Address
1321 S 1st St, Louisville, KY
Price
$ 394,000
Property Attributes
  • MLS#1726774
  • TypeMulti-Family
  • Listing Status Active
  • CountyJefferson
  • CityLouisville
  • AreaDtwn Old Louisville-Shively-West Lou
  • NeighborhoodOLD LOUISVILLE
  • Zip40208
  • StyleTraditional
  • Year Built1890
  • Price$ 394,000
  • Bedrooms5
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage3510
Data Source:
Metro Search, Inc.
Property Description

Attention investors or owner occupants. This 3500 Sq. Ft. circa 1900 Victorian was converted into 4 apartments likely back in the 1950's. The current owner purchased the property in 2011 which needed a full gut and rehab, and that's exactly what they did, from new plumbing, electrical, kitchens & bathrooms were renovated to create very nice units. This is a great block of 1st St. that is primarily single-family homes and condos. #1, the 1st floor unit is 1200 Sq. Ft. with 2 bedrooms, living room, kitchen, full bath and is currently rented for $985.00. The 2nd floor has 2 units, Unit #2 is a studio and is rented for $650, Unit #3 is a spacious 1 bedroom & rented for $825. #4 is on the 3rd floor with 1035 Sq. Ft. with 2 bedrooms, a large living room and kitchen along with laundry hook-ups rented at $995. There is a separate laundry room on the back of the home for the tenants. There is an older frame 2-car garage with 722 Sq. Ft. at the rear of the property with 2 doors and tons of storage. Garage space has been rented in the past. The current management company uses the RUBS (Ration Utility Billing System) to collect utility expenses.

Price History
8/20/2026 Listed $394,000

General Features

Heating Forced Air,Natural Gas
Cooling Central Air
Utilities Electricity Connected,Fuel:Natural
Roof Composition
Garage Spaces 2
Architectural Style Traditional
Construction Materials Wood Frame,Brick,Stone
Year Built 1890
Tenant Pays Cable TV,Electricity,Gas,Sewer,Water,See Remarks
Property Subtype Quadruplex
County Jefferson
Property Type Multi Family
HOA false
Subdivision Name OLD LOUISVILLE
Garage Y/N true
Other Structures Outbuilding
Status Active
Directions I-65 - EXIT ST. CATHERINE - LEFT ON 1ST TO HOUSE (BETWEEN MAGNOLIA AND BURNETT
City Louisville
Number Of Units Total 4
MLS Area 01-Dtwn Old Louisville/Shively/West Lou
MLS Area Minor 01-Dtwn Old Louisville/Shively/West Lou
Standard Status Active
Tax Lot 0065

Interior Features

Air Conditioning Y/N true
Heating Y/N true
Above Grade Finished Area 3510
Total Bedrooms 5
Total Baths 4

Exterior Features

Exterior Amenities None
Lot Features Sidewalk
Water Source Public
Building Area Total 3510
Lot Dimensions 35.25X200

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 40208

Price
AVG $470K
$390K
Year Built
AVG 1920
1890

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