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1224 Cherokee Rd
Louisville, KY 40204
Appleton · Multifamily Property For Sale · 6 Units

Executive Summary

PRIME REAL ESTATE ALERT: Six massive, built-as units on Cherokee Road in the coveted Cherokee Triangle! The Appleton Apartments offer an incredibly rare, generational acquisition opportunity in one of the city's highest-appreciating sub-markets.Value-Add Potential: Four vacant on-site garages ready to rent for instant upside.Premium Layouts: Huge 2BR/1BA and 3BR/1BA units packed with historic charm. Low Owner Expenses: Separately metered for LG&E.Tenant Amenities: Rear egress to a shared back yard, plus select in-unit laundry hookups. Turnkey potential for institutional portfolios or private wealth builders. Act fast—this sub-market rarely opens up!

Property Facts

Price Per Unit $166,667
Sale Type Investment
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.03 AC
Building Size 8,550 SF
No. Stories 3
Year Built 1950
Parking Ratio 0.82/1,000 SF
Cross Streets Longest Ave
Zoning R7-RESIDEN - Residential MultiFamily District

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+0 6 - -

Property Taxes

Property Taxes

Parcel Number
075E01280000
Land Assessment
$48,320
Improvements Assessment
$0
Total Assessment
$48,320
  • Listing ID: 40941848

  • Date on Market: 6/16/2026

  • Last Updated:

  • Address: 1224 Cherokee Rd, Louisville, KY 40204

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