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Amanda Midkiff

amanda@midkiffteam.com +1(502) 767-9087

$ 520,000

Est. payment | -/mo

5 Beds

3 Baths

3,718 SqFt

Save

$ 520,000

Est. payment | -/mo

Save

5 Beds

3 Baths

3,718 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,718 sqft

Price per Sqft $139

MLS Listing ID 1720634

Style Traditional

Bedrooms 5

HOA Y/N No

Abv Grd Liv Area 3,718

Year Built 1900

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-Type Triplex

Source APEX MLS (Greater Louisville Association of REALTORS®)

Land Area 3718

Property Description

This 3,781-square-foot tri-plex, with 3 units - 5BR and 3BA, is positioned inside that demand base, with the scale and architectural character that attract and hold qualified tenants. The income structure is straightforward. Two 2BR / 1BA bath units and one 1BR / 1BA unit combine for five bedrooms and three baths across 3,781 square feet. Two units are currently occupied, delivering cash flow at closing. The third unit is currently owner occupied and represents immediate upside for an investor ready to bring it online at current market rents. Expense management is structurally favorable. Tenants pay their own electric. Landlord utility obligations are limited to water, gas, and common-area costs. The pet policy, up to two animals per unit with a monthly fee, brings supplemental income. Three off-street parking spaces accessed from the rear alley address one of the most consistent pain points in urban Louisville rentals and meaningfully widen the qualified applicant pool. Retention-driving amenities are in place. First and second floor units have laundry hookups, a premium feature in this segment that narrows vacancy and narrows it further each lease cycle. A dedicated tenant storage area in the basement solves a friction point that competing units without it cannot. Window air conditioning units convey. Original hardwood floors and soaring ceilings throughout the building deliver a rental aesthetic that photographs well, attracts quality applicants, and produces a measurably different showing experience than a renovated box from the same era. The fenced rear yard and the building's Victorian presence on one of Louisville's most photographed residential streets combine to create a product that is genuinely difficult to replicate at any price point.

Location

State KY

County Jefferson

Direction 1314 Highland Ave (40204) is located in the heart of Louisville's Original Highlands, just blocks from Bardstown Rd and Barrett Ave. From Bardstown Rd, the property will be on your left. From Barrett Ave, the property will be on your right.

Interior

Heating Forced Air, Natural Gas

Cooling Wall/Window Unit(s)

Exterior

Exterior Feature None

View Y/N No

Roof Type Shingle

Porch Deck, Porch

Garage No

Building

Sewer Public Sewer

Water Public

Architectural Style Traditional

Structure Type Aluminum Siding

Greater Louisville MLS (Metro Search Inc)

Listed by simpler.realestate

Nearby Locations

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Amanda Midkiff

Realtor & Team Lead | License ID: 265389

+1(502) 767-9087 | amanda@midkiffteam.com

1314 Highland Ave Louisville, KY 40204

Amanda Midkiff

Key Details

Location

Interior

Exterior

Building

Nearby Locations

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1314 Highland Ave