Fully Furnished Short-Term Rental
For Sale
$385,000
253 Thompson Ave, Louisville, KY 40206
Fully renovated and furnished two-level short-term rental with a separate upstairs one-bedroom unit.
Property Size1,928 SF
Price / SF$199.69
Days on Market180
Property Features for 253 Thompson Ave
General Information
Standard status
Active
Size
1,928 SF
Total Parking Spaces
2
Property subtype
Multifamily
Zoning
R5B
Site & Location
Neighborhood
Clifton Heights
Amenities
Power
Water
Sewer
Natural Gas
2 Parking Spaces
Building Details
Year Built
1900
Stories
2
Tenancy
Multi
Listing Agency:
Caperton Realty
Listed By:
Bryce Cariel · License #267734
(502) 386-3017
Source:
Kcrea.resimplifi
Added: May 5
Changed: Oct 25
Last Checked: Oct 30 at 10:38AM
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 Caperton Realty
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Investment Insights
Based on property information with market context.
This fully renovated short-term rental property is offered turnkey with furnishings and stocked essentials included, supporting an immediate start for short-term bookings. The layout is split across two levels, with a spacious first-floor configuration featuring three bedrooms and two full bathrooms. An additional, separate second-floor unit provides one bedroom and one bathroom, creating a flexible setup for multi-unit hosting.
With furnishings, linens, appliances, cookware, and essentials included, the property is positioned as plug-and-play for investors looking to add operational STR inventory.
The seller prefers to package this property with 255 Thompson, offering a way to acquire multiple income-producing STRs in a single transaction.
With furnishings, linens, appliances, cookware, and essentials included, the property is positioned as plug-and-play for investors looking to add operational STR inventory.
The seller prefers to package this property with 255 Thompson, offering a way to acquire multiple income-producing STRs in a single transaction.
Key Highlights
- 1,928 SF short‑term rental property
- Fully renovated and offered turnkey
- Furnished and stocked with essentials included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,223
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,460
$324.5K
Cap Rate 7%
$231,757
$231.8K
Cap Rate 9%
$180,256
$180.3K
Market Conditions
NOI Build-Up for 1,928 SF
Gross rent
$24.5K $12.72/SF
− Vacancy
−$1.3K −$0.70/SF
EGI
$23.2K $12.02/SF
− OpEx
−$7.0K −$3.61/SF
NOI
$16.2K $8.41/SF
Area
Louisville, KY
Vacancy
5.50%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,460
Cap Rate 7%
$231,757
Cap Rate 9%
$180,256
Alternative Uses
Best Use
Multifamily LT 5
$231.8K
$202.8K – $270.4K
NOI $16,223 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$187.4K
$164.0K – $218.7K
NOI $13,121 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$499.7K
$437.3K – $583.0K
NOI $34,982 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
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Business Placement
Demographics for 40206, KY
20,196
Population
11,637
Households
1.7
Avg Household Size
38
Median Age
55%
College-Educated
95%
High-School Grad
5.8 sq mi
ZIP Area
3,482
Density / Sq Mi
$72,543
Median Household Income
$48,506
Median Earnings
$1,142
Median Rent
$276,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Fully renovated and furnished two-level short-term rental with a separate upstairs one-bedroom unit.
Where is this short term rental property located?
The property is located at 253 Thompson Ave Louisville, KY.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 1,928 SF short‑term rental property; Fully renovated and offered turnkey; Furnished and stocked with essentials included
