2114 Bonnycastle Ave
Property Description
Located in the heart of Louisville's highly desirable Highlands neighborhood, this exceptional four-plex is a rare opportunity on one of the city's most iconic streets within one of its strongest rental markets. This stately three-story brick property features four spacious units ranging from one to three bedrooms, each offering unique character with features such as sunrooms, butler's pantries, and mudrooms. Additional amenities include a full basement with laundry, a large fenced backyard, and three rear garages. The sellers recently inherited the property and have limited historical knowledge beyond its long-standing history as a stable, income-producing rental with very low vacancy. Recognizing the property would benefit from updates, they have significantly reduced the price to reflect known repairs. Contractor estimates are attached to the listing, and the sellers are willing to provide a repair credit or adjust the purchase price accordingly. The oversized first-floor unit, offering more than 2,000 square feet with three bedrooms and two bathrooms, is currently vacant and may remain available for an owner-occupant or immediate renovations before leasing. With its generous unit sizes, classic architecture, and prime location, the property offers excellent value-add potential through renovations and increased rental income. It also presents a unique opportunity for conversion back to a grand single-family residence, subject to applicable approvals. Whether you're an investor or owner-occupant, this is a rare Highlands property offering outstanding flexibility, upside potential, and long-term value.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $695,000 |
| No. of Units: | 4 |
| Year Built: | 1925 |
| Lot Size: | 5,200.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $173,750 |
| Property Website | Click Here |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 5 |
ID: 3yd-GLARKY-1714238
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