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    339 N 42Nd St Louisville, KY 40212

    New
    For Sale
    $270,000

    MULTI_FAMILY - Ranch - Louisville, KY

    Type:Single Family Residence
    Property size:
    2,166 SF
    Lot size:
    0.32 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 339 N 42Nd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Standard status
    Active
    Rooms
    Basement
    APN
    009c00310000
    Size
    2,166 SF
    Lot size
    0.32 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1937
    Number of units
    3
    Building materials
    Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Ranch

    Real Broker LLC (855) 450-0442 [email protected]

    Listing agent WSG Homes (502) 264-1908

    Listing date Dec 4, 2025

    MLS# 1696938 Listing URL

    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.

    Overview

    Income-Producing Multifamily Investment Opportunity

    This unique investment opportunity features three income-producing rental homes situated on a single parcel. Located in a rapidly growing Louisville zip code that has seen significant appreciation, this property includes two 3-bedroom homes and one 2-bedroom home, all equipped with basements. The homes offer ample space and functionality for tenants. The property is suited for buy-and-hold investors, house hackers, or 1031 exchange buyers looking for turnkey rental income with appreciation potential. The combined square footage of the properties is 2166 square feet, situated on a 0.32-acre lot. The property is comprised of ranch-style homes. The current total rent is $2094, with one unit recently vacated that was previously rented for $975 per month. The property is located in Louisville, Kentucky.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    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
    -85.815819
    Latitude
    38.268332

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    FAQs

    What type of property is this?
    Multifamily property - Three homes on one parcel, ideal for investors.
    Where is this multifamily property located?
    The property is located at 339 N 42Nd St Louisville, KY.
    What is the asking price?
    The asking price for this property is $270,000.
    What are key features of this property?
    This property features: - Three income-producing rental homes on a single parcel.; - Located in a fast-growing zip code with significant appreciation (47.8% since July 2021).; - Potential to easily exceed the 1% rule with fully occupied units (pro forma rents over $3400/month).
    (502) 264-1908
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    339 N 42Nd St Louisville, KY 40212
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    Louisville, KY 40212
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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
    339 N 42Nd St Louisville, KY 40212
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