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Russell Multifamily Homes & Duplexes for Sale

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    $799,900

    • 26 Beds
    • 11 Baths
    • 11,866 Sq Ft

    2307 W Chestnut St, Louisville, KY 40211

    Scoop up this Fully Leased, 9-Unit Residential Portfolio that exceeds the 1% Rule. Attractively priced under $89k/unit, this package includes 7 SFHs, 1 Duplex and a Vacant Lot. This value-add investment opportunity comes with mostly long-term, M2M tenants at below-market rental rates that provides another investor with a strong basis to incrementally increase rents. Individually combined, these

    Sean Williams RE/MAX Premier Properties

    2307 W Chestnut St, Louisville, KY 40211
  • /42

    $579,000

    • 12 Beds

    2322 W Chestnut St, Louisville, KY 40211

    Welcome to a Rare and Unique Investment Opportunity!This expansive 5-unit multifamily property is unlike anything else on the market. Formerly a church, the building has been thoughtfully converted into oversized residential units—most of which are 3-bedroom layouts, an extremely rare find in the multifamily space.Each unit offers an abundance of space, character, and architectural charm you

    Jenny Perron EXP Realty, LLC

    2322 W Chestnut St, Louisville, KY 40211

Why Live in Russell

Russell, a historic neighborhood in Louisville, is undergoing revitalization with new homes and active community organizations. Located a few blocks west of downtown, Russell is known for its rich history, including being the high school neighborhood of Muhammad Ali and home to Old Walnut Street's historic mansions. The neighborhood features a mix of updated Colonial revival homes, modern traditional houses, bungalows, and shotgun-style homes, many of which are rented. Residents often use the Transit Authority of River City (TARC) for transportation, and wide sidewalks make walking to amenities convenient. The area is served by two hospitals within 2 miles and is a 7-mile drive from Louisville Muhammad Ali International Airport. Local businesses like Blak Koffee, Tino’s Taste of Heaven, and Chicago’s Jerk Tacos provide diverse dining options, while Kroger on West Broadway offers grocery shopping with a deli and pharmacy. Community engagement is strong, with parks like Sheppard Park, Baxter Square Park, and Elliott Square Park offering recreational spaces, and the MOLO Village supporting at-risk residents through public events and programs. The Western Branch Library is a hub for readers and families. Russell falls within the Eastern and Jeffersontown Choice zones for schools, with Eastern High School being highly rated. The Kentucky Center for African American Heritage and the Louisville Central Community Center provide cultural and educational resources. Although the neighborhood has faced challenges, initiatives like Vision Russell and the Russell Neighborhood Association are actively working towards community improvements.

Home Trends in Russell, KY

Housing Trends

Median Sale Price
$393,000
Median Single Family Sale Price
$395,000
Median Townhouse Sale Price
$414,500
Median 2 Bedroom Sale Price
$393,000
Median 1 Bedroom Sale Price
$470,000
Average Price Per Sq Ft
$275
Number of Homes for Sale
11
Last 12 months Home Sales
92
Months of Supply
1.40
Median List Price
$415,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
8%
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