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
Details
| MLS # | 1721583 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1919 |
| Days On Site | 66 |
| Listing Provided By | BERKSHIRE HATHAWAY HomeServices, Parks & Weisberg Realtors | Michael Kearns |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 1 |
| SQ Feet | 4,786 |
| Basement | Y |
| Units | 5 |
| Acreage | 0.00 |
Area Information
| State | KY |
|---|---|
| County | Jefferson |
| City | Louisville |
| Zip Code | 40208 |
| Area | 01 Dtwn Old Louisville | Shively | West Lou |
| Community Name | OLD LOUISVILLE |
| Listing VS Median (in OLD LOUISVILLE) | |
Price: $599,000 low | high Med: $391,500 sqft: 4,786 low | high Med: 3,576 $ / sqft: $125 low | high Med: $110 On site: 66 low | high Med: 24 | |
Market Activity 40208
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Learn More About This Property
| State | KY |
|---|---|
| County | Jefferson |
| City | Louisville |
| Zip Code | 40208 |
| Area | 01 Dtwn Old Louisville | Shively | West Lou |
| Community Name | OLD LOUISVILLE |
| Listing VS Median (in OLD LOUISVILLE) | |
Price: $599,000 low | high Med: $391,500 sqft: 4,786 low | high Med: 3,576 $ / sqft: $125 low | high Med: $110 On site: 66 low | high Med: 24 | |
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