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902 E Jefferson St, Louisville, KY 40206

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For Sale

$899,000

6 beds • 4,188 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $214.66
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Over $8,000/mo (nearly 11% CAP rate) in gross rental potential with this versatile duplex/triplex/quadplex or even SFR combo in the heart of NULU. With OR2 zoning, a 625sqft fully-soundproofed studio, and a completely customizable floorplan, 902 E Jefferson is easily poised to cashflow >$2,000/mo or more at current mortgage rates with tremendous future increase possible, as the area continues to boom. This beautiful building is located just one block south of everything that E Market street has grown to become, and directly across from what is planned to be a boutique hotel, making it the ideal location for a storefront, office space, residential rental, or hybrid. STR is also a possibility with its current 4-unit configuration, with intermediate-term (1month or more) rentals such as Furnished Finder possible with no special permitting required on day 1, while the STR application process is being processed. Multiple entrances across the 1st and 2nd levels help transform the home a variety of possible uses, while separate meters and HVAC units across its numerous levels add to the flexibility. Commercial lease spaces in the area currently yield ~30/sfa for 1st floor units, and $20-$25/sfa for 2nd & 3rd floors, while residential leases range from $1300-$3800/mo for 1-, 2-, or 3- bedroom units. With 1780sqft on the ground floor, and another 2400 across the 2nd and 3rd levels, this 4188sqft home can be divided however you choose to maximize both profitability and functionality. For more information on how to unlock the potential of this rare investment opportunity, please give me a call today to schedule your own private showing!
MLS# 1701694

Courtesy Of Custom Select Realty

(502) 614-5097

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Deck, Porch, Patio
  • Architecture Style
    Other
  • Exterior Type
    Aluminum Siding, Brick
  • Heating System
    Forced Air
  • Lot Size
    0.06 Acres
  • Roof Type
    Metal

Map and Directions

Directions to 902 E Jefferson St, Louisville, KY 40206

Home seller CENTURY 21 Advantage Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Advantage Realty

(859) 624-5488
Learn More About Us

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Monthly Payment Breakdown

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Copyright © 2025 Greater Louisville Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.