Mixed-Use Corner Building with
231 N 19th St Louisville, KY 40203
231 N 19th St, Louisville, KY, 40203
$475,000
For Sale
$475,000
MULTI_FAMILY - Louisville, KY
Property Size5,470 SF
Lot Size0.30 Acres
Price / SF$86.84
Days on Market21
Property Features for 231 N 19th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 1, Basement, Dining Room, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 1
- Patio and Porch features
- Patio
- Standard status
- Active
- APN
- 015F00410000
- Size
- 5,470 SF
- Lot size
- 0.30 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air, Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1890
- Number of units
- 4
- Building materials
- Concrete, Brick
- Roof type
- Flat
Listing agency
RE Solutions LLC
(502) 498-5455
Listed by
Darcy Nobile
(502) 498-5455
Added: Jul 1 Updated: Jul 20 at 10:27PM Checked: Jul 21 at 9:06AM
MLS# 1723784
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.
Investment Insights
Based on property information with market context.
Historic mixed-use corner property with three residential units, office space, and a detached garage with an apartment above. The main level includes entry space, a work area, sitting room, small kitchen, and a half bath, with access to a private fully fenced gravel yard, as well as entry to the garage and the garage apartment. The basement provides a large living room area, a small separate room, and a furnace room with some storage. The upper levels include two apartments: a 1-bedroom unit on the 2nd floor and a 3-bedroom unit on the 3rd floor.
The sale includes two adjacent vacant lots identified as 227 & 229 N 19th, for an overall footprint of approximately 0.3 acres. The property is located across from a park.
Residential rent is listed for the 1-bedroom and 3-bedroom units, and the office level is also listed with a monthly rent amount. The configuration provides a combination of office and residential space along with additional vacant land included in the offering.
The sale includes two adjacent vacant lots identified as 227 & 229 N 19th, for an overall footprint of approximately 0.3 acres. The property is located across from a park.
Residential rent is listed for the 1-bedroom and 3-bedroom units, and the office level is also listed with a monthly rent amount. The configuration provides a combination of office and residential space along with additional vacant land included in the offering.
Key Highlights
- Historic 1890 mixed‑use corner property with 3 residential units plus office space
- Includes 2 adjacent vacant lots (227 & 229 N 19th) totaling approx. 0.3 acres
- Garage plus garage apartment above, with fenced gravel yard off the main level
Local Financial Insights For Apartment 5plus
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 | $71.5k | $13.08 |
| − Vacancy | −$3.9k | −$0.71 |
| EGI | $67.7k | $12.37 |
| − OpEx | −$30.5k | −$5.57 |
| NOI | $37.2k | $6.81 |
5,470 SF · lease $13.08/SF/yr · vacancy 5.40% · expense 45.00%
Alternative Uses
Best Use
Office B
$1.01M
$883.1K – $1.18M
NOI $70,645 @ 7.0% cap · market cap 14.87%
Second Best
Multifamily LT 5
$657.5K
$575.3K – $767.1K
NOI $46,026 @ 7.0% cap · market cap 9.69%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,248 @ 7.0% cap · market cap 20.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Historic mixed-use corner property with three residential units, office space, and two adjacent vacant lots.
Where is this triplex located?
The property is located at 231 N 19th St Louisville, KY.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Historic 1890 mixed‑use corner property with 3 residential units plus office space; Includes 2 adjacent vacant lots (227 & 229 N 19th) totaling approx. 0.3 acres; Garage plus garage apartment above, with fenced gravel yard off the main level
