312 E Ormsby Ave Louisville, KY 40203
Old Louisville NeighborhoodEstimated payment $3,469/month
Highlights
- Deck
- No HOA
- Heating Available
- Engelhard Elementary School Rated 9+
- Porch
About This Home
Rare new construction quadplex opportunity with built-in upside. This to-be-built property will feature four well-designed units, each offering 2 bedrooms, 1 bathroom, and approximately 796 square feet of efficient living space—ideal for maximizing rental income and tenant appeal. Each unit will be thoughtfully laid out to provide comfortable living, low maintenance, and strong long-term performance. With new construction, investors can benefit from reduced capital expenditures and modern systems from day one. An additional value-add opportunity may exist with the potential for an accessory dwelling unit (ADU) at the rear of the property. Plans are currently in the approval process for a proposed 3-bedroom, 1.5-bath residence; however, construction of the ADU is subject to final approv by the appropriate governing authorities. Pro forma projections indicate a 7% cap rate, making this an attractive option for investors seeking both stability and future growth.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2026
Home Design
- 3,184 Sq Ft Home
- Quadruplex
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Outdoor Features
- Deck
- Porch
Additional Features
- Lot Dimensions are 40.5x226
- Heating Available
Community Details
- No Home Owners Association
- Old Louisville Subdivision
Listing and Financial Details
- Legal Lot and Block 0115 / 032G
- Assessor Parcel Number 08032G01150000
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 |
|---|---|---|---|---|
| 2025 | $857 | $68,000 | $40,000 | $28,000 |
| 2024 | $873 | $68,000 | $40,000 | $28,000 |
| 2023 | $913 | $68,000 | $40,000 | $28,000 |
| 2022 | $925 | $216,300 | $40,000 | $176,300 |
| 2021 | $3,135 | $216,300 | $40,000 | $176,300 |
| 2020 | $2,972 | $216,300 | $40,000 | $176,300 |
| 2019 | $2,902 | $216,300 | $40,000 | $176,300 |
| 2018 | $2,128 | $160,670 | $20,000 | $140,670 |
| 2017 | $2,094 | $160,670 | $20,000 | $140,670 |
| 2013 | $1,787 | $178,680 | $43,020 | $135,660 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/21/2026 04/21/26 | For Sale | $637,143 | +1174.3% | $200 / Sq Ft | |
| 01/21/2026 01/21/26 | Sold | $50,000 | -23.1% | $21 / Sq Ft | View Prior Sale |
| 11/15/2025 11/15/25 | Pending | -- | -- | -- | |
| 11/14/2025 11/14/25 | Price Changed | $65,000 | -18.8% | $27 / Sq Ft | |
| 04/03/2025 04/03/25 | Price Changed | $80,000 | -11.1% | $33 / Sq Ft | |
| 03/11/2025 03/11/25 | For Sale | $90,000 | +32.4% | $38 / Sq Ft | |
| 07/27/2021 07/27/21 | Sold | $68,000 | 0.0% | $28 / Sq Ft | View Prior Sale |
| 07/06/2021 07/06/21 | Pending | -- | -- | -- | |
| 06/22/2021 06/22/21 | For Sale | $68,000 | -- | $28 / Sq Ft |
Source: Metro Search, Inc.
MLS Number: 1715037
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IDX listing data provided by Multiple Listing Service, Inc. Information is supplied by the seller and other third parties and has not been verified.
Based on information submitted to the MLS GRID
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