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Bobby Pinkston

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

$ 520,000

Est. payment -/mo

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Open Sun 2PM-4PM

1314 Highland Ave Louisville, KY 40204

5 Beds

1 Bath

3,718 SqFt

Open House

Sun Jun 14, 2:00pm - 4:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,718 sqft

Price per Sqft $139

Subdivision Highlands

MLS Listing ID 1718879

Bedrooms 5

HOA Y/N No

Abv Grd Liv Area 3,718

Year Built 1900

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-Type Triplex

Source APEX MLS (Greater Louisville Association of REALTORS®)

Land Area 3718

Property Description

The Highlands does not need much of an introduction to Louisville investors. The University of Louisville, Bellarmine University, and Spalding University sit within the corridor's draw radius. Bardstown Road's restaurant and nightlife district runs parallel. Cherokee Park is blocks away. This 3,781-square-foot tri-plex is positioned inside that demand base, with the scale and architectural character that attract and hold qualified tenants. The income structure is straightforward. Two two-bedroom, one-bath units and one one-bedroom, one-bath unit combine for five bedrooms and three baths across 3,781 square feet. Two units are currently occupied, delivering cash flow at closing. The third unit represents immediate upside for an investor ready to bring it online at current market rents. Expense management is structurally favorable. Tenants pay their own electric. Landlord utility obligations are limited to water, gas, and common-area costs. Three off-street parking spaces accessed from the rear alley address one of the most consistent pain points in urban Louisville rentals and meaningfully widen the qualified applicant pool. The pet policy, up to two animals per unit with a monthly fee, generates supplemental income that compounds quietly over time. Retention-driving amenities are in place. First and second floor units have laundry hookups, a premium feature in this segment that narrows vacancy and narrows it further each lease cycle. A dedicated tenant storage area in the basement solves a friction point that competing units without it cannot. Window air conditioning units convey. Original hardwood floors and soaring ceilings throughout the building deliver a rental aesthetic that photographs well, attracts quality applicants, and produces a measurably different showing experience than a renovated box from the same era. The fenced rear yard, 3 parking spaces off the alley, and the building's Victorian presence on one of Louisville's most photographed residential streets combine to create a product that is genuinely difficult to replicate at any price point.

Location

State KY

County Jefferson

Direction Coming from Bardstown Rd, property is on the left. Coming from Barret Ave, property is on the right.

Interior

Heating Forced Air, Natural Gas

Cooling Wall/Window Unit(s)

Exterior

Exterior Feature None

View Y/N No

Roof Type Shingle

Porch Deck, Porch

Garage No

Building

Lot Description Sidewalk

Building Description Aluminum Siding, Additional Strg,Pets Allowed

Sewer Public Sewer

Water Public

Structure Type Aluminum Siding

Greater Louisville MLS (Metro Search Inc)

Listed by simpler.realestate

Bobby Pinkston

Broker | License ID: 307067

+1(502) 777-0666

Bobby Pinkston

1314 Highland Ave Louisville, KY 40204

Open House

Key Details

Location

Interior

Exterior

Building

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1314 Highland Ave