1475 S 3rd St
Property Description
Located along Louisville's prestigious Millionaire's Row in the heart of Historic Old Louisville, this exceptional five-unit apartment building offers a rare opportunity to acquire a beautifully maintained, income-producing asset in one of the city's most desirable rental markets. Thoughtfully improved over many years of ownership, the property combines the timeless character of Historic Old Louisville with the modern updates today's tenants expect. Residents enjoy an exceptional location just minutes from the University of Louisville, Downtown Louisville, the Medical District, Norton Hospital, Churchill Downs, restaurants, coffee shops, parks, and entertainment. Ownership has completed extensive capital improvements, including a newer roof, exterior painting and trim, rebuilt deck, upgraded LED exterior lighting, improved common areas, electrical and plumbing upgrades, and numerous additional building system improvements. Apartment interiors have been extensively renovated with updated kitchens featuring modern cabinetry, countertops, and stainless steel appliances, renovated bathrooms, replacement windows, new furnaces and central air systems, updated flooring, fresh interior finishes, and contemporary lighting throughout. Additional improvements include insulated garage door replacement, added laundry hookups, and continued investment in the property's long-term maintenance and functionality. Whether expanding an investment portfolio or acquiring a signature property in one of Louisville's premier historic neighborhoods, 1475 S. 3rd Street offers an exceptional combination of historic character, extensive renovations, strong tenant demand, and long-term investment appeal. Investment Highlights: - Historic five-unit apartment building on prestigious Millionaire's Row - Prime location in Historic Old Louisville - Minutes from the University of Louisville, Downtown Louisville, hospitals, and major employers - Extensive capital improvements completed throughout ownership - Renovated apartment interiors with modern finishes - Electrical, plumbing, HVAC, and building system upgrades - Strong rental demand driven by proximity to UofL, the Medical District, and Downtown Louisville - Turnkey investment in one of Louisville's most sought-after historic neighborhoods
Broker Details
Berkshire Hathaway HomeServices Parks & Weisberg, Realtors (502) 459-1928
MLS ID: 24912
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $599,000 |
| No. of Units: | 5 |
| Year Built: | 1919 |
| Lot Size: | 4,786.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $119,800 |
| Property Website | Click Here |
| Number of Bedrooms: | 10 |
| Number of Bathrooms: | 1 |
ID: 3yd-GLARKY-1721583
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