1476 S 3rd St

Louisville, KY 40208

About this property

Welcome to a rare investment opportunity on historic Millionaire's Row in Old Louisville. This striking brick tri-plex blends timeless architecture with strong income-producing potential. Currently configured as three separate apartments, the property offers flexibility for continued rental use, possible conversion back to a single-family residence, or other creative ownership options. The largest unit features 3 bedrooms and 1 bathroom, highlighted by original mantels, hardwood floors, and classic historic details. The two additional units each offer 2 bedrooms and 1 bathroom, with charming features such as hardwood flooring, abundant natural light, and stained-glass accents. Additional features include a private fenced yard and dedicated off-street parking - valuable amenities in this highly desirable location. The units have being upgraded. Units 1 and 3 have long term tenants. Unit 2 has being leased by the room on furnished finders providing for additional capital. Ideally situated near the University of Louisville, Churchill Downs, Downtown Louisville, and I-65, this property offers both historic character and practical convenience. Whether you are looking to expand your portfolio, occupy one unit while renting the others, or explore future conversion possibilities, this Old Louisville property is full of potential.

About this property

Welcome to a rare investment opportunity on historic Millionaire's Row in Old Louisville. This striking brick tri-plex blends timeless architecture with strong income-producing potential. Currently configured as three separate apartments, the property offers flexibility for continued rental use, possible conversion back to a single-family residence, or other creative ownership options. The largest unit features 3 bedrooms and 1 bathroom, highlighted by original mantels, hardwood floors, and classic historic details. The two additional units each offer 2 bedrooms and 1 bathroom, with charming features such as hardwood flooring, abundant natural light, and stained-glass accents. Additional features include a private fenced yard and dedicated off-street parking - valuable amenities in this highly desirable location. The units have being upgraded. Units 1 and 3 have long term tenants. Unit 2 has being leased by the room on furnished finders providing for additional capital. Ideally situated near the University of Louisville, Churchill Downs, Downtown Louisville, and I-65, this property offers both historic character and practical convenience. Whether you are looking to expand your portfolio, occupy one unit while renting the others, or explore future conversion possibilities, this Old Louisville property is full of potential.

Features and Additional Information

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$485,000 Pending
3,663 sqft

Presented By Rachel Lopez

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Brokerage
Encore Realty Group
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Area Information

01 Dtwn Old Louisville | Shively | West Lou | Jefferson County | OLD LOUISVILLE

$ 485,000
This listing is play_arrow 23.1% higher than the average in the area
$ 394,000 in the area
3,663 SqFt
This listing is play_arrow 11.6% larger than the average in the area
3,284 SqFt in the area
$ 132 $/SqFt
This listing is play_arrow 9.8% more than the average in the area
$ 121 $/SqFt in the area
132 days on site
This listing is play_arrow 282.6% above the average in the area
35 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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Listed By Fernando Martinez Gonzalez
Brokerage: Encore Realty Group

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