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Louisville Multifamily Building Value-Add Opportunity

1014 S THIRD ST Louisville, KY 40203

1014 S THIRD ST, Louisville, KY, 40203
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For Sale
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Three-story, 14-unit multifamily building in Louisville, Kentucky.

Property Size6,954 SF
Lot Size0.21 Acres
Days on Market65

Property Features for 1014 S THIRD ST

General Information

Standard status
Active
Size
6,954 SF
Lot size
0.21 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 1:25 pm

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.

A three-story multifamily building, totaling approximately 6,954 square feet, is available for purchase in Louisville, Kentucky. Situated on 0.21 acres, the property contains 14 units, with 71% occupancy. Four units have been recently renovated and are rent-ready. All units have been renovated with new windows, exterior paint, upgraded electric and plumbing, flooring, interior paint, cabinets and countertops, and appliances. Zoned TNZD, the property presents a value-add residential opportunity within an established urban submarket. Located along South 3rd Street, the property provides convenient access to Downtown Louisville, major transportation corridors, and nearby redevelopment growth throughout the area. The property will be offered through an online un-published reserve auction, scheduled to begin closing on Thursday, June 25th, 2026, at 4:00 PM.

Key Highlights

  • 14‑unit multi‑family building with value‑add potential through increased rents.
  • 4 recently renovated, rent‑ready units.
  • All units renovated with new windows, exterior paint, upgraded electric and plumbing, flooring, interior paint, cabinets and countertops, and appliances.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Isbell Apartments Apartment Building

Suggested Use

(Bike/Boat/Book/etc) Store Travel Agency (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Locksmith Storage Facility (Bike/Boat/Book/etc) Store Home Appliance Store Pet Store Florist

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

FAQs

What type of property is this?
Apartment building - Three-story, 14-unit multifamily building in Louisville, Kentucky.
Where is this apartment building located?
The property is located at 1014 S THIRD ST Louisville, KY.
What are key features of this property?
This property features: 14‑unit multi‑family building with value‑add potential through increased rents.; **4 recently renovated, rent‑ready units.**; All units renovated with new windows, exterior paint, upgraded electric and plumbing, flooring, interior paint, cabinets and countertops, and appliances.
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