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Three-Story Multifamily Building
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1019 S THIRD ST, Louisville, KY 40203

Three-story apartment building with 9 units on 0.15 acres, including five recently renovated, rent-ready units.

Property Size5,892 SF
Lot Size0.15 Acres
Days on Market115

Property Features for 1019 S THIRD ST

General Information

Standard status Active
Size 5,892 SF
Class B
Lot size 0.15 Acres
Property subtype Multifamily
Zoning TNZD
Occupancy 44%

Additional Details

Road Access Yes
Multifamily Units 9

Building Details

Year Built 1890
Buildings 1
Stories 3
Units 6
Tenancy Multi
Listing Agency: The Menish Group
Listed By: Alex Lanham · License #KY 281423
Source: Crexi
Added: May 16 Changed: Aug 28 Last Checked: Sep 7 at 12:53PM

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 three-story multifamily property contains 9 apartment units totaling 5,892 square feet, situated on 0.15 acres. The offering includes five recently renovated, rent-ready units. The renovations are described as including new windows, exterior paint, upgraded electric and plumbing, flooring, interior paint, cabinets and countertops, and appliances.

The property is located along South 3rd Street in Louisville, Kentucky, and is positioned for access to Downtown Louisville, area universities, and surrounding redevelopment activity.

Zoned TNZD, the site provides flexibility for investors or developers seeking an urban residential asset with renovation or repositioning potential. The property will be offered through an Online Un-Published Reserve Auction, with the auction scheduled to begin to close Thursday, June 18th, 2026 at 4:00 PM.

Key Highlights

  • 1890‑built, three‑story multi‑family building with 9 units totaling 5,892 SF on 0.15 acres in Louisville, KY
  • Five 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
  • Average rent of $945 per unit per month

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Travel Agency Locksmith Florist Supermarket Storage Facility

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

9
Residential units
44%
Occupancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,727
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Three-story apartment building with 9 units on 0.15 acres, including five recently renovated, rent-ready units.
Where is this apartment building located?
The property is located at 1019 S THIRD ST Louisville, KY.
What are key features of this property?
This property features: 1890‑built, three‑story multi‑family building with 9 units totaling 5,892 SF on 0.15 acres in Louisville, KY; Five 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; Average rent of $945 per unit per month
More about this property
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