1475 S 3rd St Unit 5, Louisville, KY 40208
OLD LOUISVILLE · Jefferson County
Key Facts
Description
Located along Louisville's prestigious Millionaire's Row in the heart of Historic Old Louisville, this exceptional five-unit apartment building offers a rare opportunity to acquire a beautifully maintained, income-producing asset in one of the city's most desirable rental markets. Thoughtfully improved over many years of ownership, the property combines the timeless character of Historic Old Louisville with the modern updates today's tenants expect. Residents enjoy an exceptional location just minutes from the University of Louisville, Downtown Louisville, the Medical District, Norton Hospital, Churchill Downs, restaurants, coffee shops, parks, and entertainment. Ownership has completed extensive capital improvements, including a newer roof, exterior painting and trim, rebuilt deck, upgraded LED exterior lighting, improved common areas, electrical and plumbing upgrades, and numerous additional building system improvements. Apartment interiors have been extensively renovated with updated kitchens featuring modern cabinetry, countertops, and stainless steel appliances, renovated bathrooms, replacement windows, new furnaces and central air systems, updated flooring, fresh interior finishes, and contemporary lighting throughout. Additional improvements include insulated garage door replacement, added laundry hookups, and continued investment in the property's long-term maintenance and functionality. Whether expanding an investment portfolio or acquiring a signature property in one of Louisville's premier historic neighborhoods, 1475 S. 3rd Street offers an exceptional combination of historic character, extensive renovations, strong tenant demand, and long-term investment appeal. Investment Highlights: • Historic five-unit apartment building on prestigious Millionaire's Row • Prime location in Historic Old Louisville • Minutes from the University of Louisville, Downtown Louisville, hospitals, and major employers • Extensive capital improvements completed throughout ownership • Renovated apartment interiors with modern finishes • Electrical, plumbing, HVAC, and building system upgrades • Strong rental demand driven by proximity to UofL, the Medical District, and Downtown Louisville • Turnkey investment in one of Louisville's most sought-after historic neighborhoods
Property Information
Property Type
Residential Income
Sub-Type
Apartment
Style
Traditional
Year Built
1919
Living Area
4,786 sq ft
Lot Size
0.23 sq ft
Lot Dimensions
100X99
Parking Spaces
5
Days on Market
1
MLS® Listing#
1721583
Property Features
Exterior
Construction
Roof
Utilities
Sewer
Water Source
Financial Details
HOA
None
Parcel Number
12033B00030000
Directions
Highway to 3rd St South. Property is on the Eastside prior to Hillside St.
Affordability Calculator
$129,000
Estimated monthly payment
$3,433/mo
Principal $516,000 · Est. interest $719,866 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Louisville, KY
- $299,715
- Median Listing Price
- 40
- Median Days on Market
- 1,725
- Median Sq Ft
- $164
- Median Price / Sq Ft
- 2,130
- Active Listings
- This home’s price is 115% above the area median.
- Its price per sq ft is 18% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Louisville, KY.
Location
Points of Interest in Louisville, KY
Showing the Louisville area map.
Nearby Schools
Youth Performing Arts School
Secondary · 0.2 mi away
Noe Middle School
Secondary · 0.2 mi away
Cochran Elementary School
Elementary · 0.3 mi away
Shelby Traditional Academy
School · 0.8 mi away
Engelhard Elementary School
Elementary · 0.9 mi away
McFerran Preparatory Academy
School · 0.9 mi away
Western Day Treatment
Elementary · 0.9 mi away
Magnolia Montessori
Elementary · 0.9 mi away
Male High School
Secondary · 1.1 mi away
JCPS Eschool
School · 1.1 mi away
Dawson Orman Education Center
School · 1.1 mi away
Jefferson County High School
Secondary · 1.1 mi away
Presentation Academy
School · 1.1 mi away
Village School of Louisville
Elementary · 1.2 mi away
St Francis High School
Secondary · 1.4 mi away
Churchill Park School
School · 1.5 mi away
Phillis Wheatley Elementary School
Elementary · 1.5 mi away
Ackerly
Secondary · 1.6 mi away
Ahrens Educational Resource Center
Secondary · 1.6 mi away
St Therese Catholic Church
School · 1.6 mi away
Commute Calculator
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|---|---|---|---|---|
| 3105 Springfield Dr, Louisville, KY | $460,000 | 12 | 6 | 5,145 |
| 3109 Springfield Dr, Louisville, KY | $460,000 | 12 | 6 | 5,145 |
| 1525 Anderson St, Louisville, KY | $485,000 | 15 | 15 | 6,870 |
| 3217 Fordhaven Rd, Louisville, KY | $500,000 | 12 | 1 | 5,270 |
| 6506 Hackel Dr, Louisville, KY | $510,000 | 12 | 6 | 3,430 |
| 1518 W Oak St, Louisville, KY | $589,000 | 18 | 6 | 4,800 |
Moving Cost Estimate
EXIT Agents in Louisville
Listing Courtesy: BERKSHIRE HATHAWAY HomeServices, Parks & Weisberg Realtors - 5028973321