- CENTURY 21 Real Estate
- Kentucky
- Louisville
- 1014 Schiller Ave
1014 Schiller Ave, Louisville, KY 40204
Local realty services provided by:CENTURY 21 Simpson & Associates
Listed by: mollie younger noe, jessica roth
Office: exp realty llc.
MLS#:1703716
Source:KY_MSMLS
Price summary
- Price:$349,700
- Price per sq. ft.:$151.32
About this home
Prominent Germantown Commercial corner, ZONING leaves options! Successful STR neighbor! Close to Louisville's most beloved restaurants, coffee shops, and local hotspots, 1139 E St. Catherine Street, combined with 1014 & 1016 Schiller Avenue, presents an investment opportunity in one of the city's strongest rental corridors. Held by the same owner for over 20 years, this 1900 3 plex blends historic charm with proven performance. With three separately metered units, in-unit laundry in every unit, and a newer roof plus HVAC updates in the longest-standing apartment, this property is both stable and packed with value-add upside. Two updated units within the past 10yrs ($935 & $975), well below today's Germantown market rates, and one long-term tenant of 20 years sits at $675/month At stabilization, projected market rents of $1,200-$1,350 per unit and support estimated property values between $440,000 and $500,000+, depending on finishes and cap rate targets. With strong walkability, excellent visibility, and flexible use potential including mixed-use, short-term rentals, or redevelopment into modern urban row-style townhomes, this property is primed for growth and opportunity. Listed at $380,000, this is one of the rare Germantown multifamily assets offering both current cash flow and meaningful future upside. Full Rent Roll and Pro Forma Financials available upon request.
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Home facts
- Year built:1900
- Listing ID #:1703716
- Added:72 day(s) ago
- Updated:January 29, 2026 at 04:10 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Living area:2,311 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:FORCED AIR, Natural gas
Structure and exterior
- Year built:1900
- Building area:2,311 sq. ft.
- Lot area:0.09 Acres
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$349,700
- Price per sq. ft.:$151.32
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