1509 S 3rd St new Save Request In-Person Tour Request Virtual Tour
Louisville,KY 40208
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,386 sqft
Price per Sqft $125
Subdivision Old Louisville
MLS Listing ID 1685255
Style Traditional
Bedrooms 7
HOA Y/N No
Abv Grd Liv Area 3,586
Originating Board Metro Search (Greater Louisville Association of REALTORS®)
Year Built 1906
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Quadruplex
Property Description
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.
Location
State KY
County Jefferson
Direction I-65 to St Catherine to S 3rd Street, Property is on your left
Interior
Heating Forced Air,Natural Gas
Cooling Central Air,Wall/Window Unit(s)
Exterior
Exterior Feature See Remarks
Garage Spaces 3.0
View Y/N No
Roof Type Shingle
Porch Deck,Porch
Garage Yes
Building
Building Description Brick,Stone, Laundry Facility,Pets Allowed
Sewer Public Sewer
Water Public
Architectural Style Traditional
Structure Type Brick,Stone