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1509 S 3rd St, Louisville, KY 40208

$550,000 (Active)
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1509 S 3rd St, Louisville, KY 40208

$$550,000
Active
est.$550,000/month.
Start My Approval
7 beds. baths. 6,460 Sqft.

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1509 S 3rd St, Louisville, KY 40208

$550,000
Active
est.$550,000/month.
Start My Approval
7 beds baths 6,460 Sq.ft.
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Property details for 1509 S 3rd St, Louisville, KY 40208
Discover a rare multifamily investment opportunity in the heart of Old Louisville on the prestigious ''Millionaire's Row,'' just steps from the University of Louisville campus. This grand Victorian-era quadplex blends historic charm with solid rental income potential. A welcoming covered porch and ornate entry hall lead into four spacious units, two of which have been recently renovated. One unit stands out with 4 bedrooms and 2 bathrooms, making it ideal for an owner-occupant seeking to offset living costs or for attracting premium rent. Tenants are responsible for all utilities, including water, helping to streamline operating expenses. A fenced rear yard offers privacy, while a 3-car garage accessible via the alley provides additional income potential or valuable off-street parking. The building is equipped with two furnaces and one shared water heater, with laundry facilities conveniently located in the basement for all residents. With easy-to-rent units and significant upside in the remaining two units that are either MTM or coming up for lease soon, this property presents an excellent opportunity for investors or owner-occupants alike to secure a piece of one of Louisville's most iconic neighborhoods.
Property Description

MLS Information

  • Listing: 1685255
  • Listing Last Modified: 2025-05-01

Property Details

  • Standard Status: Active
  • Property style: Traditional
  • Built in: 1906
  • Subdivision: OLD LOUISVILLE
  • Lot size area: 6460 Square Feet

Geographic Data

  • County: Jefferson
  • MLS Area: OLD LOUISVILLE
  • Directions: I-65 to St Catherine to S 3rd Street, Property is on your left
Features

Interior Features

  • Bedrooms: 7
  • Living area: 4386

Exterior Features

  • Roof type: Shingle

Parking

  • Garage spaces: 3

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Heating: None, Forced Air, Natural Gas
Property Information

Tax Information

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    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

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