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Listed price in listed location currency (USD).
$697,500

000

MLS® 1706166

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 5788 sqft
Garage No
Maintenance Fees 
Taxes 
Days Active 2
Approx. Age 1880
Avg. Price Per Sqft $120
MLS® Number 1706166

Property Address: 1018 S 3rd St, Louisville, KY, 40203-2943

Average square foot calculated using Size range provided by listing agent.

Description

This fully renovated 10-unit multifamily asset is located in the heart of historic Old Louisville, a proven and stable rental submarket. The property benefits from its proximity to major institutional demand drivers, including Spalding University immediately to the north and the University of Louisville just a few blocks to the south. The property consists of 10 efficiency units and has recently undergone a comprehensive renovation program. Capital improvements included selective demolition to enhance unit layouts, fresh exterior paint, new gutters and downspouts, and new energy-efficient windows. Interior upgrades feature updated electrical systems, substantial plumbing improvements, new window air conditioning units, and ventless gas heating systems that adequately service each unit. Each unit was fully renovated with new flooring, modern kitchens with granite countertops, updated cabinetry, new appliances, refreshed bathrooms, new paint, and upgraded trim, resulting in a cohesive, contemporary finish package that supports strong tenant demand. This offering provides investors with the opportunity to acquire a 100% occupied, turnkey multifamily asset with recent capital investment completed, minimizing near-term maintenance needs. Positioned within a mature, institutionally supported submarket, the property offers stable cash flow with long-term upside driven by continued rental demand in Old Louisville
MLS® Number1706166
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1880
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 4, 2026List Date
$697,500List Price
  • Commute

Commute

Starting Address
Destination Address
1018 S 3 Rd St, Louisville, KY

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