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227 Ottawa Ave, Louisville, KY 40209

Louisville
Local realty services provided by:CENTURY 21 Simpson & Associates
227 Ottawa Ave,Louisville, KY 40209
$145,000
  • 3 Beds
  • 2 Baths
  • 1,359 sq. ft.
  • Multi-family
  • Pending
Listed by: jason gray, monica dunlap
Office: totally about houses
MLS#:1713600
Source:KY_MSMLS

Price summary

  • Price:$145,000
  • Price per sq. ft.:$106.7

About this home

FANTASTIC INVESTOR OPPORTUNITY- Value-Add Duplex at below market price! This duplex has strong upside potential! Unit 1 is 1-bedroom with laundry hook up, recently getting $950 per month but is now vacant. Unit 2 is 2-bedrooms, with a market rent of $1100 per month. Both units will need cosmetic updates. Pro Forma: $2000/month ($24,000/year). Increase NOI through light renovations and stabilize for strong cash flow or future refinance potential. Ideal for investors looking to force appreciation or house hackers wanting rental income to offset the mortgage. Opportunities at this price point in this area with built-in upside move quickly. Don't let this one pass you by!

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Home facts

  • Year built:1900
  • Listing ID #:1713600
  • Added:16 day(s) ago
  • Updated:April 24, 2026 at 07:11 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Living area:1,359 sq. ft.

Heating and cooling

  • Cooling:Wall/Window Unit(s)
  • Heating:FORCED AIR, Natural gas

Structure and exterior

  • Year built:1900
  • Building area:1,359 sq. ft.
  • Lot area:0.07 Acres
  • Architectural Style:Traditional
  • Construction Materials:Aluminum siding, Vinyl siding

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$145,000
  • Price per sq. ft.:$106.7

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