Courtesy: Exp Realty Llc
Prominent Germantown Commercial corner, ZONING leaves options! Successful STR neighbor! Close to Louisville's most beloved restaurants, coffee shops, and local hotspots, 1139 E St. Catherine Street, combined with 1014 & 1016 Schiller Avenue, presents an investment opportunity in one of the city's strongest rental corridors. Held by the same owner for over 20 years, this 1900 3 plex blends historic charm with proven performance. With three separately metered units, in-unit laundry in every unit, and a newer roof plus HVAC updates in the longest-standing apartment, this property is both stable and packed with value-add upside. Two updated units within the past 10yrs ($935 & $975), well below today's Germantown market rates, and one long-term tenant of 20 years sits at $675/month At stabilization, projected market rents of $1,200-$1,350 per unit and support estimated property values between $440,000 and $500,000+, depending on finishes and cap rate targets. With strong walkability, excellent visibility, and flexible use potential including mixed-use, short-term rentals, or redevelopment into modern urban row-style townhomes, this property is primed for growth and opportunity. Listed at $380,000, this is one of the rare Germantown multifamily assets offering both current cash flow and meaningful future upside. Full Rent Roll and Pro Forma Financials available upon request.
Courtesy: Louisville Magic Realty
Spacious three story brick Victorian 4-plex, on one the most sought-after block in the historic Old Louisville neighborhood, just few block from Central Park, St.James Court, University of Louisville, Downtown etc. This house features 4 apartments separately metered, first floor apartment is 2 bedrooms 2 baths with the access to the huge fenced backyard. There are two 1 bedroom apartments on the second floor, and one on the third floor. Currently only one third floor apartment is rented for $700 month to month. This house require detailed cosmetic work such as painting, caulking, good cleaning. Great opportunity to own a historic property that can bring you monthly income.
Courtesy: Powers Real Estate
This is a wonderful Highlands Brick triplex The first and second floors have 10 foot ceilings and large windows with great light. Just minutes to downtown or the interstates makes this a very convenient location.
Courtesy: Homepage Realty
Investor's Dream! This well-maintained duplex features two spacious 2-bedroom, 1-bath units, each offering comfortable living. Both units have received thoughtful modern updates while maintaining their classic charm, creating a warm and welcoming feel for tenants. Each unit boasts convenient living spaces, efficient kitchens, and ample closets. The property has been fully rented with reliable, long-term tenants, providing immediate income for the next owner. Perfect for investors looking to expand their portfolio seeking a turn key opportunity, this duplex delivers strong rental history, minimal upkeep, and consistent cash flow. Schedule a showing today, 72!hr notice required and see the potential this turnkey investment offers!
Courtesy: Homepage Realty
Investor's Dream! This well-maintained duplex features two spacious 2-bedroom, 1-bath units, each offering comfortable living. Both units have received thoughtful modern updates while maintaining their classic charm, creating a warm and welcoming feel for tenants. Each unit boasts convenient living spaces, efficient kitchens, and ample closets. The property has been fully rented with reliable, long-term tenants, providing immediate income for the next owner. Perfect for investors looking to expand their portfolio seeking a turn key opportunity, this duplex delivers strong rental history, minimal upkeep, and consistent cash flow. Schedule a showing today, 72!hr notice required and see the potential this turnkey investment offers!
Courtesy: Bellman Realty Llc
Premium Turnkey Triplex in Historic Portland! Incredible opportunity for investors or savvy house hackers. This rare parcel includes a fully renovated duplex plus a new 4 bedroom, single-family home—currently generating $3,900/month rental income. The entire triplex is leased to a reliable long-term tenant through July 2026, offering immediate cash flow from day one (the tenant can relocate immediately). Property Breakdown: • 3206 Rudd Ave - Two-story single-family home featuring 4 bedrooms and 2 full baths • 3202 Rudd Ave - A duplex with: • Unit 1: 3 bedrooms / 2 full baths • Unit 2: 2 bedrooms / 1 full bath All units have been modernized with quality finishes and thoughtful renovated. Situated on a double lot, this is a turnkey income property in a rapidly improving area— perfect for portfolio expansion or owner-occupant potential. Don't miss this chance to secure a high-performing asset in one of Louisville's fastest-growing neighborhoods.
Courtesy: Housing Associates
Great Investment Opportunity close to University of Louisville and Churchill Downs. Located on beautiful, tree lined Southern Parkway, this property is currently set up as a 4 plex with 4 bathrooms and 4 kitchenettes. The property could easily be converted into two 2 bedrooms units or one large single family residence. There is ample off street parking with alley access and a 2 car detached garage. Opportunities are endless with the proximity to UofL and Churchill Downs and room for expansion over the garage or off of the alley. First and second floors are separately meters for gas and electric.
Courtesy: Simpler.realestate
Incredible value-add opportunity in the highly desirable Germantown neighborhood! This duplex is priced under $200,000 and offers a perfect setup for investors or house hackers alike. One unit is currently vacant, while the other is occupied by a long-term Section 8 tenant, providing steady, guaranteed income. Each unit has its own furnace and meter, offering separate utilities and easy management. The property includes off-street parking, a spacious backyard, and sits just moments away from Germantown's popular restaurants, bars, and nightlife. With some TLC and updates, there's significant potential to increase rents and property value. Don't miss out on this chance to own an income-producing property in one of Louisville's most in-demand areas!
Courtesy: Schuler Bauer Real Estate Services ERA Powered
502-426-3600
Experience Butchertown character and charm at its finest! Situated on a quiet street in the heart of this historic neighborhood, just steps from NULU, local restaurants, and the LouCity Soccer Stadium. This timeless property offers two side-by-side dwellings joined by a shared brick wall, each with its own inviting covered entry. Both feature beautiful pine wood floors, soaring ceilings, large windows, decorative fireplaces and exposed brick that reflect the authentic craftsmanship. Unit 1407 boasts an updated kitchen complete with stainless steel appliances, solid-surface countertops, and tile flooring. The dining room gives access to a quaint covered side porch. Unit 1409 showcases a spacious kitchen with local Hadley Pottery backsplash, an abundance of cabinetry, and a large island perfect for gathering. The great room in 1409 is stunning with its vaulted wood ceiling along with the built-in cabinetry and shelving which extend to the ceiling. Each unit offers a loft style bedroom, 1409 bedroom is accessible via an iron spiral staircase, while 1407 has a traditional staircase. Both units are equipped with main floor laundry conveniently located off each kitchen. Rear doors give access to the fully fenced brick patio, an ideal space for relaxing or entertaining outdoors. This property offers endless possibilities: use one side as your personal residence and the other as a guest suite, workspace, or investment rental. With its prime location, flexible layout, and unmistakable Butchertown character, this home truly captures the best of historic charm and modern versatility. Please see additional MLS #'s 1701745 & 1701746. Call today to schedule your viewing to see all this property has to offer!
Courtesy: Re/max Premier Properties
Stop scrolling—this is a money maker! This rare OR-2 zoned duplex offers unmatched flexibility and is ideal for long/mid/short-term rentals, student housing, or a savvy buyer ready to house hack. Located just minutes from popular Germantown, UofL, I-65, downtown hospitals and the convention center, you'll benefit from a neighborhood experiencing a rebirth thanks to new construction and renovation projects happening on all sides. Each level features a 2-Bed, 1-Bath unit (~1,250 SF each) with Granite Countertops, Contemporary Cabinetry, Laundry Hookups, and Separate Utility Meters. Major updates are already completed include: a Newer Roof, HVAC, Water Heaters (all ~3 years old), Replacement Windows, and Updated Siding. Unit 1 currently rents for $1,200/mo on a M2M lease, while Unit 2 is market-ready with rent potential of $1,250/mo+; or $1,500 - $3,000/mo+ as a mid-term or short-term rental. An unfinished third-floor attic provides additional storage or expansion potential, and rear off-street parking adds convenience. Between the zoning flexibility, location, updates, and income upside, this one won't lastmake your next smart investment today!
Courtesy: BellMan Realty LLC
502-561-4191
Discover this income-producing triplex featuring two spacious 1-bedroom apartments and one large 5-bedroom unit. Currently, one unit is occupied by a long-term tenant paying $900/month, providing steady income from day one. The two recently vacated units are available for showings. When fully occupied, this property has generated $2,700 per month in gross rental income, making it an excellent addition to any investment portfolio.
Courtesy: BellMan Realty LLC
502-561-4191
Spacious duplex featuring two 2-bedroom, 1-bath apartments with proven rental history. One unit is currently occupied by a Section 8 tenant paying $1,017/month, providing reliable cash flow from day one. The second unit was recently occupied by a Section 8 tenant paying $1,114/month.
Courtesy: Schuler Bauer Real Estate Services Era Powered
This rare investment opportunity offers three well-maintained 1-bedroom, 1-bath units, each featuring a spacious walk-in closet and generous storage. All units are currently tenant-occupied with valid leases, providing immediate rental income. Just two blocks from St. James Court, this property is surrounded by Old Louisville's iconic historic landmarks and charming tree-lined streets. The building itself reflects the Neoclassical Italian style, blending timeless architecture with modern livability. Additional features include a large basement for added storage or potential expansion. Whether you're looking to expand your rental portfolio or secure a strong cash-flowing property in one of Louisville's most desirable neighborhoods, this triplex is a must-see.
Courtesy: Exp Realty Llc
Great investment opportunity! This triplex features three 1-bedroom, 1-bath units. Each unit has solid potential but will need some updates and repairs. Perfect for anyone looking to add value through renovations. Convenient layout, good bones, and room to improve make this a strong rental property or project for an investor.
Courtesy: Hoagland Commercial Realtors
We are pleased to present this 2-UNIT offering consisting of two single family dwellings located in the Clifton neighborhood. 2616 Lindsay Ave is a 3/1, shotgun-style unit, is leasing at $925/mo. 2626 Lindsay Ave is a 2/1 property, with both bedrooms located on the second-floor, and is leasing at $1,200. New ownership will benefit by coming-in and raising rents to achieve a higher NOI. Please reach out to agent today for additional information.
Courtesy: Real Broker, Llc
Currently generating $2,500/month ($1,400 + $1,100), this brick duplex rental property in Louisville easily beats the 1% rule. Both units are well-sized, fully occupied, and in demand, offering immediate cash flow and long-term equity growth. The all-brick construction ensures easy maintenance and strong tenant appeal. Backed by Louisville's appreciation metrics—7.14% YTD increase in average sale price and nearly 20% annual growth in median sales price—this property is a strong performer in one of the nation's most resilient housing markets.
Courtesy: Homepage Realty
502-690-6685
Spacious Victorian 3 Story multi family bldg. Iron decorated porch. Gorgeous fireplaces. 1 unit currently occupied. 1 unit not fully finished-no cabinets or furnace.
Courtesy: RE/MAX Premier Properties
502-384-5944
320 E College St — Commercially Zoned Rental Opportunity Discover a unique investment in the heart of Louisville! This commercially zoned property is already operating as a successful mid-term rental, primarily serving travel nurses and professionals. With its zoning, it also qualifies for short-term rental use, offering tremendous upside for Airbnb/VRBO operators. The property features multiple bedrooms and baths across a spacious historic layout, with modern updates and furnished interiors. Guests and tenants enjoy proximity to downtown, UofL, medical centers, and entertainment hubs. Whether you continue the proven mid-term model or reposition for short-term rentals, this property is a turnkey, income-producing asset in a prime location.
Courtesy: Column Realty
502-821-6738
16 Unit ''Old Louisville'' - Trophy Asset - Investment Opportunity!! CAP RATE = 7.6% Refinished hardwood floors, long-term ownership / self-managed. The building consists of: 14 (1 bedroom - 1 bath apartments) & 2 (Studio apartments). All 16 units are individually metered, tenants pay all utilities, updated double pane windows, window units, updated panel boxes and furnaces. Very large basement with laundry hook-ups & 16 storage lockers for additional revenue possibilities. This building has a desirable location - excellent for your UofL student. The building is located in the heart of Old Louisville, close to UofL Cardinal Towne, minutes to Churchill Downs, Downtown and easy convenient access to I-65. Excellent opportunity for higher rent revenue. Any questions contact agent. " Roof ~ 12 years " Refinished hardwood floors " Updated double pane windows " 16 Separate water heaters " 16 Separate furnaces, window units " 16 Storage unit spaces in basement " Laundry hookups in basement " Water bill prorated back to tenants " Self-managed property " Tenants pay electric/gas " Apt types: (14 - 1 bed, 2 - studios)
Courtesy: Homepage Realty
Step into history with this Dutch Colonial Revival, built in 1902 and nestled along Sherwood Avenue in the highly sought-after Highlands/Parkside corridor. Owned and cared for by the same family for nearly 30 years, the home has been thoughtfully maintained with a focus on preserving its historic character while allowing for modern possibilities. Currently configured as a triplex with separated meters, each unit spans an entire floor. The first floor offers 1,570 square feet with two bedrooms and one bath, the second floor provides 1,444 square feet with similar charm and layout, and the third-floor studio adds another 866 square feet of versatile living space. Throughout the home, you'll find original details including hardwood floors with inlays, built-in cabinetry, fireplace mantels, and oversized windows that fill the rooms with natural light. This property offers flexibility for its next chaptercontinue as a multifamily investment, restore it into a stunning single-family residence, or make it an owner-occupied home with rental income to help offset your mortgage. All of this is just steps from Cherokee Park and the restaurants, shops, and nightlife of Bardstown Road, making it a rare opportunity to own a piece of Highlands history in one of Louisville's most desirable locations.
Courtesy: BERKSHIRE HATHAWAY HomeServices, Parks & Weisberg Realtors
502-897-3321
There are two buildings being sold. This parcel ID has two buildings the first building is the red triplex, 1525 Anderson St, with two units on the first floor and one unit upstairs. There is a cellar. this triplex brings in $1,484 in rent per month. Owner pays water and trash there is only 1 laundry room in the downstairs unit, unit 1. 2 units are occupied the upstairs unit will be vacant soon. The second building is the six townhomes this building is on a corner. Two of the townhomes are on Anderson Street four of the townhomes are on S. 16th St. . The townhomes bring in $2,473. Owner only pays trash. 3 units are occupied 2 units are vacant and there will be one more vacancy coming up.
Courtesy: BERKSHIRE HATHAWAY HomeServices, Parks & Weisberg Realtors
502-897-3321
This 5-unit multi-family property sits on a huge lot, offering both space and opportunity for investors. Each unit provides comfortable living with strong rental potential. The oversized lot allows room for future expansion, additional parking, or outdoor amenities. With its prime location and long-term upside, this property is a rare find for savvy buyers. Will need 48 hours for showing requests to notify tenants. Unit 1 $913.50 1 bedroom Unit 2 $840.00 1 bedroom Unit 3 $635 2 bedrooms Unit 4 $800.50- is about to be vacant , no later than January(under eviction) 1 bedroom Unit 5 $850.00- evicted 2 bedrooms PLEASE CALL AGENT WITH ANY QUESTIONS.
Courtesy: Column Realty
Motivated Seller - Make Offer!!! Investor Special! Rehab Project - This duplex in historic Old Louisville offers incredible potential. Ideal for a remodel or value-add project, the property provides a solid foundation for your vision. Vacant upstairs-occupied on month-to-month leases downstairs, giving flexibility for either continued income or renovations.
Courtesy: EXP Realty LLC
888-624-6448
Discover the potential in this 4-unit building, each offering 1 bedroom and 1 bathroom. Perfectly suited for investors or owner-occupants looking to grow their portfolio, this property presents a rare opportunity to add value and maximize returns. Each unit is spacious and functional, providing a solid foundation for updates and improvements. While the property does need some TLC, the upside is clear—renovations can significantly increase rental income and long-term property value.
Courtesy: Real Estate Go To
502-236-9575
Located at 2921 Cannons Ln in the desirable 40205 zip code, this solid quadplex offers four 2-bedroom, 1-bath units with a combined 3,402 sq ft of living space. Built in 1962, this well-kept, two-story building features hardwood floors in each unit and sits on neatly maintained grounds. All four units are currently tenant-occupied, making this a true turnkey investment with immediate rental income. Its excellent location provides convenient access to shopping, dining, parks, and major roadways—an ideal addition to any investor's portfolio.
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.
