1509 S 3rd St Louisville, KY 40208
Old Louisville NeighborhoodEstimated payment $3,481/month
Highlights
- Deck
- No HOA
- Cooling System Mounted To A Wall/Window
- Traditional Architecture
- Porch
- 4-minute walk to Magnolia Park
About This Home
Discover a rare multifamily investment opportunity in the heart of Old Louisville on the prestigious ''Millionaire's Row,'' just steps from the University of Louisville campus. This grand Victorian-era quadplex blends historic charm with solid rental income potential. A welcoming covered porch and ornate entry hall lead into four spacious units, three of which have been recently renovated. One unit stands out with 4 bedrooms and 2 bathrooms, making it ideal for an owner-occupant seeking to offset living costs or for attracting premium rent.
Tenants are responsible for all utilities, including water, helping to streamline operating expenses. A fenced rear yard offers privacy, while a 3-car garage accessible via the alley provides additional income potential or valuable off-street parking. The building is equipped with two furnaces and one shared water heater, with laundry facilities conveniently located in the basement for all residents. This property presents an excellent opportunity for investors or owner-occupants alike to secure a piece of one of Louisville's most iconic neighborhoods.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1906
Lot Details
- Lot Dimensions are 35 x 185
Parking
- 3 Car Garage
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Shingle Roof
- Stone Siding
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Bathrooms
Outdoor Features
- Deck
- Porch
Utilities
- Cooling System Mounted To A Wall/Window
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Additional Features
- Basement
Listing and Financial Details
- The owner pays for trash collection
- Legal Lot and Block D0070 / 033
- Assessor Parcel Number 12033D00700000
Community Details
Overview
- No Home Owners Association
- Old Louisville Subdivision
Amenities
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/24/2025 04/24/25 | For Sale | $550,000 | +38.2% | $125 / Sq Ft |
| 10/13/2021 10/13/21 | Sold | $398,000 | -10.6% | $91 / Sq Ft |
| 09/24/2021 09/24/21 | Pending | -- | -- | -- |
| 09/15/2021 09/15/21 | For Sale | $445,000 | +45.9% | $101 / Sq Ft |
| 10/25/2013 10/25/13 | Sold | $305,000 | -7.3% | $69 / Sq Ft |
| 09/23/2013 09/23/13 | Pending | -- | -- | -- |
| 07/03/2013 07/03/13 | For Sale | $329,000 | -- | $75 / Sq Ft |
Source: Metro Search (Greater Louisville Association of REALTORS®)
MLS Number: 1685255
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