Log In/Sign Up
Your email has been sent.
1455 S 3rd St 16 Unit Apartment Building $1,475,000 ($92,188/Unit) 7.60% Cap Rate Louisville, KY 40208
Investment Highlights
- Prime Old Louisville location near UofL, Cardinal Towne, Downtown, and Churchill Downs with quick I-65 access.
- Recent upgrades include refinished hardwood floors, updated double-pane windows, modern panel boxes, and furnaces.
- Long-term ownership and self-managed property with consistent occupancy and excellent rent growth opportunity.
- Strong unit mix featuring 14 one-bedroom apartments and 2 studios, all individually metered for tenant-paid utilities.
- Recent upgrades include refinished hardwood floors, updated double-pane windows, modern panel boxes, and furnaces.
Executive Summary
16 Unit “Old Louisville” - Trophy Asset - Investment Opportunity!!
Refinished hardwood floors, long-term ownership / self-managed. The building consists of: 14 (1 bedroom - 1 bath apartments) & 2 (Studio apartments). All 16 units are individually metered, tenants pay all utilities, updated double pane windows, window units, updated panel boxes and furnaces. Very large basement with laundry hook-ups & 16 storage lockers for additional revenue possibilities.
This building has a desirable location – excellent for your UofL student. The building is located in the heart of Old Louisville, close to UofL Cardinal Towne, minutes to Churchill Downs, Downtown and easy convenient access to I-65. Excellent opportunity for higher rent revenue. Any questions contact listing agent.
• Roof ~ 12 years
• Refinished hardwood floors
• Updated double pane windows
• 16 Separate water heaters
• 16 Separate furnaces, window units
• 16 Storage unit spaces in basement
• Laundry hookups in basement
• Water bill prorated back to tenants
• Self-managed property
• Tenants pay electric/gas
• Apt types: (14 - 1 bed, 2 – studios)
Refinished hardwood floors, long-term ownership / self-managed. The building consists of: 14 (1 bedroom - 1 bath apartments) & 2 (Studio apartments). All 16 units are individually metered, tenants pay all utilities, updated double pane windows, window units, updated panel boxes and furnaces. Very large basement with laundry hook-ups & 16 storage lockers for additional revenue possibilities.
This building has a desirable location – excellent for your UofL student. The building is located in the heart of Old Louisville, close to UofL Cardinal Towne, minutes to Churchill Downs, Downtown and easy convenient access to I-65. Excellent opportunity for higher rent revenue. Any questions contact listing agent.
• Roof ~ 12 years
• Refinished hardwood floors
• Updated double pane windows
• 16 Separate water heaters
• 16 Separate furnaces, window units
• 16 Storage unit spaces in basement
• Laundry hookups in basement
• Water bill prorated back to tenants
• Self-managed property
• Tenants pay electric/gas
• Apt types: (14 - 1 bed, 2 – studios)
Property Facts
| Price | $1,475,000 | Building Class | C |
| Price Per Unit | $92,188 | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 11,184 SF |
| Cap Rate | 7.60% | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1947 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Multi Family - TNZD | ||
| Price | $1,475,000 |
| Price Per Unit | $92,188 |
| Sale Type | Investment |
| Cap Rate | 7.60% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 11,184 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1947 |
| Parking Ratio | 1/1,000 SF |
| Zoning | Multi Family - TNZD |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 14 | - | - |
1 1
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (85)
Property Taxes
| Parcel Number | 033B02100000 | Improvements Assessment | $799,420 |
| Land Assessment | $100,000 | Total Assessment | $899,420 |
Property Taxes
Parcel Number
033B02100000
Land Assessment
$100,000
Improvements Assessment
$799,420
Total Assessment
$899,420
1 of 35
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1455 S 3rd St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.