KY > Louisville > Old Louisville
Louisville, KY 40208,1509 S 3rd St
Louisville, KY 40208,1509 S 3rd St
Louisville, KY 40208,1509 S 3rd St
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Shawne Mardis

Shawne Mardis

+1(502) 649-6720
$550,000
Est. payment /mo
7 Beds
5 Baths
4,386 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,386 sqft

Price per Sqft $125

Subdivision Old Louisville

MLS Listing ID 1685255

Style Traditional

Bedrooms 7

HOA Y/N No

Abv Grd Liv Area 3,586

Year Built 1906

Lot Size 6,534 Sqft

Acres 0.15

Property Sub-Type Quadruplex

Source Metro Search (Greater Louisville Association of REALTORS®)

Land Area 3586

Property Description

Discover a rare multifamily investment opportunity in the heart of Old Louisville on the prestigious ''Millionaire's Row,'' just steps from the University of Louisville campus. This grand Victorian-era quadplex blends historic charm with solid rental income potential. A welcoming covered porch and ornate entry hall lead into four spacious units, two of which have been recently renovated. One unit stands out with 4 bedrooms and 2 bathrooms, making it ideal for an owner-occupant seeking to offset living costs or for attracting premium rent.

Tenants are responsible for all utilities, including water, helping to streamline operating expenses. A fenced rear yard offers privacy, while a 3-car garage accessible via the alley provides additional income potential or valuable off-street parking. The building is equipped with two furnaces and one shared water heater, with laundry facilities conveniently located in the basement for all residents. With easy-to-rent units and significant upside in the remaining two units that are either MTM or coming up for lease soon, this property presents an excellent opportunity for investors or owner-occupants alike to secure a piece of one of Louisville's most iconic neighborhoods.

Location

State KY

County Jefferson

Direction I-65 to St Catherine to S 3rd Street, Property is on your left

Interior

Heating Forced Air, Natural Gas

Cooling Central Air, Wall/Window Unit(s)

Exterior

Exterior Feature See Remarks

Garage Spaces 3.0

View Y/N No

Roof Type Shingle

Porch Deck, Porch

Garage Yes

Building

Building Description Brick,Stone, Laundry Facility,Pets Allowed

Sewer Public Sewer

Water Public

Architectural Style Traditional

Structure Type Brick,Stone

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Greater Louisville MLS (Metro Search Inc)
Copyright 2025 Metro Search, Inc.
Listed by Six Degrees Real Estate, LLC
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"I have spent nearly 2 decades becoming an expert in Southern Indiana market trends and influences. Now, I'll put my considerable market background to work for you, helping you to identify the best deals, and price your home accurately to assure a quick sale, while maximizing profit. "

+1(502) 649-6720

smardis@movingwithmardis.com

8610 Chapel Hill Court, Charlestown, Indiana, 47130, USA

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