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Louisville Multifamily Repositioning Opportunity

1010 South 3rd Street Louisville, KY 40203

1010 South 3rd Street, Louisville, KY, 40203
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For Sale
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Multifamily property in Louisville, Kentucky, approved for 11 units.

Property Size10,751 SF
Lot Size0.22 Acres
Days on Market65

Property Features for 1010 South 3rd Street

General Information

Standard status
Active
Size
10,751 SF
Lot size
0.22 Acres
Property subtype
Multifamily

Building Details

Year Built
1880
Listing Agency The Menish Group
Listed by Alex Lanham · License #KY 281423
Source Crexi
Added: May 16 Checked: Jul 17 at 7:46 am

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 Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Nail Salon Electrical Service HVAC Service Building Supply Spa & Massage Center Furniture & Home Goods

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

FAQs

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.
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