Description
Historic Mixed-Use Corner Asset with 3 residential units, office space & includes 2 empty lots unlocking a rare portfolio-in-one at the corner of 19th and Duncan. This 1890's historic property offers immediate diversified income potential through a mix of commercial office space, multi-family residential units, and a detached garage. The sale includes 2 adjacent vacant lots (227 & 229 N 19th), bringing the total footprint to approx. 0.3 acres. Ideal for ample parking or future development. Located across from a park, this property offers incredible versatility. An investor can stabilize the residential rent roll, lease the office space, and hold the land for appreciation, or an owner-occupant can run their business downstairs while the apartments pay the mortgage. Main level has entry space, work area, sitting room, small kitchen & half bath. It leads to a private fully fenced gravel yard and entrance to garage and the garage apt above. Basement has a large living room area, small separate room and furnace room with some storage. Upper level has 2 apartments. 2nd floor has a 1 bedroom apt and rents for $800/months. 3rd floor has a 3 bedroom apt and rents for $1000-$1200/mo. Main office level rents for $1200/mo. Invest in a piece of Louisville's history with a modern income potential.
Details
| MLS # | 1723784 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1890 |
| Days On Site | 59 |
| Listing Provided By | RE Solutions LLC | Darcy Nobile |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 3 |
| SQ Feet | 5,470 |
| Garage | 2 |
| Basement | Y |
| Units | 4 |
| Acreage | 0.30 |
Area Information
| State | KY |
|---|---|
| County | Jefferson |
| City | Louisville |
| Zip Code | 40203 |
| Area | 01 Dtwn Old Louisville | Shively | West Lou |
| Listing VS Median (in 40203) | |
Price: $450,000 low | high Med: $262,450 sqft: 5,470 low | high Med: 1,470 $ / sqft: $82 low | high Med: $186 On site: 59 low | high Med: 21.5 | |
Market Activity 40203
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Learn More About This Property
| State | KY |
|---|---|
| County | Jefferson |
| City | Louisville |
| Zip Code | 40203 |
| Area | 01 Dtwn Old Louisville | Shively | West Lou |
| Listing VS Median (in 40203) | |
Price: $450,000 low | high Med: $262,450 sqft: 5,470 low | high Med: 1,470 $ / sqft: $82 low | high Med: $186 On site: 59 low | high Med: 21.5 | |
