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Historic Five-Unit Short-Term Rental
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218 South Clay Street, Louisville, KY 40202

Turnkey five-unit short-term rental in a landmark building originally constructed in 1843.

Property Size5,948 SF
Price / SF$353.06
Days on Market121

Property Features for 218 South Clay Street

General Information

Standard status Active
Size 5,948 SF
Property subtype Hospitality

Additional Details

Multifamily Units 5

Building Details

Year Built 1843
Tenancy Multi
Listing Agency: Hoagland Commercial Realtors
Listed By: Woodford Hoagland · License #KY 74285
Source: Crexi
Added: Apr 14 Changed: Aug 10 Last Checked: Aug 12 at 10:40AM

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.

The Holy Goat is a historic property originally constructed in 1843 as a church, thoughtfully transformed into a fully turnkey five-unit short-term rental. The building’s layout includes a Fellowship Hall suite featuring three bedrooms and two bathrooms, along with a collection of one-bedroom and studio offerings. Each suite is described as having its own curated identity and design, creating a varied in-building experience across the different unit types.

The property is positioned in Louisville’s NULU district, presented as being just steps from area restaurants, boutiques, and galleries.

In addition to the current five-unit configuration, the offering notes an opportunity to expand to seven total units, supporting future growth within the existing property concept.

Key Highlights

  • Landmark building originally constructed in 1843 and converted from a church into a hospitality asset
  • Five‑unit short‑term rental property with individually curated suites, including a three‑bedroom, two‑bath Fellowship Hall suite
  • Additional suite mix includes one‑bedroom and studio offerings within the same historic building

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
Multi-tenant
Tenancy

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 - Turnkey five-unit short-term rental in a landmark building originally constructed in 1843.
Where is this short term rental property located?
The property is located at 218 South Clay Street 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: Landmark building originally constructed in 1843 and converted from a church into a hospitality asset; Five‑unit short‑term rental property with individually curated suites, including a three‑bedroom, two‑bath Fellowship Hall suite; Additional suite mix includes one‑bedroom and studio offerings within the same historic building
(502) 897-3310 Call to check price and availability
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