2307 W Chestnut St Louisville, KY 40211
Russell NeighborhoodEstimated payment $4,456/month
Highlights
- No HOA
- Cooling System Mounted To A Wall/Window
- 3 Car Garage
- Greathouse Shryock Traditional Elementary School Rated A-
- Forced Air Heating and Cooling System
About This Home
Scoop up this Fully Leased, 9-Unit Residential Portfolio that exceeds the 1% Rule. Attractively priced under $89k/unit, this package includes 7 SFHs, 1 Duplex and a Vacant Lot. This value-add investment opportunity comes with mostly long-term, M2M tenants at below-market rental rates that provides another investor with a strong basis to incrementally increase rents. Individually combined, these properties are worth an estimated $950k-$1M thus providing instant equity.
This reasonable entry-point provides a solid foundation with stable returns to build upon, regardless if you're a seasoned investor or just entering the market. Don't miss out on this rare chance to acquire a fully rented, income-producing portfolio in a growing market. The 9 doors generate ~$8,381/month: 6216 Hackberry Way: $1,175/mo - tenant M2M since 2008 (3 Bed, 1 Bath, 925 sqft w/ newer roof, cabinets, flooring
2307 W Chestnut St (DUPLEX): $1,689/mo ($989 1st floor section 8; $700 2nd floor)
1414 S Floyd St: $897/mo (Sec 8) - tenant M2M since 2005 (2 Bed, 1 Bath, 810 sqft w/ no central HVAC)
1786 W Gaulbert St: $825/mo - tenant M2M (2 Bed, 1 Bath, 927 sqft w/ newer carpet, updated bath + kitchen, central HVAC, replacement windows)
2107 W Kentucky St: $895/mo (Sec 8) - tenant M2M since 2013 (3 Bed, 1.5 Bath, 1,422 sqft w/ newer roof, central HVAC, 1.5 car garage)
1826 W Hill St: $750/mo - tenant M2M since 1987 (4 Bed, 1 Bath, 1,608 sqft w/ older roof, no central HVAC)
2711 W Market St : $1,350/mo - tenant M2M (4 Bed, 2 Bath, 2,018 sqft w/ space to add 2 more bedrooms upstairs, 2 Car Garage, central HVAC, 2 car garage)
2723 Saint Xavier St: $900/mo - tenant M2M since 2021 (4 Bed, 1 Bath, 1,480 sqft w/ central HVAC, older roof) corner lot that includes 2725 Saint Xavier St (.07 acres)
Owner would entertain selling properties into smaller packages. Most homes have newer windows, some roofs replaced and some have granite countertops. The owner has done a nice job keeping the majority of the homes in average or better condition, and addressing issues when they arise. Scoop up this package today to build your portfolio! Please do not approach properties or contact tenants. Buyer to verify any and all information including but not limited to lot size, square footage, structural, utilities, zoning, comparables, # of beds, # of baths, etc
Co-Listing Agent
HundleyWilliams Team
RE/MAX Premier Properties License #214907
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $1,272
Year Built
- Built in 1890
Lot Details
- Lot Dimensions are 32.8x161
Parking
- 3 Car Garage
Home Design
- 11,866 Sq Ft Home
- Brick Exterior Construction
- Shingle Roof
- Vinyl Siding
Bedrooms and Bathrooms
- 26 Bedrooms
- 11 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Additional Features
- Basement
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 02001C00980000
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,272 | $99,030 | $5,550 | $93,480 |
| 2023 | $1,329 | $99,030 | $5,550 | $93,480 |
| 2022 | $784 | $57,660 | $5,000 | $52,660 |
| 2021 | $836 | $57,660 | $5,000 | $52,660 |
| 2020 | $792 | $57,660 | $5,000 | $52,660 |
| 2019 | $774 | $57,660 | $5,000 | $52,660 |
| 2018 | $678 | $51,210 | $5,000 | $46,210 |
| 2017 | $667 | $51,210 | $5,000 | $46,210 |
| 2013 | $512 | $51,210 | $5,000 | $46,210 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/20/2025 07/20/25 | Price Changed | $799,900 | -6.4% | $67 / Sq Ft |
| 05/27/2025 05/27/25 | For Sale | $855,000 | -- | $72 / Sq Ft |
Source: Metro Search (Greater Louisville Association of REALTORS®)
MLS Number: 1687905
APN: 001C00980000
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.
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