No
Garage Y/N: No
Basement Y/N: No
Total Units: 10
Lot Size Dimensions: 0
Security Deposit: 0
Age: 0
# Parking Spaces: 0
Covered Parking: No
Term/Lease: 0
R Factor Ceiling: No
R Factor Wall: No
# of Furnaces: 0
# of Water Heaters: 0
Separate Meters: No
Sold As-Is: No
M Struct Flood Plain: No
Year Built: 1880
Architectural Style
Open Plan: 1
Utilities
Electricity Connected: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Construction
Stone: 1
Roof
Other: 1
Heating
Other: 1
Cooling
Wall/Window Unit(s): 1
Exterior
None: 1
None
Current Price: $697,500
Property Features
Architectural Style: Open Plan
Construction: Stone
Roof: Other
Exterior: None
Utilities: Electricity Connected
Water Source: Public
Sewer: Public Sewer
Heating: Other
Cooling: Wall/Window Unit(s)
Supplements
Each unit was fully renovated with new flooring, modern kitchens with granite countertops, updated cabinetry, new appliances, refreshed bathrooms, new paint, and upgraded trim, resulting in a cohesive, contemporary finish package that supports strong tenant demand.
This offering provides investors with the opportunity to acquire a 100% occupied, turnkey multifamily asset with recent capital investment completed, minimizing near-term maintenance needs. Positioned within a mature, institutionally supported submarket, the property offers stable cash flow with long-term upside driven by continued rental demand in Old Louisville
Listing Office: Colliers
Last Updated: March - 17 - 2026
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