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$ 645,000
Est. payment | /mo
10 Beds
1 Bath
4,786 SqFt
$ 645,000
Est. payment | /mo
10 Beds
1 Bath
4,786 SqFt
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4,786 sqft
Price per Sqft $134
Subdivision Old Louisville
MLS Listing ID 1721583
Style Traditional
Bedrooms 10
HOA Y/N No
Abv Grd Liv Area 4,786
Year Built 1919
Property Sub-Type Apartment
Source APEX MLS (Greater Louisville Association of REALTORS®)
Land Area 4786
Property Description
Located along Louisville's prestigious Millionaire's Row in the heart of Historic Old Louisville, this exceptional five-unit apartment building offers a rare opportunity to acquire a beautifully maintained, income-producing asset in one of the city's most desirable rental markets. Thoughtfully improved over many years of ownership, the property combines the timeless character of Historic Old Louisville with the modern updates today's tenants expect. Residents enjoy an exceptional location just minutes from the University of Louisville, Downtown Louisville, the Medical District, Norton Hospital, Churchill Downs, restaurants, coffee shops, parks, and entertainment. Ownership has completed extensive capital improvements, including a newer roof, exterior painting and trim, rebuilt deck, upgraded LED exterior lighting, improved common areas, electrical and plumbing upgrades, and numerous additional building system improvements. Apartment interiors have been extensively renovated with updated kitchens featuring modern cabinetry, countertops, and stainless steel appliances, renovated bathrooms, replacement windows, new furnaces and central air systems, updated flooring, fresh interior finishes, and contemporary lighting throughout. Additional improvements include insulated garage door replacement, added laundry hookups, and continued investment in the property's long-term maintenance and functionality. Whether expanding an investment portfolio or acquiring a signature property in one of Louisville's premier historic neighborhoods, 1475 S. 3rd Street offers an exceptional combination of historic character, extensive renovations, strong tenant demand, and long-term investment appeal. Investment Highlights: • Historic five-unit apartment building on prestigious Millionaire's Row • Prime location in Historic Old Louisville • Minutes from the University of Louisville, Downtown Louisville, hospitals, and major employers • Extensive capital improvements completed throughout ownership • Renovated apartment interiors with modern finishes • Electrical, plumbing, HVAC, and building system upgrades • Strong rental demand driven by proximity to UofL, the Medical District, and Downtown Louisville • Turnkey investment in one of Louisville's most sought-after historic neighborhoods
Location
State KY
County Jefferson
Direction Highway to 3rd St South. Property is on the Eastside prior to Hillside St.
Exterior
Exterior Feature None
View Y/N No
Roof Type Shingle
Garage No
Building
Sewer Public Sewer
Water Public
Architectural Style Traditional
Structure Type Brick,Stone
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Listed by BERKSHIRE HATHAWAY HomeServices, Parks & Weisberg Realtors