$325,000

Estimated payment $2,144/month

Total Views 937
4 Beds
4 Baths
2,750 Sq Ft
$118 Price per Sq Ft

About This Home

Investor Alert - Two Updated 4-Plexes in High-Growth Area! Don't miss this incredible opportunity to add two income-producing 4-plexes—12511 & 12513 Orell Rd—to your investment portfolio for just $650,000. Professionally managed by LREI Property Management, these properties are primed for strong returns. Each building features four spacious 1-bedroom, 1-bath units, and over the last 3.5 years, more than $100K in updates have been completed. 7 of the 8 units have been renovated, with improvements including, 4 new HVAC units, luxury vinyl plank flooring, updated kitchen appliances, some new hot water heaters, fresh interior paint, new blinds, refinished bathtubs, some updated vanities, painted kitchen cabinets and some new gutters and window repairs. With the major capital expenses already addressed, you'll benefit from low maintenance costs and increased rental appeal. There's also significant upside potential as leases turn over, you can align rents with local market rates. Comparable 1BR/1BA units in the area are renting for upwards of $800/month, giving you room to grow the rent roll and maximize ROI. Located in zip code 40272, a high-demand area fueled by economic growth from the new factory in Hardin County, this property is also convenient to transit services, interstates, restaurants, shopping and entertainment. Whether you're a seasoned investor, looking to expand your portfolio or looking to get started with your first investment property purchase, this is a prime opportunity with strong cash flow potential and long-term value. Schedule your showing today!

Last Listed By

Shawn Owens

Beck Realty Group License #217950 Listed on: 05/26/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Home Design

  • 2,750 Sq Ft Home
  • Brick Exterior Construction
  • Shingle Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association

Listing and Financial Details

  • The owner pays for trash collection, sewer, water
  • Assessor Parcel Number 138000380000

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cooling System: Central Air
  • Lot Dimensions: 0
  • Property Sub Type: Quadruplex
  • Property Type: Multi Family
  • Garage Yn: No
  • Subdivision Name: NONE
  • Above Grade Finished Sq Ft: 2750.0
  • Architectural Style: Other
  • ResoBuildingAreaSource: Other
  • Utilities Electricity Connected: Yes
  • Roof:Shingle: Yes
  • Cooling Central Air: Yes
  • Owner Pays:Trash Removal: Yes
  • Water and Sewer:City Sewer: Yes
  • Special Features: None

Interior Features

  • Basement YN: No
  • Total Bedrooms: 4

Exterior Features

  • Roof: Shingle
  • Acres: 0.21
  • Construction Type: Brick
  • Exterior Features: None
  • Construction:Brick3: Yes

Garage/Parking

  • General Property Description:_pound_ Parking Spaces: 4.0

Utilities

  • Utilities: Electricity Connected, Fuel:Natural
  • Cooling Y N: Yes
  • Heating: Forced Air, Natural Gas
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 9134.0
  • ResoLotSizeUnits: Square Feet
  • Parcel #: 138000380000
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Owner Pays: Trash Collection, Sewer, Water
  • Tenant Pays: Electricity, Gas

Building Info

  • Year Built: 1973

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Block: 0
  • Tax Lot: 00

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2025 05/26/25 For Sale $325,000 -- $118 / Sq Ft
Source: Metro Search (Greater Louisville Association of REALTORS®)

Similar Homes in Louisville, KY

  • 635 Floral Terrace, Louisville, KY 40208

    $285,000

    • 5 Beds
    • 3 Baths
    • 2,208 Sq Ft
    • 635 Floral Terrace
    • Louisville, KY

    This great Old Louisville Duplex/Triplex nestled on one of the neighborhoods sought after brick, tree-lined walking courts with beautiful wrought iron gates at both ends. There is a lovely water feature on the court as well. This solid brick home was converted into 3 apartments back in the 1970's and has a delightful full covered front porch. There is an 868 Sq. Ft. 2-bedroom unit on the main

    Michael Mawood RE/MAX Results

    Section Image
  • 12511 E Orell Rd, Louisville, KY 40272

    $325,000

    • 4 Beds
    • 4 Baths
    • 2,750 Sq Ft
    • 12511 E Orell Rd
    • Louisville, KY

    Investor Alert - Two Updated 4-Plexes in High-Growth Area! Don't miss this incredible opportunity to add two income-producing 4-plexes—12511 & 12513 Orell Rd—to your investment portfolio for just $650,000. Professionally managed by LREI Property Management, these properties are primed for strong returns. Each building features four spacious 1-bedroom, 1-bath units, and over the last 3.5 years,

    Shawn Owens Beck Realty Group

    Section Image
  • 12611 E Orell Rd, Louisville, KY 40272

    $325,000

    • 4 Beds
    • 4 Baths
    • 2,650 Sq Ft
    • 12611 E Orell Rd
    • Louisville, KY

    Investors, take note! This stabilized 4-plex is a fantastic addition to your investment portfolio, featuring four 1-bedroom units, rented with a mix of one-year leases and month-to-month agreements. One unit is vacant and available for showings. This property has seen numerous updates, including newer windows, ceramic tile flooring, laminate flooring, and updated kitchen appliances. With

    Rob Bergeron Winner Realty

    Section Image
  • 2728 Taylor Blvd, Louisville, KY 40208

    $270,000

    • 5 Beds
    • 3 Baths
    • 2,670 Sq Ft
    • 2728 Taylor Blvd
    • Louisville, KY

    10.36% CAP rate! Right at the 1% rule! - total rents $2675. Excellent investment opportunity - this unique property consists of a duplex and a single family home on the same parcel, deeded together. The duplex has 4 bedrooms and 2 bathrooms (2 bedroom, 1 bath on each level). The single family home is a 1 bedroom, 1 bathroom cottage with laundry inside the unit as well as a basement for storage.

    Jay Pitts RE/MAX Premier Properties

    Section Image
  • 2726 S 3rd St, Louisville, KY 40208

    $279,900

    • 5 Beds
    • 3 Baths
    • 2,812 Sq Ft
    • 2726 S 3rd St
    • Louisville, KY

    Triplex in High-Demand Rental Market Steps from UofL! Owner Occupant or Savvy investors, this is your shot to own a triplex in one of Louisville's hottest rental corridors just minutes from the University of Louisville, Churchill Downs, Downtown & major commuter routes. Fully leased with solid rental history, 3 units total: Unit 1: 3 Bed/1 Bath, Unit 2: 1 Bed/1 Bath, Unit 3: 1 Bed/ 1 Bath.

    Jennifer Fahling Schuler Bauer Real Estate Services ERA Powered

    Section Image
  • 1809 Algonquin Pkwy, Louisville, KY 40210

    $299,000

    • 4 Beds
    • 4 Baths
    • 3,683 Sq Ft
    • 1809 Algonquin Pkwy
    • Louisville, KY

    This property has great potential ! This is a 4-plex with 2 units on each floor! Each unit is 1 bedroom, 1 bath. The rents are low, the rooms are large, storage units in the basement, lots of parking in the rear. The two units on Level one have a breakfast room, kitchen, living room, bedroom and full bath.The two units on Level 2 have a living room, eat-in kitchen, bedroom and bathroom. There

    Jan Scholtz Jan Scholtz REALTORS

    Section Image
  • 1724 W Ormsby Ave, Louisville, KY 40210

    $280,000

    • 4 Beds
    • 4 Baths
    • 2,568 Sq Ft
    • 1724 W Ormsby Ave
    • Louisville, KY

    Investor special, 4-unit brick 4-plex sold AS-IS and in need of a full rehab. Each unit is a 1 bed/1 bath apartment with its own living room, separate meters, independent HVAC systems and water heaters. Prime spot: two blocks from Shelby Park, minutes to U of L, downtown and I-65. Private showings by appointment.

    Jesse Cartagena Schuler Bauer Real Estate Services ERA Powered

    Section Image
  • 1436 S 4th St, Louisville, KY 40208

    $385,000

    • 5 Beds
    • 4 Baths
    • 3,391 Sq Ft
    • 1436 S 4th St
    • Louisville, KY

    Spacious triplex located in Old Louisville with a unit on every floor. The building is fully rented to long term tenants and the combined rent is $2,750. All rents are month to month. The owner pays water and sewer as well as electric to the basement with laundry hook-ups and the foyer. Each unit is on a separate meter for LG&E. Roof replaced in 2023 and second floor water heater replaced in

    Jane Hayes Signature One Properties

    Section Image
  • 1358 S 2nd St, Louisville, KY 40208

    $370,000

    • 5 Beds
    • 5 Baths
    • 4,179 Sq Ft
    • 1358 S 2nd St
    • Louisville, KY

    Welcome to this well maintained, Brick 4-plex in Old Louisville! This building is perfect for a new investor looking to house-hack, or a seasoned expert looking to add 4 income producing units to their portfolio. Three leases are currently month to month. The 2 bedroom unit has new flooring, cabinets and countertops, and room for increasing rents to market value. The units are all in great

    Hunter Gann Weichert Realtors - ABG

    Section Image

Source: Metro Search (Greater Louisville Association of REALTORS®)

MLS Number: 1687862

Metro Search (Greater Louisville Association of REALTORS®)