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Investment Highlights

  • Up to 57 units
  • Central location near the University of Louisville and Spalding University
  • Three of four buildings recently renovated
  • Value add potential with fourth building

Executive Summary

This Old Louisville multifamily opportunity consists of up to 57 total units spread across four buildings on the same block. Three buildings have undergone a comprehensive renovation program. Capital improvements include selective demolition to enhance unit layouts, fresh exterior paint, new gutters and downspouts, and new energy efficient windows. Interior upgrades feature updated electrical systems, substantial plumbing improvements, new window air conditioning units, and ventless gas heating systems in each unit. Units also received new flooring, modern kitchens with granite, updated cabinetry, new appliance, refreshed bathrooms, and other finishes that support strong tenant demand. The fourth building has been completely gutted and is currently undergoing renovation.
The properties benefit from their proximity to major institutional demand drivers, including Spalding University immediately to the north and the University of Louisville just a few blocks to the south.
This offering provides investors with the opportunity to purchase all buildings at a discounted price-per-unit, and add value by finishing the vacant building.

Property Facts

Price $4,048,580 CAD
Price / SF $137.95 CAD / SF
Sale Type Investment
Status Active
Number of Properties 4
Individually For Sale 1
Total Building Size 29,348 SF
Total Land Area 0.82 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
1010 S 3rd St, Louisville, KY 40203 Multifamily 8,510 SF 1880 -
Isbell Apartments
1014 S 3rd St, Louisville, KY 40203
Multifamily 8,277 SF 1880 -
1018 S 3rd St, Louisville, KY 40203 Multifamily 6,399 SF 1880 $957,249 CAD
1019 S 3rd St, Louisville, KY 40203 Multifamily 6,162 SF 1890 -
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  • Listing ID: 39808505

  • Date on Market: 2026-03-17

  • Last Updated:

  • Address: Value-Add Multifamily Portfolio, Louisville, KY

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