Courtesy: Caperton Realty
TURNKEY INVESTMENT OPPORTUNITY IN THE HEART OF THE HIGHLANDS! Beautifully remodeled duplex offering 2,252 square feet of updated living space in one of Louisville's most desirable neighborhoods! Priced at $469,900, this income-producing property generates $3,100 in monthly rental income ($37,200 annually), with reported annual operating expenses of just $6,350. That's an estimated Net Operating Income (NOI) of $30,850 and an attractive 6.57% CAP RATE! Extensively renovated and move-in ready, this duplex offers two separate residential units, making it an excellent opportunity for investors seeking immediate rental income or owner-occupants looking to live in one unit while generating income from the other. Located in the vibrant Highlands neighborhood, residents enjoy convenient access to popular restaurants, boutiques, coffee shops, nightlife, parks, and entertainment. Just minutes from downtown Louisville and UofL! PRIME LOCATION + EXTENSIVE RENOVATIONS + ESTABLISHED RENTAL INCOME! A fantastic opportunity to own an income-producing property in the Highlands. See attached improvements for extensive remodel performed on this property. Schedule your private showing today!
Courtesy: Re/max Premier Properties
**Opportunity awaits with this triplex offering plenty of potential for the right investor!** The property features three 1-bedroom units, each separately metered. Two units are located on the first floor and are currently vacant, while the third unit is upstairs and tenant-occupied. Please note that electricity and water are currently turned off in the two first-floor units. Additional features include washer and dryer hookups in the basement. The property is in need of repairs, updates, and some investor TLC, making it a great opportunity for those looking to renovate and add value to their investment portfolio. Bring your vision and unlock the potential this property has to offer!
Courtesy: Red Edge Realty
INCREDIBLE INVESTMENT OPPORTUNITY! Extensively renovated duplex offering 7 bedrooms, 3 full bathrooms, strong rental income, and excellent potential for additional revenue! The right unit features 4 bedrooms, 2 fully renovated bathrooms (one with a shower and another with a tub/shower combination), a kitchen, foyer, combined living/dining area, and convenient first-floor laundry with washer and dryer included. The left unit features an upstairs layout with 3 bedrooms, a full bathroom, kitchen, and living/dining combination. Extensive improvements include completely remodeled kitchens in both units with new cabinetry, countertops, and sinks. The right unit also features a new stove/oven and refrigerator. Additional upgrades include luxury vinyl plank flooring, carpeting, light fixtures, ceiling fans, blinds, interior doors, and fresh paint. Exterior improvements include new vinyl siding, window wrap, exterior paint, exterior doors, and replacement windows throughout, except for one front bedroom window in the right unit. A new roof, two water heaters, and two furnaces were installed in 2022, with two furnaces replaced again in 2025. Additional flooring and bathroom updates are currently being completed in the left unit. All appliances remain! EXCELLENT INCOME POTENTIAL! The seller currently receives $3,000 per month from five tenants, with two additional bedrooms available that could potentially generate another $1,200 per month, bringing projected gross rental income to $4,200 monthly or $50,400 annually, subject to occupancy and applicable approvals. Current tenants are on 6 month leases (5 current tenants paying 150 each week) and have been consistent occupants throughout the seller's ownership. Operating expenses are relatively low, with approximately $200/month for water, $500/month for electricity, and $63/month for internet. Both units are separately metered. At its current price point, with extensive renovations completed, this property offers excellent return-on-investment potential for experienced and first-time investors alike! The property is well-suited for use as a traditional duplex with two separate lease agreements, providing an attractive opportunity for investors seeking long-term rental income. Call listing agent for additional details. SHOWING INSTRUCTIONS: Showings available Monday-Saturday, 12:00 PM-4:00 PM. Please call the listing agent prior to scheduling an appointment.
Courtesy: Homepage Realty
Opportunity awaits at 4608 S 3rd St, a spacious duplex offering two 2-bedroom units, approximately 2,923 finished square feet including the partially finished basement, and current reported rents totaling $2,350 per month. The first-floor unit rents for $1,400 per month and offers 2 bedrooms and 1.5 baths. Hardwood flooring is found in the living room, dining room and bedroom, with tile flooring in the kitchen, full bath and second bedroom, plus a carpeted family room. Additional features include a decorative fireplace, built-ins and a window seat with storage. The unit also has access to the covered front porch and rear covered deck. The basement provides a partially finished recreation room, half bath and additional storage and utility space. The first-floor unit is served by a gas furnace and gas water heater. 2nd floor: 2 bed 1 bath unit is vacant. Laundry in unit. Historically this Tenant pays 33% of the water bill. Lease is uploaded to the listing docs. 2nd unit offers 2 bedrooms and 1 full bath. Features include hardwood flooring in the entry, tile in the kitchen and bathroom, carpeted bedrooms and living room, in-unit laundry and mini-split heating and cooling. Parking is a standout feature of this property. A long driveway from S 3rd Street extends to the rear parking area and 4-car covered carport, with additional alley access. The landscaping is meticulously maintained for extra appeal. A separate landlord/storage room is accessible beneath the rear deck. Current rent totals $1400 per month, and the upper unit can be used how you see fit. With two established rental units, lower unit income already in place, flexible living spaces and a parking setup that is difficult to duplicate in the area, 4608 S 3rd St offers an opportunity for seasoned investors and buyers looking to begin building a rental portfolio.
Courtesy: Real Broker, Llc
A brick fourplex under $300,000 with rental numbers that deserve a serious look in Louisville, KY. Offered at $299,000, 3216 Fordhaven Road in Louisville brings in $3,395 in scheduled monthly rent, or $40,740 annually, with all four units occupied per the latest rent roll. That puts monthly gross rent above 1.1% of the asking price—a compelling starting point for buyers searching for an income-producing property where the numbers work without relying on future rent increases (although that upside does still exist!). At just $74,750 per unit, this fourplex offers four rental incomes under one roof and an accessible price for expanding a portfolio or purchasing your first multifamily investment. In a market where finding the right balance of purchase price and rental income takes work, Fordhaven stands out with existing tenants, strong gross income relative to price, and brick construction. Contact the listing agent for the rent roll, operating details, and showing information.
Courtesy: Exp Realty Llc
Incredible opportunity near the University of Louisville! This move-in ready duplex features two spacious units: one is a 2 bed / 1.5 bath (vacant at closing) and the other is a 2 bed / 1 bath (vacant at closing). The property offers a large open-concept living and kitchen area, making it ideal for both investors and owner-occupants. Centrally located just minutes from UofL, downtown, parks, and public transit, this is a rare chance to own a versatile and well-maintained property in one of Louisville's most convenient locations!
Courtesy: Real Broker, Llc
Louisville multifamily opportunity with immediate upside! This brick 4 plex is priced at $295,000 and currently 75% occupied, with three tenants in place generating $2,232/month in gross rental income and one vacant unit ready to lease. The existing units currently rent for $717, $795 and $720/month, giving the next owner an opportunity to increase total income by leasing the vacant unit at current market rent. Featuring desirable 2 bedroom/1 bath layouts and diversified income across four units, this is the type of straightforward multifamily property investors can buy, improve and hold for the long term. Whether you're looking to expand an existing portfolio, complete a 1031 exchange or acquire your first multifamily property, don't miss this income-producing asset with built-in upside.
Courtesy: Kentucky Select Properties
502-271-5000
Looking for an investment? Want to house hack and have a tenant pay a chunk of your mortgage? Check out 728 East Chestnut, a beautifully renovated two-story brick duplex in the Phoenix Hill neighborhood. It is 2200SF with two fully furnished units, each featuring a private interior front entrance accessed through a foyer featuring a gorgeous original wooden staircase. Zoned OR-2 and residing on a generous urban lot (over .11 acres) with alley access, off-street parking, and a large rear yard/lot, this listing also offers development and expansion possibilities. Each 1100SF unit has a rear deck/patio with private access to the spacious back yard, a bright and airy living room, a large fully equipped eat-in kitchen, two bedrooms, a full bath, and a laundry. This classic Louisville building has been very well maintained and run as a successful executive rental for years. It is a turn-key opportunity — perfect as an owner-occupied Airbnb for tourists and travelers, or a duplex for longer-term furnished rentals for traveling medical workers, other professionals, and people relocating to Louisville and needing a flexible space while they find their home. Located smack dab in the center of all the places to be, this home is blocks from the Medical Center, NuLu, the Convention Center, Slugger Field, our gorgeous waterfront, and Paristown Point, and just a stone's throw from the Lower Highlands. Getting around town via car is a breeze, with quick access to major surface roads, the interstate, and the airport.
Courtesy: PML Real Estate Group LLC
502-895-9136
Just listed is this 4 plex in the heart of Shively. Property consists of 2 - 2 bedroom 1 bathroom units; 1 - 1 bedroom 1 bathroom unit; and a basement unit that needs finished to be a 1 bedroom 1 bathroom unit. Vacant units available for showings. Good addition to any portfolio.
Courtesy: ZHomes Real Estate
502-641-6623
Attention Investors & First-Time Homebuyers! Fantastic opportunity to own a fully occupied 4-plex with immediate income potential. Whether you're an investor looking to expand your portfolio or a first-time buyer looking for a place to call home while earning rental income from the other units, this property is a great option! All four units feature 2 bedrooms. Two units offer 1 full bathroom, while the other two feature 2 full bathrooms. Units #2 and #4 have been completely renovated with brand-new flooring, fresh paint, updated bathrooms, and numerous interior upgrades. All four units are currently tenant-occupied, providing stable rental income from day one. Live in one unit and let the others help offset your mortgage, or keep all four rented as an income-producing investment.
Courtesy: Real Estate Go To
502-236-9575
Income-producing duplex with tenants already in place and $3,100 in total monthly rental income. Both units were remodeled in 2024, offering a turnkey investment opportunity. Unit 1 features 3 bedrooms and 1.5 baths, while Unit 2 includes 2 bedrooms and 1 bath. Recent improvements include new joists, subflooring, padding, LVP flooring, and additional updates throughout. Both units have approximately two-year-old HVAC systems, separate electric meters, and individual stoves, refrigerators, washers, and dryers. With updated interiors, newer mechanicals, separate utilities, and established tenants, this duplex is ready to generate income from day one. A great addition to any investment portfolio. 48 hour notice required for all showings. Both units are occupied.
Courtesy: Homepage Realty
502-690-6685
Welcome to 602 Eastern Parkway! This fully occupied 4-plex features three large 1 bedroom, 1 bath units and one large 3 bedroom, 2 bath unit. Units 2-4 all have similar floor plans, while Unit 1 has a finished basement with 2 extra bedrooms and a bathroom. The exterior of the building has been updated with fresh landscaping and the deck was recently refreshed and stained.
Courtesy: Falls City REALTORS
502-435-6829
Cash-flowing, 12-Plex with strong in-place income and solid rental history. This well-maintained asset features desirable 2BR units with washer/dryer hookups, dishwashers, and durable LVP flooring throughout. Separately metered LG&E helps minimize owner expenses, while owner currently pays water, sewer, and trash. Tenant-friendly layouts and practical amenities support long-term occupancy and consistent rental demand. A stabilized multi-family asset offering immediate cash flow, operational efficiency, low-maintenance features, and upside potential for investors seeking to expand or strengthen their portfolio with a performing income-producing property.
Courtesy: Family Realty Llc
Welcome to one of the most distinctive properties on iconic St. James Court. Set along one of Louisville's most historic and sought-after streets, this striking multi-family building immediately stands out with its richly detailed facade — showcasing Venetian Gothic-inspired design elements that blend European and Middle Eastern influences, creating a look that feels truly one-of-a-kind. Originally constructed as a single-family residence in the late 1800s, the property has been thoughtfully converted over time into a six-unit building, offering four spacious units in the main house and two efficiency units above the carriage house. The layout provides strong income potential while still preserving the architectural character and charm that make Old Louisville so special. The carriage house includes a garage with two dedicated parking spaces, adding even more flexibility and value for tenants or future use. And notably, this is the only property on St. James Court with its own private driveway — a rare and highly desirable feature in this historic district. Each unit offers a blend of classic charm and livability, with well-maintained interiors that retain character while allowing room for future updates and value-add opportunities. Whether you're looking for a turnkey income-producing asset in a premier location, or envision restoring the property back to a grand single-family residence, the possibilities here are exceptional. All of this just minutes from Downtown Louisville and the University of Louisville, placing you in the heart of the city while surrounded by timeless architecture and tree-lined beauty. A rare opportunity to own a true piece of Louisville history — with flexibility, income potential, and undeniable presence.
Courtesy: Lenihan Sotheby's Int'l Realty
502-899-2129
Fantastic duplex opportunity on Atwood Street! This charming property features two separate 1-bedroom, 1-bath units, offering flexibility for investors, owner-occupants, or those looking for an income-producing property. Each unit provides a comfortable layout with its own living space, bedroom, and full bath. Located in a convenient and established area, this duplex is close to local restaurants, shopping, entertainment, and neighborhood amenities. Nords Bakery is just around the corner, making your next coffee and pastry run especially easy! With two units under one roof and a desirable location, 642 & 644 Atwood Street offers an excellent opportunity to build your rental portfolio or live in one side while generating income from the other. Don't miss your chance to make this versatile duplex your next investment!
Courtesy: G. Starks Realty Co.
502-961-9313
2529 West Main Street Newly Remodeled Duplex Great investment opportunity! Welcome to this newly remodeled duplex, featuring two spacious units, each offering 3 bedrooms and 1 full bathroom. Both units have been beautifully updated with fresh, modern finishes, creating comfortable and inviting living spaces. With 6 bedrooms and 2 full bathrooms total, this property offers excellent flexibility for an investor or owner-occupant. Live in one unit while generating rental income from the other, or rent both units for an income-producing addition to your investment portfolio. Two units. Three bedrooms and one bathroom per unit. Newly remodeled and ready for its next owner! Agents, please see notes!
Courtesy: RE/MAX Premier Properties
502-384-5944
Attention Investors! You don't want to miss out on this 6 unit building located just off of Preston Hwy with easy access to Fern Valley Rd and I-65. All units are currently occupied except one. Each unit consists of 2 bedrooms, 1 bath with laundry hook-ups and an open living and dining area. The owner pays for trash and water service and the tenants pay LG&E and any other utilities. Please allow 48 hour notice for showings.
Courtesy: Simpler.realestate
Two fully remodeled 2 bedroom, 1 bath units at 102 Wiltshire in St. Matthews, updated over the past year, each with its own character. Hardwood floors run through both, and large windows keep the rooms bright. Each unit has a private balcony and separate utility meters. Six surface parking spaces serve the property, and the basement holds storage and on-site laundry. Frankfort Avenue's restaurants and shops are right around the corner. One unit is leased month to month and the other is vacant, so a buyer can move into the empty unit right away. Call the listing agent to schedule a showing.
Courtesy: Lenihan Sotheby's Int'l Realty
502-899-2129
Fantastic investment opportunity in the Highlands! This well-maintained brick duplex offers classic character, spacious interiors, and a highly desirable location convenient to Bardstown Road, the Highlands, parks, shopping, dining, and more. Each unit features bright living spaces, hardwood flooring, generous room sizes, and an abundance of natural light. The kitchens offer stainless steel appliances, ample cabinetry, and functional layouts, while the covered front porch adds plenty of charm and outdoor living space. Whether you're looking to expand your rental portfolio, house hack by living in one unit and renting the other, or invest in one of Louisville's most sought-after areas, 1855 Harvard offers a great combination of location, character, and income potential. Don't miss this opportunity to own a versatile duplex in the heart of 40205!
Courtesy: Colliers
502-365-3840
Positioned in the heart of historic Old Louisville, this 12-unit multifamily property offers an attractive combination of location, character, and established ownership history. The property is conveniently located just minutes from Downtown Louisville and the University of Louisville, providing access to employment, education, entertainment, and neighborhood amenities. The property features a mix of studios, 1-bedroom and 2-bedroom units, offering flexibility to serve a range of renter needs. Long-term ownership and experienced self-management provide an established operating history. Units have a separate furnace and central air. Residents enjoy the architectural character associated with Old Louisville, including hardwood flooring throughout the property. A particularly valuable feature is the off-street parking, a limited and desirable amenity in the neighborhood. With its historic appeal, convenient location, diversified unit mix, and meaningful property improvements, this 12-unit asset presents an opportunity to own a multifamily property in one of Louisville's most recognizable historic neighborhoods. 12 units; 7 1BR/ 2 2BR/ 3 studio Separate furnaces and central air Separately metered gas and electric Off-street, private parking
Courtesy: Enrich Realty LLC
502-365-3572
Welcome to the house hackers dream. Live in either unit and AirBnB the other. With C-1 zoning, your options are flexible! This showstopping house has everything you could ever want. Heated floors, steam shower, sauna, solar, and lovingly renovated in 2017, keeping a modern classic vibe the whole way through! The property was taken down to the studs, second floor rebuilt and the garage was legally turned into a full ADU. The primary and ADU boast normal than average tall ceilings! 10' in the Primary with a valted ceiling in the loft ADU. Electrical wiring on the patio is ready for your hot tub! Come see the Crystal Castle, the first time offered on the market in about 70 years. The open-concept kitchen is a dream with custom cabinetry and molding, quartz countertops, and the perfect combined dining area for entertaining. First floor laundry and mud room make for easy access, with a convenient marble tiled half bath off the kitchen. Downstairs you have two large bedrooms with a jack n jill bath, one bedroom featuring an abundant walk-in closet. Upstairs is a luxurious primary suite. Walk into the office/study/yoga or meditation room and then into the primary suite with plenty of closet space, swanky soaking tub, and cushy carpet. The primary bath includes a marble walk-in shower complete with a steam-shower and heated floors. All new electric, plumbing, windows, spray-foam insulation within the last 10 years. The features don't stop there! Walk out to the gardeners backyard with plenty of mature plants. You're greeted with a pergola patio and a custom-built cedar sauna. The spacious garage fits two cars and room for a small workshop, and the property comes with a ~600ft stylish carriage house, also fully renovated in the last 10 years. This property is dubbed the crystal castle, where geodes come from the earth. This special home is ready for its next owner to love it just as much as the current owners have.
Courtesy: Tassie Parker Properties
502-807-0177
It's rare that a Duplex in this area goes on the market! But here it is! This is your chance to own a great property in the heart of Crescent Hill! There are 2 renovated units with 2 bedrooms each, a large living room and roomy eat-in kitchens. Both units are rented (unit 1 fully furnished) and have a great rental history. Both unit have a beautiful deck that overlooks the wooded back yard. Note that the walkout basement(currently being used for storage and laundry room could be easily turned into a third unit. The basement unit is framed, partially dry walled, with most electrical and plumbing finished. The Duplex has separate meters for gas, water and electric. The maintenance-free brick exterior with vinyl soffits offers a headache free exterior.
Courtesy: Totally About Houses
Beautifully maintained duplex in a convenient location close to downtown Louisville amenities! This charming property offers 2,975 sq ft with a 2BR/2BA downstairs unit and 3BR/2BA upstairs. The upstairs apartment is currently rented for $1,600/month, with the lease transferring to the new owner. An excellent opportunity to live downstairs while rental income helps offset the mortgage. Thoughtfully remodeled and cared for with exceptional pride of ownership. Beautifully Maintained Duplex with Exceptional Charm and Income Potential! A rare opportunity to own a thoughtfully remodeled and impeccably maintained duplex in a convenient Louisville location close to downtown amenities, dining, entertainment, shopping, and all the city has to offer. Offering **2,975 square feet** of finished living space, this charming property features a *2-bedroom, 2-bathroom downstairs apartment and a *3-bedroom, 2-bathroom upstairs apartment**, providing flexibility for an owner-occupant, investor, or multi-generational living arrangement. The upstairs unit is currently leased for *$1,600 per month*, with the existing lease transferring to the new owner, providing immediate rental income. Live comfortably in the downstairs unit while the rental income from the upstairs apartment helps offset your mortgage. Every detail of this home reflects exceptional care and pride of ownership. The property has been thoughtfully remodeled while maintaining its character and charm, resulting in a presentation that is truly above average. The 671-square-foot unfinished basement has been lined with spray foam insulation and protective coating, while the attic is also insulated and well lit—additional thoughtful improvements made by the owners to care for and protect the home. Outside, you'll find a backyard that feels like your own private oasis, beautifully landscaped with flowers and even butterflies making it their home. The upstairs unit offers a nice deck for relaxing or entertaining, while the downstairs unit enjoys its own patio area. There is also ample parking in the rear of the property, along with convenient on-street parking available in the front. Whether you're looking for an opportunity to live in one unit while generating rental income from the other, an investment property with an existing tenant, or simply a beautifully cared-for home with space and character, this property offers a unique combination of charm, functionality, and location. 1025 S 1st Street is truly a property that needs to be seen to be appreciated!
Courtesy: Colliers
502-365-3840
Located minutes from the University of Louisville and Downtown Louisville, this well-maintained and recently renovated 12-unit apartment property presents an excellent investment opportunity in the heart of Old Louisville. The property consists of four 2-bedroom/1-bath units and eight 1-bedroom/1-bath units. The buildings have undergone significant renovations and improvements throughout, including a recently replaced roof and brand new mini-splits. Each spacious apartment features a sprinkler system, and coin-operated laundry facilities are available on-site for residents. All units are separately metered for LG&E. The first- and second-floor units each have dedicated HVAC systems, while the third-floor units include brand new mini-split systems. Purpose-built as apartments, the property offers an attractive opportunity for both new investors entering the multifamily market and experienced owners looking to expand their existing portfolio. The offering includes 110, 112, 114, and 116 Oak Street.
Courtesy: RE/MAX Premier Properties
502-384-5944
Investors Take Note: Spacious duplex with approx. unit size of 960 sq ft on each 1 br, 1 bath unit/ Laundry hook ups in each unit. Electric/gas on separate meters, separate electric panels, separate furnaces and central air units. Water is on same meter and splits evenly and billed to tenants. Large front deck, two small separate rear decks. Large rear yard. room to add a pad for off- alley parking. roof is approx. 3 years old. convenient location near U of L, Churchill Downs, expressways. city trash collection. walk in closets. 1 unit currently vacant to show. offers received "subject to" seeing 2nd unit as to not disturb tenant. Closing cannot happen until December/January approx., Being sold as part of a 1031 exchange
Louisville is located in Kentucky. Louisville, Kentucky has a population of 630,260. Louisville is less family-centric than the surrounding county with 26.24% of the households containing married families with children. The county average for households married with children is 26.68%.
The median household income in Louisville, Kentucky is $58,357. The median household income for the surrounding county is $61,633 compared to the national median of $69,021. The median age of people living in Louisville is 37.6 years.
The average high temperature in July is 87.6 degrees, with an average low temperature in January of 25.5 degrees. The average rainfall is approximately 46.2 inches per year, with 8.7 inches of snow per year.
