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1220 S 3rd St, Louisville, KY 40203

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For Sale
Sale Pending

$430,000

10 beds • 4,976 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

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

  • $86.41
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

****Investor Opportunity!**** This fully occupied multi-unit property is located near the University of Louisville and offers steady rental income with six total units. FIRST FLOOR: 3BR/2BA, 2BR/1BA, AND 2BR/2BA. SECOND FLOOR: Two units of 1BR/1BA. THIRD FLOOR: Studio. All tenants pay $100/mo for water and $100/mo electricity and rents are varied but follow current rental rates in the are. All units are currently rented without issue, except for one that was previously used as an office but is ready to be converted back into a rental unit, providing additional income potential. Some general cleanup and minor renovations may be needed to improve overall condition and future value. The property is tenant-occupied with limited interior access. Exterior and common area showings can be... scheduled by appointment, but access to occupied units will require an accepted contract with 24-48 hours' notice to coordinate with tenants. Property is being sold AS-IS, with no warranties expressed, written, or implied. Buyer to verify all information, including but not limited to square footage, lot size, utilities, foundation, environmental concerns, zoning, and intended uses. Please allow 24-48 hours for response on all offers. Note: portfolio for this investor is being liquidated. Please inquire for other properties.
MLS# 1688102

Courtesy Of RE Solutions LLC

(502) 498-5455

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    New Traditional
  • Exterior Type
    Stone
  • Lot Size
    0.12 Acres

Map and Directions

Directions to 1220 S 3rd St, Louisville, KY 40203

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(502) 955-7255
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Monthly Payment Breakdown

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

An Equal Opportunity Company

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.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

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.

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