KY > Louisville > Old Louisville
Louisville, KY 40208,1633 S 4th St
Louisville, KY 40208,1633 S 4th St
Louisville, KY 40208,1633 S 4th St
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Sat
2
Aug
Sun
3
Aug
Mon
4
Aug
Shawne Mardis

Shawne Mardis

+1(502) 649-6720
$630,000
Est. payment /mo
9 Beds
9 Baths
3,598 SqFt
Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 3,598 sqft

Price per Sqft $175

Subdivision Old Louisville

MLS Listing ID 1688103

Style Traditional

Bedrooms 9

HOA Y/N No

Abv Grd Liv Area 3,598

Year Built 1900

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type Apartment

Source Metro Search (Greater Louisville Association of REALTORS®)

Land Area 3598

Property Description

Investment Opportunity: Premier 9-Unit Property Near UofL! Act Fast! This is a rare chance to acquire a meticulously managed 9-unit multi-family property located just moments from the University of Louisville campus. Situated on S 4th St, this property is at the epicenter of student housing demand, ensuring a steady stream of tenants and a robust rental income. With a current monthly rent roll of $7,584 and an annual income of $91,008, this is a turn-key investment with significant cash flow from day one. Strong Current Income & Massive Value-Add Potential: The property is a fantastic mix of occupied units and vacant, rent-ready units, providing an immediate return on investment. While some units have a month-to-month lease, others are already leased, offering a mix of stability and... ...flexibility. The building presents an incredible opportunity for a new owner to implement strategic renovations and push rents to their full market potential, significantly increasing the Cap Rate. The potential for future expansion is even more exciting, with three additional units in the basement that will be available to view soon. Once renovated and rented at an estimated $700 each, these units could increase the total annual income to over $116,208!


Proximity & Layout: Walkable to Cardinal Boulevard and the core of the UofL campus, this location is a top choice for students and faculty. The property is designed for efficiency and demand, with all units being studios, each with 1 bathroom.


First Floor: Two studio units, including one that is currently vacant and accessible from the back.


Second Floor: Four studio units, including two that are currently vacant.


Third Floor: Two studio units, with one currently vacant and one occupied on a month-to-month lease.


Separate Studio Apartment: This unit is accessible from the rear of the building and features its own private deck.

Showing & Access: Vacant units, the exterior, and common areas can be scheduled for showings via ShowingTime. Occupied units require a minimum of 48 hours' notice for a scheduled viewing to coordinate with tenants. Tenants pay $100/month for electric and $100/month for water.

Disclosure: Property is being sold AS-IS, with no warranties expressed, written, or implied. Buyer to verify all information, including but not limited to square footage, lot size, utilities, foundation, environmental concerns, zoning, and intended uses. Please allow 48-72 hours for a response to all offers.

Note: This investor is liquidating their portfolio. Inquire for additional properties in the area. Don't miss this chance to acquire a high-yield asset in a prime location!

Location

State KY

County Jefferson

Direction I65 S to exit 135 (St Catherine W) to S 4th St.

Interior

Heating Forced Air

Cooling Wall/Window Unit(s)

Exterior

Exterior Feature None

View Y/N No

Roof Type Shingle

Porch Deck, Porch

Garage No

Building

Lot Description Sidewalk

Sewer Public Sewer

Water Public

Architectural Style Traditional

Structure Type Brick

Read Less Info
Greater Louisville MLS (Metro Search Inc)
Copyright 2025 Metro Search, Inc.
Listed by RE Solutions LLC
agent-avatar

"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

GET MORE INFORMATION

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Shawne Mardis, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

1633 S 4th St

QUICK SEARCH INDIANA