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1251 S Brook St
Louisville, KY 40203
Brook Street Apartments · Multifamily Property For Sale
·
38 Units
Investment Highlights
- 38 units: 4 two BR; 2 three BR; 31 One BR; 1 studio
- Transition in process to tenant-paid gas and electric
- Significant upgrades including primary roof replacement in 2025
- Heat pump/central AC
- Fully renovated in 2014
Executive Summary
Located in the heart of historic Old Louisville, this architecturally distinctive asset offers a rare opportunity to acquire an investment in one of the city’s most character-rich submarkets. The property offers both stable in-place income and future upside potential. The asset underwent a comprehensive renovation in 2014, and significant capital improvements include a majority roof replacement completed in 2025.
The property features a state-of-the-art access control system, enhancing resident security while preserving the private courtyard setting. Landlord is in the process of transitioning to a tenant-paid utility structure, which will enhance operational efficiency and minimize landlord overhead. Unit interiors are thoughtfully equipped with modern conveniences, including dishwashers and washer/dryer hookups, aligning with renter expectations in today’s market.
With renovations completed recently, this offering represents a rare scale opportunity in Old Louisville—an area typically characterized by smaller, fragmented assets—making it especially attractive for investors seeking operational efficiencies and long-term growth potential.
The property features a state-of-the-art access control system, enhancing resident security while preserving the private courtyard setting. Landlord is in the process of transitioning to a tenant-paid utility structure, which will enhance operational efficiency and minimize landlord overhead. Unit interiors are thoughtfully equipped with modern conveniences, including dishwashers and washer/dryer hookups, aligning with renter expectations in today’s market.
With renovations completed recently, this offering represents a rare scale opportunity in Old Louisville—an area typically characterized by smaller, fragmented assets—making it especially attractive for investors seeking operational efficiencies and long-term growth potential.
Property Facts
| Price Per Unit | $97,796 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.68 AC |
| No. Units | 38 | Building Size | 35,000 SF |
| Property Type | Multifamily | Average Occupancy | 3% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1930/2025 |
| Zoning | TNZD-TRADI | ||
| Price Per Unit | $97,796 CAD |
| Sale Type | Investment |
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.68 AC |
| Building Size | 35,000 SF |
| Average Occupancy | 3% |
| No. Stories | 2 |
| Year Built/Renovated | 1930/2025 |
| Zoning | TNZD-TRADI |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Tenant Controlled HVAC
- Walking/Biking Trails
- Maintenance on site
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 30 | - | 500 |
| 3+1 | 8 | - | 800 |
Property Taxes
| Parcel Number | 032C00130000 | Improvements Assessment | $2,478,424 CAD |
| Land Assessment | $68,947 CAD | Total Assessment | $2,547,371 CAD |
Property Taxes
Parcel Number
032C00130000
Land Assessment
$68,947 CAD
Improvements Assessment
$2,478,424 CAD
Total Assessment
$2,547,371 CAD
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