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Five-Unit Short-Term Rental Property
For Sale
$2,100,000

218-220 S Clay St, Louisville, KY 40202

Historic hospitality property in NULU with varied accommodations and C2 zoning.

Property Size5,948 SF
Price / SF$353.06
Days on Market140

Property Features for 218-220 S Clay St

General Information

Standard status Active
Size 5,948 SF
Property subtype Hospitality
Zoning C2

Additional Details

Multifamily Units 5

Building Details

Year Built 1843
Listing Agency: Hoagland Commercial Realtors
Listed By: Woodford Hoagland · License #72257
Source: Kcrea.resimplifi
Added: Apr 14 Changed: Aug 30 Last Checked: Aug 31 at 12:46PM

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 Hoagland Commercial Realtors

Investment Insights

Based on property information with market context.

Built in 1843, this 5,948-square-foot hospitality property has been converted into a five-unit short-term rental operation with individually designed accommodations. The unit mix includes a three-bedroom, two-bath suite identified as Fellowship Hall, along with one-bedroom and studio units. Distinctive interior design and preserved historic character define the guest experience across the property.

The asset is located in Louisville’s NULU district at 218-220 S Clay St, near restaurants, boutiques, and galleries. C2 zoning is in place, and the property includes an expansion plan that could increase the unit count from five to seven.

Key Highlights

  • 5,948 SF property built in 1843
  • Five short‑term rental units with one‑bedroom and studio accommodations
  • Three‑bedroom, two‑bath Fellowship Hall suite

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Tanning Salon Clothing & Fashion Store Pet Grooming Service Buffet

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

5
Residential units

Location Intelligence

Trade Area within ½ mile

7,446
Businesses Nearby

Demographics for 40202, KY

7,179
Population
4,242
Households
1.7
Avg Household Size
39
Median Age
27%
College-Educated
83%
High-School Grad
1.6 sq mi
ZIP Area
4,487
Density / Sq Mi
$29,382
Median Household Income
$33,205
Median Earnings
$881
Median Rent
$340,000
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?
Short term rental property - Historic hospitality property in NULU with varied accommodations and C2 zoning.
Where is this short term rental property located?
The property is located at 218-220 S Clay St Louisville, KY.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 5,948 SF property built in 1843; Five short‑term rental units with one‑bedroom and studio accommodations; Three‑bedroom, two‑bath Fellowship Hall suite
More about this property
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