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    Cherokee Triangle Turnkey Triplex Title is generated by Realmo AI

    2124 Longest Ave, Louisville, KY 40204

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    Claim this Listing
    Pending
    $525,000

    MULTI_FAMILY - Other - Louisville, KY

    Property size:
    3,400 SF
    Lot size:
    0.13 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    106
    Last Refresh:
    Jul 8 at 8:06 pm

    Property Features for 2124 Longest Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bedroom 2, Bedroom 4, Basement, Dining Room, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1
    Patio and Porch features
    Porch
    Standard status
    Pending
    APN
    10075F01040000
    Size
    3,400 SF
    Lot size
    0.13 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Ductless (Heating), Natural Gas, Forced Air
    Cooling system
    Ductless, Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1900
    Number of units
    3
    Building materials
    Wood Frame
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Contact an agent
    Mollie Younger Noe

    Listing agent Mollie Younger Noe

    Listing office EXP Realty LLC 2303 Hurstbourne Vlg Dr. #300, Prospect, KY

    Listing date Mar 25, 2026

    MLS# 1712446 Listing URL

    Copyright © 2026 Greater Louisville Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • $4,150/month total rent from a triplex with 1x 2BD/1BA and 2x 1BD/1BA units
    • Unit rents: $1,600/month (2BD/1BA) and $1,275/month each (1BD/1BA)
    • All units include in‑unit washer and dryer
    • Heating/AC includes natural gas forced air plus ductless mini‑splits and window AC units (by unit)
    • Tenants pay gas, electric, and water/sewer; trash is covered by the owner and utilities are on one meter in the owner’s name
    • Fully fenced backyard, covered front porch, and street parking; wood‑frame construction with composition roof; public water and public sewer

    Overview

    This turnkey triplex is situated in the heart of Cherokee Triangle. The well-maintained property generates $4,150 per month. It has been owned and thoughtfully renovated by the same owner since 2017, providing a stable and proven rental history. The unit mix includes one 2-bedroom, 1-bath unit renting for $1,600 per month, along with two 1-bedroom, 1-bath units each renting for $1,275 per month. All units feature a washer and dryer. Unit 1 offers gas heat and window AC units, while Units 2 and 3 are equipped with ductless mini-split systems. Additional features include a fully fenced backyard, covered front porch, and street parking. Tenants are responsible for gas, electric, and water/sewer, with trash covered by the owner. Utilities are currently on a single meter in the owner's name. The property is located steps from Cherokee Park, coffee shops, restaurants, and the Highlands neighborhood. The property size is 3,400 square feet and the lot size is 0.13 acres.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $43.2k $12.72
    − Vacancy −$2.4k −$0.70
    EGI $40.9k $12.02
    − OpEx −$12.3k −$3.61
    NOI $28.6k $8.41
    3,400 SF · lease $12.72/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $408.7K
    $357.6K – $476.8K (±1% cap)
    NOI $28,609 @ 7.0% cap · market cap 5.45%
    Second Best
    Apartment 5plus
    $330.6K
    $289.2K – $385.7K (±1% cap)
    NOI $23,139 @ 7.0% cap · market cap 4.41%
    Theoretical Best
    Office A
    $881.3K
    $771.1K – $1.03M (±1% cap)
    NOI $61,690 @ 7.0% cap · market cap 11.75%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jessica Gaines Jarboe, ... Real Estate Agency

    Suggested Use

    Daycare Center Electrical Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Grocery & Convenience Store Food Market (Bike/Boat/Book/etc) Store HVAC Service Plumbing Service (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.712687
    Latitude
    38.236572

    FAQs

    What type of property is this?
    Triplex - Well-maintained triplex with strong income in a desirable location.
    Where is this triplex located?
    The property is located at 2124 Longest Ave Louisville, KY.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: $4,150/month total rent from a triplex with 1x 2BD/1BA and 2x 1BD/1BA units; Unit rents: $1,600/month (2BD/1BA) and $1,275/month each (1BD/1BA); All units include in‑unit washer and dryer
    More about this property
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