1239 Schiller Ave Louisville, KY 40204
Germantown Neighborhood
--
Bed
--
Bath
2,662
Sq Ft
0.37
Acres
Highlights
- Cape Cod Architecture
- No HOA
- Central Air
- Atherton High School Rated A
- Screened Porch
- 1 Car Garage
About This Home
As of July 2025This Germantown property features three units and has been successfully managed as an owner-occupied, three unit Airbnb for the past few years with high occupancy, good income, fantastic reviews and reputation but it also offers a buyer significant upside in the current rental rates. Even better, it comes with an additional lot zoned R-6, which could be utilized for additional multi-family unit construction! The owners have not needed a CUP as it has been their primary residence, but are working with Metro now to obtain a CUP, giving a new owner the flexibility in choosing the leasing structure. The property also has potential for an owner to convert back to a single-family residence, or long term lease all the units. The furniture/ contents is all negotiable. The property backs up to Beargrass Creek offering beautiful green views, a firepit area and great privacy and entertainment opportunities for your guests. A one car garage with storage is located behind the building and could also accommodate additional units on the 2nd floor. Endless potential! The basement level is mostly finished with windows, has common laundry and an owner's storage room. Current rates appear to be lower than the competition and because the property supports a good occupancy record, rates can easily be increased to accommodate demand.
Unit Potential Info:
1st floor: 2 Bedrooms/ 1 Bath with full kitchen
2nd floor: 1 Bedroom/ 1 Bath but configured with 2 sleeping areas. Not currently configured with full kitchen but had one prior to ownership and all utilities were capped. Owner willing to build a full kitchen back in with acceptable contract.
3rd floor: 1 Bedroom/ 1 Bath, full kitchen (however, bedroom cannot be considered as a true bedroom)
It is noted the property is in the 100-year floodplain; however, the property has never flooded since ownership.
This property is booked out and showings mostly available on Mondays and Tuesdays. However, must be requested and approved with the listing agent.
Last Agent to Sell the Property
Homepage Realty License #222813 Listed on: 04/14/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,631
Year Built
- Built in 1948
Parking
- 1 Car Garage
Home Design
- Triplex
- Cape Cod Architecture
- Shingle Roof
- Vinyl Siding
Interior Spaces
- Screened Porch
- Basement
Utilities
- Central Air
- Heating System Uses Natural Gas
Community Details
- No Home Owners Association
Listing and Financial Details
- Legal Lot and Block 120 & 6 / 025H
- Assessor Parcel Number 025H012000000
- Seller Concessions Offered
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 15, 2023
Sold by
Vaughan Wesley A
Bought by
Wavic Llc
Purchase Details
Closed on
Oct 7, 2011
Sold by
Cruse Emma L
Bought by
Clark Scott and Clark Erin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,367
Interest Rate
4.26%
Mortgage Type
FHA
Similar Homes in Louisville, KY
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Deed | $99,900 | Limestone Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $461,020 | VA | |
| Previous Owner | $86,645 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $97,367 | FHA | |
| Previous Owner | $28,280 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/21/2025 07/21/25 | Sold | $454 | -99.9% | $0 / Sq Ft |
| 07/01/2025 07/01/25 | Pending | -- | -- | -- |
| 06/19/2025 06/19/25 | Price Changed | $464,000 | -2.3% | $174 / Sq Ft |
| 06/05/2025 06/05/25 | For Sale | $475,000 | +6.7% | $178 / Sq Ft |
| 07/15/2022 07/15/22 | Sold | $445,000 | -1.1% | $167 / Sq Ft |
| 06/02/2022 06/02/22 | Pending | -- | -- | -- |
| 04/14/2022 04/14/22 | For Sale | $450,000 | -- | $169 / Sq Ft |
Source: Metro Search (Greater Louisville Association of REALTORS®)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,631 | $438,550 | $36,550 | $402,000 |
| 2023 | $5,885 | $438,550 | $36,550 | $402,000 |
| 2022 | $3,461 | $254,450 | $49,450 | $205,000 |
| 2021 | $3,625 | $254,450 | $49,450 | $205,000 |
| 2020 | $1,786 | $130,000 | $17,500 | $112,500 |
| 2019 | $1,622 | $120,900 | $8,400 | $112,500 |
| 2018 | $1,601 | $120,900 | $8,400 | $112,500 |
| 2017 | $1,576 | $120,900 | $8,400 | $112,500 |
| 2013 | $1,100 | $110,000 | $10,000 | $100,000 |
Source: Public Records
Agents Affiliated with this Home
-
Lynne Marie Roeschlaub
Seller's Agent in 2025
Lynne Marie Roeschlaub
Realty Pros of Kentuckiana
(502) 758-6884
1 in this area
4 Total Sales
-
Eliot Blair
Buyer's Agent in 2025
Eliot Blair
United Real Estate Louisville
2 Total Sales
-
Shamus Greene
Buyer Co-Listing Agent in 2025
Shamus Greene
United Real Estate Louisville
(502) 526-3433
2 in this area
61 Total Sales
-
Amanda Helfrich
Seller's Agent in 2022
Amanda Helfrich
Homepage Realty
(502) 690-6685
1 in this area
33 Total Sales
-
Jose Bonilla
Buyer's Agent in 2022
Jose Bonilla
RE/MAX
(502) 876-3224
1 in this area
96 Total Sales
Map
Source: Metro Search (Greater Louisville Association of REALTORS®)
MLS Number: 1609843
APN: 025H01200000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker. Copyright 2025 Metro Search, Inc.
Nearby Homes
- 1246 Schiller Ave
- 1225 Rammers Ave
- 1205 Rammers Ave
- 1229 Crown Ave
- 1214 Rammers Ave
- 1128 Schiller Ave
- 1205 Fischer Ave
- 1230 Fischer Ave
- 1129 Fischer Ave
- 1233 Reutlinger Ave
- 1105 E Oak St
- 1021 Ellison Ave
- 1102 E Saint Catherine St
- 1217 E Kentucky St
- 953 Ellison Ave
- 1037 Charles St
- 1057 E Saint Catherine St
- 954 Ellison Ave
- 1048 E Kentucky St
- 1413 Rufer Ave