Louisville Multifamily Repositioning
For Sale
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1010 South 3rd Street, Louisville, KY 40203
Multifamily property in Louisville, Kentucky, approved for 11 units.
Property Size10,751 SF
Lot Size0.22 Acres
Days on Market111
Property Features for 1010 South 3rd Street
General Information
Standard status
Active
Size
10,751 SF
Class
B
Lot size
0.22 Acres
Property subtype
Multifamily
Zoning
TNZD
Building Details
Year Built
1880
Buildings
1
Stories
3
Units
4
Tenancy
Multi
Listing Agency:
The Menish Group
Listed By:
Alex Lanham · License #KY 281423
Source:
Crexi
Added: May 16
Changed: Aug 8
Last Checked: Sep 2 at 2:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Menish Group
Investment Insights
Based on property information with market context.
This 10,751 square foot multi-family property is situated on 0.22 acres in Louisville, Kentucky. It is approved for 11 units, including 8 efficiencies and 3 large 4-bedroom, 4-bathroom units. There is potential for 20 units in this building using subleasing of the large units. Interior demolition has been completed. New windows have been installed, along with a new 800 amp service from the street that has been installed and run throughout the building. New upgraded plumbing from the street has been installed and run through the basement and first floor. Zoned TNZD, this larger-scale residential asset offers significant upside potential for investors, developers, or owner-operators seeking repositioning or redevelopment opportunities. Its scale, urban location, and proximity to Downtown Louisville make it well positioned for a variety of residential investment strategies within a growing corridor. The auction is scheduled to begin closing on Thursday, July 2nd, 2026 at 4:00 PM.
Key Highlights
- Approved for 11 units, featuring 8 efficiencies and 3 large 4BR/4BA units, with subleasing potential up to 20 units.
- Prime 10,751 sq ft multi‑family property on 0.22 acres in Louisville, Kentucky.
- New 800 amp electrical service and upgraded plumbing installed from the street throughout the building.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property in Louisville, Kentucky, approved for 11 units.
Where is this apartment building located?
The property is located at 1010 South 3rd Street Louisville, KY.
What are key features of this property?
This property features: Approved for 11 units, featuring 8 efficiencies and 3 large 4BR/4BA units, with subleasing potential up to 20 units.; Prime 10,751 sq ft multi‑family property on 0.22 acres in Louisville, Kentucky.; New 800 amp electrical service and upgraded plumbing installed from the street throughout the building.
