KY > Louisville > Old Louisville
Louisville, KY 40203,938 S 1st St
Louisville, KY 40203,938 S 1st St
Louisville, KY 40203,938 S 1st St
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$395,000
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5 Beds
5 Baths
4,150 SqFt
Price Dropped by $30K

938 S 1st St Louisville, KY 40203

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Melanie Murphy

Melanie Murphy

+1(502) 810-8105

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Key Details

Property Type Multi-Family

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 4,150 sqft

Price per Sqft $95

Subdivision Old Louisville

MLS Listing ID 1683486

Style Traditional

Bedrooms 5

HOA Y/N No

Abv Grd Liv Area 4,150

Originating Board Metro Search (Greater Louisville Association of REALTORS®)

Year Built 1900

Lot Size 6,534 Sqft

Acres 0.15

Property Sub-Type Apartment

Property Description

Don't miss this rare opportunity to own a substantially rented 5-plex in the highly sought-after historic district of Old Louisville. Bursting with charm and character, this property offers a unique blend of timeless elegance and solid investment potential. Ideally located just minutes from downtown with easy expressway access, this multi-family gem delivers steady cash flow—with a current rent roll well in excess of the ''1% Rule.'' The owner pays water and LG&E for select units, with those costs offset by higher rents. This property is fully stabilized and can be sold individually or as part of a larger 19-unit portfolio including 930, 932 and 936 S 1st Street—an exceptional opportunity to invest in multiple income-producing properties in one of Louisville's most iconic neighborhoods. Rent roll and current-year P&L are available upon request. Please allow 48 hours' notice for showings. Schedule your tour today and step into a turnkey investment opportunity you won't want to miss!

Location

State KY

County Jefferson

Direction Between Kentucky and Breckenridge on 1st

Interior

Heating Electric, Forced Air, Natural Gas, MiniSplit/Ductless

Cooling Central Air, Wall/Window Unit(s)

Exterior

Exterior Feature None

View Y/N No

Roof Type Asphalt

Garage No

Building

Lot Description Sidewalk

Sewer Public Sewer

Water Public

Architectural Style Traditional

Structure Type Brick

Greater Louisville MLS (Metro Search Inc)
Copyright 2025 Metro Search, Inc.
Listed by Housing Associates

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agent

Melanie Murphy

Agent | License ID: 220285

+1(502) 810-8105

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938 S 1st St