1141 S Brook St, Louisville, KY 40203
Local realty services provided by:CENTURY 21 Simpson & Associates
1141 S Brook St,Louisville, KY 40203
$625,000
- 7 Beds
- 5 Baths
- - sq. ft.
- Single family
- Sold
Listed by: jonathan d klunk
Office: exp realty llc.
MLS#:1708384
Source:KY_MSMLS
Sorry, we are unable to map this address
Price summary
- Price:$625,000
About this home
Discover a rare income-producing Victorian investment property in historic Old Louisville, offering both short-term and long-term rental income streams just minutes from the University of Louisville, the Kentucky Expo Center, downtown Louisville, and the Kentucky Bourbon Trail gateway. This walkable neighborhood is known for the largest collection of preserved Victorian homes in the U.S. and its famously haunted history, making it a uniquely attractive destination for guests and tenants alike. The main 3-story home features 4 bedrooms and 3 full baths, with generous first-floor gathering spaces and inviting outdoor areas that are perfect for Bourbon Trail groups, UofL visitors, and extended stays. Currently operated as a furnished, 5-star-rated Airbnb, the main house is professionally managed, and all furniture and contents are included in the sale, allowing a truly turnkey transition for the next owner. Over $100,000 in recent repairs and improvements (detailed list available) further de-risk the acquisition and enhance guest appeal. Behind the main house, the carriage house offers two additional income sources: a 2-bedroom, 1-bath unit on the first floor and an efficiency unit on the second floor. While the carriage house cannot be rented as a separate short-term rental under current rules, both units are well-suited for stable long-term or lucrative mid-term rentals, and the entire property may be eligible to be operated as a single short-term rental. This flexible mix of STR, mid-term, and long-term strategies gives investors multiple income streams to optimize return, along Louisville's growing tourism and Bourbon Trail traffic. Current net operating income is approximately $43,000 per year, supporting a strong 7% cap rate based on actual performance, with clear upside through strategic repositioning of the carriage units and further optimization of nightly rates and occupancy. The property is currently professionally managed, offering a hands-off option for out-of-area or first-time short-term rental investors. P&L and full improvement list are available upon request for qualified buyers. For long-term upside, this property is located in a designated historic district and is qualified for Kentucky historic rehabilitation tax credits on future improvements (buyer to verify), creating a powerful combination of cash flow today and tax-advantaged value-add potential tomorrow....
Contact an agent
Home facts
- Year built:1900
- Listing ID #:1708384
- Added:82 day(s) ago
- Updated:April 28, 2026 at 06:41 AM
Rooms and interior
- Bedrooms:7
- Total bathrooms:5
- Full bathrooms:5
- Rooms Total:19
- Basement:Yes
- Basement Description:Cellar
Heating and cooling
- Cooling:Central Air, Wall/Window Unit(s)
- Heating:FORCED AIR, MiniSplit/Ductless, Natural gas
- Central air:Yes
Structure and exterior
- Year built:1900
- Architectural Style:Traditional
- Construction Materials:Vinyl siding, brick
- Exterior Features:Patio, Porch
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$625,000
New listings near 1141 S Brook St
- New
$545,000Active4 beds 3 baths2,607 sq. ft.711 Homestead Blvd, Louisville, KY 40207
MLS# 1715747Listed by: ELINE REALTY COMPANY
$425,000Pending1 beds 2 baths1,111 sq. ft.1400 Willow Ave #1102, Louisville, KY 40204
MLS# 1715745Listed by: GANT HILL & ASSOCIATES, LLC
$402,000Pending2 beds 2 baths2,260 sq. ft.1307 Morton Ave, Louisville, KY 40204
MLS# 1715746Listed by: GANT HILL & ASSOCIATES, LLC- New
$215,000Active3 beds 1 baths1,025 sq. ft.7709 Kim Dr, Louisville, KY 40214
MLS# 1715742Listed by: BROKERAGE: ROYAL REAL ESTATE FIRM - New
$272,500Active3 beds 2 baths1,332 sq. ft.5100 Sprucewood Dr, Louisville, KY 40291
MLS# 1715736Listed by: REALTY ADVANCED - New
$549,900Active3 beds 3 baths3,039 sq. ft.211 Pennsylvania Ave, Louisville, KY 40206
MLS# 1715737Listed by: 1 PERCENT LISTS PURPLE DOOR - New
$150,000Active6 Acres13111 Meadowlawn Dr, Louisville, KY 40272
MLS# 1715716Listed by: SEMONIN REALTORS - New
$499,900Active2 beds 2 baths1,868 sq. ft.2014 Dressage Cir, Louisville, KY 40245
MLS# 1715718Listed by: KELLER WILLIAMS COLLECTIVE - New
$169,900Active3 beds 1 baths900 sq. ft.4510 Garda Dr, Louisville, KY 40219
MLS# 1715719Listed by: SEMONIN REALTORS - New
$395,000Active2 beds 1 baths1,382 sq. ft.1638 Cowling Ave #1, Louisville, KY 40205
MLS# 1715720Listed by: SIMPLER.REALESTATE