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    1481 S 2Nd St Louisville, KY 40208

    Sponsored
    For Sale
    $850,000

    MULTI_FAMILY - Louisville, KY

    Type:Apartment
    Property size:
    7,355 SF
    Lot size:
    0.10 Acres
    Days on Market:
    69
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 1481 S 2Nd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Rooms
    Basement
    APN
    12033B02470000
    Exterior features
    Balcony
    Size
    7,355 SF
    Lot size
    0.10 Acres

    Utilities

    Heating system
    Natural Gas, Forced Air

    Building Details

    Year built
    1905
    Number of units
    10
    Building materials
    Brick
    Roof type
    Flat

    eXp Realty (888) 624-6448 [email protected]

    Listing agent Tanner M Lopez (888) 624-6448

    Listing date Oct 29, 2025

    MLS# 1680136 Listing URL

    Overview

    Renovated Multifamily Near Universities

    This multifamily property is situated within a 4-mile radius of four colleges and universities, an area with high demand for student housing. The property has been renovated and maintained by the current owners over the past 20 years. It features 7,355 square feet of finished living space, along with an additional 2,000 square feet of unfinished basement space that can be used for storage. This property is a turn-key investment, suitable for both first-time investors and seasoned professionals. The current owners are open to remaining to manage the property, which would ensure a smooth transition and continued high occupancy. The lot size is 0.1 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.758222
    Latitude
    38.225736

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    FAQs

    What type of property is this?
    Apartment building - Turn-key investment property near universities with strong student housing demand.
    Where is this apartment building located?
    The property is located at 1481 S 2Nd St Louisville, KY.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Prime location within 4 miles of four colleges/universities, ensuring high demand for student housing.; - Boasting **7,355 SF of finished living space.**; - **Turn-key investment opportunity** for immediate cash flow.
    (502) 640-8842
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    1481 S 2Nd St Louisville, KY 40208
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    Louisville, KY 40208
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1481 S 2Nd St Louisville, KY 40208
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