Louisville Multifamily Building Value-Add
For Sale
Contact for pricing
1014 S THIRD ST, Louisville, KY 40203
Three-story, 14-unit multifamily building in Louisville, Kentucky.
Property Size6,954 SF
Lot Size0.21 Acres
Days on Market83
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
Changed: Jul 10
Last Checked: Aug 6 at 5:57AM
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
Current Use
Location Intelligence
Trade Area within ½ mile
1,727
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
Questions? Ask Rey
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Frequently Asked Questions
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.
