NOT LISTED FOR SALE

1279 S Preston St Louisville, KY 40203

Shelby Park Neighborhood
9 Beds
7 Baths
4,688 Sq Ft
1890 Built

Last Sold July 09, 2024

Last sale price $422,500 $90 Per Sq Ft

120 Days on Market

Highlights

  • No HOA
  • Meyzeek Middle School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of July 2024

Check out this updated cash flowing 7 Plex with $6,000/month of rental income. This building has been significantly renovated over the past several years with five units rehabbed and rented out to Veterans using the metro section 8 voucher program. The C2 zoning allows for a great deal of flexibility with this building for opportunities for short term rentals, retail, office space or continued multifamily housing. 2024 voucher increases are a plus for this building and opportunity to rehab and increase rents for several more units. Located in the up and coming area of Shelby Park, this multifamily is a perfect addition to an existing portfolio or a great way to start to build a portfolio. Property Professionally managed. Current rent roll is $5,000/month with gross potential after renting last unit increases to $5,925/month. Property has electric water heater paid by owner. All units metered out for electric. Rent Roll and financials available upon request.

Last Agent to Sell the Property

Joe Barnett

PML Real Estate Group LLC License #222553 Listed on: 02/01/2024

Co-Listed By

Brian Stocker

PML Real Estate Group LLC License #210821

Last Buyer's Agent

Lori Lopez

Exit Realty Choice License #283444

Exit Realty Choice

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1890

Home Design

  • 4,688 Sq Ft Home
  • Shingle Roof
  • Vinyl Siding

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Mini Split Heat Pump

Community Details

  • No Home Owners Association

Listing and Financial Details

  • The owner pays for gas
  • Legal Lot and Block 0035 / 023D
  • Assessor Parcel Number 023D00350000
  • Seller Concessions Offered

Property Details

Home Type

Apartment

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Cooling System: Central Air
  • Lot Dimensions: 0
  • Property Sub Type: Apartment
  • Property Type: MultiFamily
  • Garage Yn: No
  • Co List Office Mls Id: 20998
  • Co List Office Phone: 502-895-9136
  • Subdivision Name: NONE
  • Above Grade Finished Sq Ft: 4688.0
  • Architectural Style: Select One
  • ResoBuildingAreaSource: Other
  • Roof:Shingle: Yes
  • Cooling Central Air: Yes
  • Utilities City Sewer: Yes
  • Special Features: None

Interior Features

  • Basement YN: No

Exterior Features

  • Roof: Shingle
  • Construction Type: Vinyl Siding
  • Exterior Features: None

Utilities

  • Utilities: City Sewer, City Water
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air, Natural Gas, Heat Pump, MiniSplit/Ductless
  • HeatingYN: Yes
  • Heating:Forced Air: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 023D00350000

Rental Info

  • Owner Pays: Gas

Building Info

  • Year Built: 1890

Multi Family

  • Number Of Units Total: 7

Tax Info

  • Tax Block: 023D
  • Tax Lot: 0035

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
07/09/2024 07/09/24 Sold $422,500 -2.9% $90 / Sq Ft
06/01/2024 06/01/24 Pending -- -- --
05/01/2024 05/01/24 Price Changed $435,000 -2.2% $93 / Sq Ft
04/19/2024 04/19/24 Price Changed $445,000 -3.3% $95 / Sq Ft
03/01/2024 03/01/24 Price Changed $460,000 -2.1% $98 / Sq Ft
02/01/2024 02/01/24 For Sale $470,000 -- $100 / Sq Ft
Source: Metro Search (Greater Louisville Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Joe Barnett

    Seller's Agent in 2024

    Joe Barnett

    PML Real Estate Group LLC

    (502) 654-8330

    1 in this area

    94 Total Sales

    Section Image
  • Brian Stocker

    Seller Co-Listing Agent in 2024

    Brian Stocker

    PML Real Estate Group LLC

    (502) 386-9033

    3 in this area

    592 Total Sales

    Section Image
  • Lori Lopez

    Buyer's Agent in 2024

    Lori Lopez

    Exit Realty Choice

    (502) 727-9296

    1 in this area

    88 Total Sales

    Section Image
See All Agents

Map

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

MLS Number: 1653753

Metro Search (Greater Louisville Association of REALTORS®)

Kentucky Jefferson County Louisville 40203 Shelby Park

1279 S Preston St, Louisville, KY

This home is located at 1279 S Preston St, Louisville, KY 40203 since 01 February 2024. This property was built in 1890. 1279 S Preston St is a home located in Jefferson County with nearby schools including Bloom Elementary School, Byck Elementary School, and Foster Traditional Academy.

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.

Metro Search (Greater Louisville Association of REALTORS®) 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