$650,000
$25K PRICE DROP

1345 S 3rd St Louisville, KY 40208

Old Louisville Neighborhood

Estimated payment $4,114/month

Total Views 6,311
8 Beds
6 Baths
5,258 Sq Ft
$124 Price per Sq Ft

Highlights

  • Deck
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Traditional Architecture
  • Porch
  • 4-minute walk to Magnolia Park

About This Home

Turnkey 6 Unit Investment Opportunity in Historic Old Louisville
Don't miss this incredible chance to own a fully renovated 6-unit property in the heart of Old Louisville, offering high income potential with minimal upkeep. Spanning 5,258 sq. ft., this self-managed building showcases timeless character with original mantels and beautifully refinished hardwood floors throughout. All units have been remodeled including kitchens & baths.
Unit Breakdown:
(2) 2-bedroom, 1-bath units
(4) 1-bedroom, 1-bath units All units are individually metered, and tenants pay their own utilities. Each unit includes:
"Stainless steel appliances and dishwashers
"Updated kitchens with granite countertops
"Fully remodeled bathrooms with modern PEX/PVC plumbing
"Upgraded Electrical in all units
"All units fully remodeled with premium finishes
"Window A/C units
Upgrades & Improvements:
"New central furnace installed in 2021
"Significant exterior renovations: new fire escape, new front porch & limestone front steps.
"Dedicated off-street parking
"Coin-operated laundry in the hallway
This property attracts quality tenants and offers strong, consistent cash flow. An exceptional, low-maintenance investment in one of Louisville's most iconic neighborhoods. The building is located in the heart of Old Louisville, close to UofL Cardinal Towne, minutes to Churchill Downs, Downtown and easy convenient access to I-65. Excellent opportunity for higher rent revenue. Any questions contact listing agent.

"Refinished hardwood floors
"Upgraded kitchens & bathrooms
"3 Roofs (2 within last 3 years)
"2 Water heater
"1 Gas Furnaces (1st & 2nd floors)
"3rd Floor heat, gas & water heater
"Window units
"Upgraded PEX/PVC plumbing
"Updated Electrical panels
"Basement storage
"Coin-op Laundry in hallway ($140 / month)
"Tenants pay electric/gas
"Self-managed property
"4 Dedicated parking spaces

Rent/Type/Lease
1 $900 (1bed) - 9/30/25
2 Vacant (2 bed) (Goal $1,300-$1,400 / mth)
3 $1,050 (1 bed) - at will
4 $860 (1 bed) - 2/28/26
5$935 (1 bed) - 2/28/26
6$1,200 (2 bed) - 5/31/26

Listing Agent

John Rendeiro

Column Realty License #266380 Listed on: 06/11/2025

Co-Listing Agent

Fernando Martinez

Column Realty License #282470

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1880

Home Design

  • 5,258 Sq Ft Home
  • Traditional Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Metal Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Deck
  • Porch

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Basement

Community Details

  • No Home Owners Association
  • Old Louisville Subdivision

Listing and Financial Details

  • The owner pays for gas, water
  • Legal Lot and Block 0055 / 032E
  • Assessor Parcel Number 032E00550000

Property Details

Home Type

Apartment

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Cooling System: Wall/Window Unit(s)
  • Lot Dimensions: 0.1711
  • Property Sub Type: Apartment
  • Property Type: Multi Family
  • Garage Yn: No
  • Co List Office Mls Id: 800724
  • Co List Office Phone: 502-821-6738
  • Subdivision Name: OLD LOUISVILLE
  • Above Grade Finished Sq Ft: 5258.0
  • Architectural Style: Traditional
  • Utilities Electricity Connected: Yes
  • Architectural Style Traditional: Yes
  • Water and Sewer:City Sewer: Yes
  • Special Features: None

Interior Features

  • Basement YN: Yes
  • Total Bedrooms: 8

Exterior Features

  • Roof: Flat, Metal
  • Construction Type: Brick
  • Exterior Features: None
  • Patio And Porch Features: Deck, Porch
  • Construction:Brick3: Yes
  • ConstructionSiding:Roof Flat: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: 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: 0.17
  • ResoLotSizeUnits: Square Feet
  • Parcel #: 032E00550000

Rental Info

  • Owner Pays: Gas, Water
  • Tenant Pays: Electricity, Gas

Building Info

  • Year Built: 1880

Multi Family

  • Number Of Units Total: 6

Tax Info

  • Tax Block: 032E
  • Tax Lot: 0055

Map

Range of Values:

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Average Value
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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
07/01/2025 07/01/25 Price Changed $650,000 -3.7% $124 / Sq Ft
06/11/2025 06/11/25 For Sale $675,000 +114.3% $128 / Sq Ft
07/10/2017 07/10/17 Sold $315,000 -1.3% $60 / Sq Ft
04/19/2017 04/19/17 Pending -- -- --
04/14/2017 04/14/17 For Sale $319,000 +53.4% $61 / Sq Ft
03/05/2012 03/05/12 Sold $208,000 -16.8% $40 / Sq Ft
01/13/2012 01/13/12 Pending -- -- --
05/24/2011 05/24/11 For Sale $250,000 -- $48 / Sq Ft
Source: Metro Search (Greater Louisville Association of REALTORS®)

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

MLS Number: 1689358

Metro Search (Greater Louisville Association of REALTORS®)
Kentucky Jefferson County Louisville 40208 Old Louisville

1345 S 3rd St, Louisville, KY

This home is located at 1345 S 3rd St, Louisville, KY 40208 and is currently priced at $650,000, approximately $123 per square foot. This property was built in 1880. 1345 S 3rd St is a home located in Jefferson County with nearby schools including Engelhard Elementary School, Cochran 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.

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John Rendeiro
Listing Agent
John Rendeiro
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Column Realty
(502) 699-3223