This 12-unit multifamily property in Louisville’s renowned Old Louisville neighborhood offers investors a rare combination of historic appeal and long-term operational stability. The building features an appealing mix of two-bedroom, one-bedroom, and studio units, each individually metered to minimize landlord expenses. Recent upgrades, including a 2025 carriage house roof replacement, a newly paved parking lot, and refinished hardwood floors, bolster property value and tenant satisfaction.
The asset includes seven dedicated parking spaces, a two-car garage, and an unfinished basement for storage, providing added utility and convenience. Individual HVAC systems and prorated water billing enhance efficiency across all units. Its location near the University of Louisville, Cardinal Towne, and downtown Louisville ensures consistent rental demand from students and professionals. Proximity to Churchill Downs and I-65 further strengthens accessibility and desirability for tenants. This property offers dependable income potential and positions investors to capitalize in a steadily performing market.