$875,000
 $4,968 est/mo Sourced by Back At You
Source MLS Verified

1514 S 3rd St,Louisville, KY 40208

Louisville, KY 40208

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Description

Great Old Louisville Investment offering over 6000 Sq. Ft with 10 rental units all under one roof. Excellent location just 2 blocks from University of Louisville situated on what is known as "Millionaires Row" with stunning exterior architecture. Unlike some, this one still has lots of original "old world charm" with beautiful entry foyer and the grand sweeping staircase, beautiful oak flooring with inlays and numerous original fireplace mantels. There is also off-Street parking for 3 cars off the rear alley. Currently fully rented with $7435 in monthly income and potential to raise rents. There is a large 2 bedroom/2 bath, 4-one bedrooms and 5 studio style apartments. This building is not separately metered; however, the management company uses the ratio utility billing system to recoup the utility expenses from tenants. In 2025 the tenants paid $15,494.00, covering all the utility expenses. This property has a great rental history and is easy to keep fully occupied. See attached rent roll and P&L in documents. First showings will be on Monday, 3/16/26 from 4 - 6 PM. Call your agent or call me to schedule a time in the mentioned window.

Details

MLS #1716550
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1890
Days On Site108
Listing Provided ByRE/MAX Results | Michael Mawood

Features

Bed(s)11
Bath(s)11
SQ Feet6,016
BasementY
Units10
Acreage0.00

Area Information

StateKY
CountyJefferson
CityLouisville
Zip Code40208
Area01 Dtwn Old Louisville | Shively | West Lou
Community NameOLD LOUISVILLE
Listing VS Median (in OLD LOUISVILLE)
Price:
$875,000
low | high
Med:
$394,500
100% of Average
sqft:
6,016
low | high
Med:
3,014
99.90857712766% of Average
$ / sqft:
$145
low | high
Med:
$135
57.46237999673% of Average
On site:
108
low | high
Med:
9.5
100% of Average
Sourced by Back At You

Market Activity 40208

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Learn More About This Property

StateKY
CountyJefferson
CityLouisville
Zip Code40208
Area01 Dtwn Old Louisville | Shively | West Lou
Community NameOLD LOUISVILLE
Listing VS Median (in OLD LOUISVILLE)
Price:
$875,000
low | high
Med:
$394,500
100% of Average
sqft:
6,016
low | high
Med:
3,014
99.90857712766% of Average
$ / sqft:
$145
low | high
Med:
$135
57.46237999673% of Average
On site:
108
low | high
Med:
9.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $656K - $1.93M
sqft: 4,500 - 7,500
Nearby Listings Property ImageNearby Listings Details
1475 S 3rd St Property Photo 1
$599,000
1475 S 3rd St
Louisville, KY 40208
Listing Updated: July 27, 2026 at 5:31:44 PM PDT