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339 N 42nd St, Louisville, KY 40212

Louisville
Local realty services provided by:CENTURY 21 Simpson & Associates
339 N 42nd St,Louisville, KY 40212
$259,000
  • - Beds
  • - Baths
  • 2,166 sq. ft.
  • Multi-family
  • Active
Listed by: wsg homes, drew wisdom
Office: real broker, llc.
MLS#:1696938
Source:KY_MSMLS

Price summary

  • Price:$259,000
  • Price per sq. ft.:$119.58

About this home

Incredible opportunity to own three income-producing rental homes on a single parcel in one of Louisville's fastest-growing zip codes, which has appreciated by 47.8% since July 2021. This unique investment includes two 3-bedroom homes and one 2-bedroom home, all with basements, offering ample space and functionality for long-term tenants. With current rents totaling $2918 with a newly vacated unit (was paying $975/month), this bundle will EASILY beat the 1% rule when fully occupied (Pro forma rents total over $3400/month according to LMHA estimates). This property is ideal for buy-and-hold investors, house hackers, or 1031 exchange buyers seeking turnkey rental income with strong appreciation potential. With limited inventory and rapidly rising property values across Louisville, this multi-unit setup is a rare chance to secure a high-yield, appreciating asset in a thriving market.

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Home facts

  • Year built:1937
  • Subdivision & Development:NONE
  • Listing ID #:1696938
  • Added:360 day(s) ago
  • Updated:August 03, 2026 at 02:52 PM

Rooms and interior

  • Basement:Yes
  • Living area:2,166 sq. ft.

Heating and cooling

  • Heating:FORCED AIR

Structure and exterior

  • Year built:1937
  • Building area:2,166 sq. ft.
  • Lot area:0.32 Acres
  • Architectural Style:Ranch
  • Construction Materials:Vinyl siding

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$259,000
  • Price per sq. ft.:$119.58

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