REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Bobby Pinkston

bobby@buyitwithbobby.com +1(502) 777-0666

$ 380,000

Est. payment -/mo

Save

New

1014 Schiller Ave Louisville, KY 40204

5 Beds

3 Baths

2,311 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,311 sqft

Price per Sqft $164

Subdivision Germantown

MLS Listing ID 1714944

Style Other

Bedrooms 5

HOA Y/N No

Abv Grd Liv Area 2,311

Year Built 1900

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type Triplex

Source APEX MLS (Greater Louisville Association of REALTORS®)

Land Area 2311

Property Description

Germantown - Commercial corner, ZONING leaves options! Successful STR neighbor! Close to Louisville's most beloved restaurants, coffee shops, and local hotspots, 1139 E St. Catherine Street, combined with 1014 & 1016 Schiller Avenue, presents an investment opportunity in one of the city's strongest rental corridors. Held by the same owner for over 20 years, this 3 plex blends historic charm with proven performance. With three separately metered units, in-unit laundry in every unit, and a newer roof plus HVAC updates in the longest-standing apartment, this property is both stable and packed with value-add upside. Two updated units within the past 10yrs are recently vacant and freshly painted. Owner can place tenants or sell vacant, if owner occupied | house hack is desired. Rents have been well below today's Germantown market rates, and one long-term tenant of 20 years is still occupying the property. At stabilization, projected market rents of $1,200-$1,350 per unit and support estimated property values between $440,000 and $500,000+, depending on finishes and cap rate targets. With strong walkability, excellent visibility, and flexible use potential including mixed-use, short-term rentals, or redevelopment into modern urban row-style townhomes, this property is primed for growth and opportunity. This is one of the rare Germantown multifamily assets offering both current cash flow and meaningful future upside. Full Rent Roll and Pro Forma Financials available upon request.

Location

State KY

County Jefferson

Direction Grinstead Drive across Bardstown Rd to Germantown. Continue straight, Take a Right on Schiller Avenue - this property is the entire corner of E St Catherine and Schiller Ave

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Exterior

Exterior Feature None

View Y/N No

Roof Type Shingle

Garage No

Building

Lot Description Corner Lot, Sidewalk

Sewer Public Sewer

Water Public

Architectural Style Other

Structure Type Vinyl Siding,Wood Frame,Brick Veneer

Greater Louisville MLS (Metro Search Inc)

Listed by EXP Realty LLC

Bobby Pinkston

Broker | License ID: 307067

+1(502) 777-0666

Bobby Pinkston

1014 Schiller Ave Louisville, KY 40204

Key Details

Location

Interior

Exterior

Building

GET MORE INFORMATION

Go tour this home

1014 Schiller Ave