Address
1240 S 1st St, Louisville, KY
Price
$ 700,000
Property Attributes
- MLS#1727957
- TypeMulti-Family
- Listing Status Active
- CountyJefferson
- CityLouisville
- AreaDtwn Old Louisville-Shively-West Lou
- NeighborhoodOLD LOUISVILLE
- Zip40203
- StyleTraditional
- Year Built1897
- Price$ 700,000
- Bedrooms6
- Full Bathrooms5
- Half Bathrooms0
- Sqr Footage4958
- Lot Size0.16 Acres
Data Source:
Metro Search, Inc.
Property Description
Awesome Old Louisville 5-unit building with Mid-term rentals located on South First St. Stunning and remarkable renovation that offers 5 Derby themed furnished spaces and is currently bringing in $7,995 per month in rents. 4 one-bedroom units and one spacious 2-bedroom unit. Each unit offers an all-in-one washer/dryer unit for resident convenience. Each unit has fully equipped kitchens (pots, pans, cutlery, dishware, etc.) with stoves, dishwashers, microwaves & refrigerators and all small kitchen appliances. All furniture, bedding, linens, towels, etc.) will remain. Lots of original oak hardwood flooring, original fireplace mantels, some claw foot tubs, all bedrooms have black out blinds in them. Most of the residents are traveling nurses who generally stay for 3 - 6 months. The building went through a full restoration/renovation in 2023 that included updating electrical, plumbing, 5 HVAC systems, new hanging gutters, downspouts & box gutters reworked. All kitchens and baths were thoughtfully renovated at this time as well. Each unit is separately metered for gas & electric (however the current owners pay all utilities and internet as a convenience to the residents). Parking is not an issue here, the 35' X 200' lot provides parking for up to 8 vehicles. Water, sewer, gas and electric average around $1060 per month. The owners also provide Internet access to all units, which is $115 per month.
| Price History | |
|---|---|
| 9/2/2026 | Listed $700,000 |
General Features
| Heating | Forced Air,Natural Gas |
|---|---|
| Cooling | Central Air |
| Utilities | Electricity Connected,Fuel:Natural |
| Roof | Asphalt,Shingle |
| Architectural Style | Traditional |
| Construction Materials | Wood Frame,Brick,Stone |
| Year Built | 1897 |
| Property Subtype | Apartment |
| OwnerPays | Trash Collection,Electricity,Gas,Sewer,Water,See Remarks |
| County | Jefferson |
| Property Type | Multi Family |
| HOA | false |
| Subdivision Name | OLD LOUISVILLE |
| Garage Y/N | false |
| Status | Active |
| Directions | I-65 North - exit St. Catherine left on 1st Street to house |
| City | Louisville |
| Number Of Units Total | 5 |
| MLS Area | 01-Dtwn Old Louisville/Shively/West Lou |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 6970 |
| MLS Area Minor | 01-Dtwn Old Louisville/Shively/West Lou |
| Standard Status | Active |
| Tax Lot | 0061 |
Interior Features
| Air Conditioning Y/N | true |
|---|---|
| Heating Y/N | true |
| Above Grade Finished Area | 4958 |
| Total Bedrooms | 6 |
| Total Baths | 5 |
Exterior Features
| Exterior Amenities | None |
|---|---|
| Lot Features | Sidewalk |
| Water Source | Public |
| Lot Size Area | 6970 |
| Building Area Total | 4958 |
| Lot Dimensions | 35X200 |
| Lot Size Acres | 0.16 |
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 40203
Price
Year Built
Data last updated: September 25, 2026 3:27 AM UTC and updating occurs daily
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than eXp Realty in Kentucky are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker.
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