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339 N 42nd St, Louisville, KY 40212

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Listed by: WSG Homes - Real Broker, LLC

339 N 42nd St, Louisville, KY 40212

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est.$270,000/month.
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beds. baths. 13,939 Sqft.

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339 N 42nd St, Louisville, KY 40212

$270,000
Active
est.$270,000/month.
Start My Approval
beds baths 13,939 Sq.ft.
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Property details for 339 N 42nd St, Louisville, KY 40212
Incredible opportunity to own three income-producing rental homes on a single parcel in one of Louisville's fastest-growing zip codes, which has appreciated by 47.8% since July 2021. This unique investment includes two 3-bedroom homes and one 2-bedroom home, all with basements, offering ample space and functionality for long-term tenants. With current rents totalling $2094 with a newly vacated unit (was paying $975/month), this bundle will EASILY beat the 1% rule when fully occupied (Pro forma rents total over $3400/month according to LMHA estimates). This property is ideal for buy-and-hold investors, house hackers, or 1031 exchange buyers seeking turnkey rental income with strong appreciation potential. With limited inventory and rapidly rising property values across Louisville, this multi-unit setup is a rare chance to secure a high-yield, appreciating asset in a thriving market.
Property Description

MLS Information

  • Listing: 1696938
  • Listing Last Modified: 2025-12-17

Property Details

  • Standard Status: Active
  • MLS Status: Active
  • Property style: Ranch
  • Built in: 1937
  • Subdivision: NONE
  • Lot size area: 13939 Square Feet

Geographic Data

  • County: Jefferson
  • MLS Area: NONE
  • Directions: I-64 to N 38th St. Take exit 1 from I-264 E Take Northwestern Pkwy to N 42nd St
Features

Interior Features

  • Living area: 2166

Exterior Features

  • Roof type: Shingle

Parking

    Utilities

    • Sewer: Public Sewer
    • Water: Public
    • Heating: None, Forced Air
    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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      Home Description

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