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Separately Metered Triplex
For Sale
$289,900

704 Roselane Street, Louisville, KY 40203

MULTI_FAMILY - Louisville, KY

Property SizeContact for details
Lot Size0.09 Acres
Days on Market58

Property Features for 704 Roselane Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bedroom 6, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 5, Bedroom 1, Bedroom 3
Parking features On Street
Elementary school Jefferson County
Middle school Jefferson County
High school Jefferson County
Directions From E. Broadway, onto S. Clay St. and head south. then turn left onto Roselane. The building will be on your Right.
Subdivision Jefferson County
Standard status Active
Lot size 0.09 Acres

Utilities

Water source Public

Building Details

Year built 1957
Number of units 3
Roof type Flat
Listing Agency: United Real Estate Louisville - Elizabethtown
Listed By: Jayme Burden · License #251824
Added: Jun 10 Changed: Jul 2 Last Checked: Aug 6 at 4:06PM
MLS# HK2602415

Copyright © 2026 Heart of Kentucky 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.

Investment Insights

Based on property information with market context.

This triplex at 704 Roselane Street offers three separate residential units under one roof, each independently metered. The unit mix includes a 3-bedroom, 1-bath layout; a 1-bedroom, 1-bath layout; and a 2-bedroom, 1-bath layout. As currently presented, two units are rented and one unit is vacant, providing immediate leasing coverage while allowing the opportunity to prepare the remaining unit for occupancy.

Located in central Louisville within Jefferson County, the property is described as being near downtown Louisville and surrounding amenities. The separately metered configuration can simplify tenant billing and support independent unit management. With all three units under one ownership structure, the building presents a straightforward option for buyers seeking multiple residential rental spaces in a single asset.

The tenant and owner-occupant flexibility is a key feature here: you can live in one unit and rent the other two, or lease all three units as part of an investment strategy. The current rent-up status includes two occupied units, while the third unit’s vacancy may help a buyer plan the next step in improving overall performance. Property includes a 1-bath configuration across all units, with bedroom counts spanning 1, 2, and 3-bedroom options to broaden prospective tenant fit.

Key Highlights

  • Triplex with three separate units, each separately metered
  • Unit mix includes a 3‑bedroom, 1‑bath unit; a 2‑bedroom, 1‑bath unit; and a 1‑bedroom, 1‑bath unit
  • Two units currently rented and one unit vacant

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon Clothing & Fashion Store Florist Mobile Phone Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

6,356
Businesses Nearby

Demographics for 40203, KY

16,801
Population
10,754
Households
1.6
Avg Household Size
37
Median Age
22%
College-Educated
86%
High-School Grad
2.9 sq mi
ZIP Area
5,793
Density / Sq Mi
$31,430
Median Household Income
$32,581
Median Earnings
$828
Median Rent
$179,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Triplex with three separately metered units, including two currently rented and one vacant, offering flexible occupancy options.
Where is this triplex located?
The property is located at 704 Roselane Street Louisville, KY.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Triplex with three separate units, each separately metered; Unit mix includes a 3‑bedroom, 1‑bath unit; a 2‑bedroom, 1‑bath unit; and a 1‑bedroom, 1‑bath unit; Two units currently rented and one unit vacant
More about this property
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