$450,000
SOLD MAR 6, 2025
-- Bed
-- Bath
3,106 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$145 Per Sq Ft

5% Below List Price

48 Days on Market

Highlights

  • Popular Property
  • Cape Cod Architecture
  • Porch
  • Meyzeek Middle School Rated A-
  • No HOA
  • 4-minute walk to Shelby Park Community Center

About This Home

As of March 2025

Turnkey Investment Opportunity in Shelby Park - Quadplex with Diverse Rental Income. Don't miss this chance to own a fully operational rental property in the highly desirable Shelby Park neighborhood. This quadplex offers a unique blend of steady long-term rental income and the potential for lucrative short-term rental earnings.All four units have been thoughtfully remodeled, featuring updated kitchens, bathrooms, flooring, lighting, and fresh paint. Here's what this property offers:Two Long-Term Rental Units: A studio and a two-bedroom unit, currently generating $2,000/month in reliable income. Both tenants are on month-to-month leases and pay their own electricity, while the owner covers water.Two Short-Term Rental Units: A one-bedroom and a two-bedroom unit, perfect for Airbnb or other short-term rental platforms. These units can be rented individually or together, offering flexible income opportunities. With C2 zoning, the possibilities are endlessconvert all units to short-term rentals, maintain the current mix, or explore other creative uses. Other highlights: Separately metered units. Ideal for investors or house hackers looking to offset living costs with rental income. Prime location near downtown Louisville, the Convention Center, UofL, parks, and a variety of popular bars and restaurants, ensuring strong demand and high occupancy rates. This property offers the perfect combination of stability and potential, making it a valuable addition to any portfolio. Please note: Long-term rental units will only be shown to serious buyers, and Airbnb units are often booked on weekends, so weekday showings with notice are preferred. Opportunities like this don't last longschedule your showing today!

Last Agent to Sell the Property

Christina Neubauer

Homepage Realty License #266761 Listed on: 12/04/2024

Homepage Realty

Last Buyer's Agent

Sara Boyle

Totally About Houses License #285157

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Home Design

  • Cape Cod Architecture
  • Flat Roof Shape
  • Shingle Roof
  • Vinyl Siding

Outdoor Features

  • Porch

Utilities

  • Central Air
  • Heating Available

Additional Features

  • Basement

Community Details

  • No Home Owners Association
  • Butchertown Subdivision

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water
  • Legal Lot and Block 0039 / 023A
  • Assessor Parcel Number 09023A00390000
  • Seller Concessions Not Offered

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Cooling System: Ductless, Central Air
  • Lot Dimensions: .12 Acres
  • Property Sub Type: Quadruplex
  • Property Type: Multi Family
  • Garage Yn: No
  • Subdivision Name: BUTCHERTOWN
  • Above Grade Finished Sq Ft: 1776.0
  • Architectural Style: Cape Cod
  • ResoBuildingAreaSource: Appraiser
  • Utilities Electricity Connected: Yes
  • Roof:Shingle: Yes
  • Cooling Central Air: Yes
  • Owner Pays:Trash Removal: Yes
  • Construction:Wood Frame: Yes
  • Water and Sewer:City Sewer: Yes
  • Architectural Style Cape Cod: Yes
  • Cooling Ductless: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement YN: Yes
  • Below Grade Sq Ft: 1330.0

Exterior Features

  • Roof: Flat, Shingle
  • Acres: 0.12
  • Construction Type: Vinyl Siding, Wood Frame
  • Patio And Porch Features: Porch
  • ConstructionSiding:Roof Flat: Yes
  • Construction:Vinyl Siding: Yes
  • Patio and Porch Features:Porch: Yes

Utilities

  • Utilities: Electricity Connected
  • Cooling Y N: Yes
  • Heating: Electric
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 5230.0
  • ResoLotSizeUnits: Square Feet
  • Parcel #: 09023A00390000
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Owner Pays: Trash Collection, Water, See Remarks
  • Tenant Pays: Electricity

Building Info

  • Year Built: 1966

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Block: 023A
  • Tax Lot: 0039

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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
07/03/2025 07/03/25 For Sale $475,000 +5.6% $153 / Sq Ft
03/06/2025 03/06/25 Sold $450,000 -5.3% $145 / Sq Ft
01/21/2025 01/21/25 Pending -- -- --
12/04/2024 12/04/24 For Sale $475,000 +850.0% $153 / Sq Ft
03/31/2017 03/31/17 Sold $50,000 +2.0% $30 / Sq Ft
03/17/2017 03/17/17 Pending -- -- --
03/07/2017 03/07/17 For Sale $49,000 -14.8% $30 / Sq Ft
03/25/2013 03/25/13 Sold $57,500 -25.8% $28 / Sq Ft
03/19/2013 03/19/13 Pending -- -- --
04/16/2012 04/16/12 For Sale $77,500 -- $38 / Sq Ft
Source: Metro Search (Greater Louisville Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 1675999

Metro Search (Greater Louisville Association of REALTORS®)