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Short-Term Rental Property with Backyard
For Sale
$275,000
Pending

923 E Chestnut St, Louisville, KY 40204

Operating furnished rental with renovated interiors, private outdoor space, and established guest-oriented systems.

Property Size1,025 SF
Days on Market180

Property Features for 923 E Chestnut St

General Information

Standard status Pending
Size 1,025 SF
Total Parking Spaces 3
Property subtype Hospitality
Zoning OR2

Units

Unit Mix 1 x 3BR/2BA
Multifamily Units 1

Amenities

high-speed internet
self check-in system
on-site laundry
spacious backyard
private outdoor space

Building Details

Buildings 1
Listing Agency: Winner Realty
Listed By: Madison Meredith · License #279604
Source: Kcrea.resimplifi
Added: Mar 4 Changed: Aug 29 Last Checked: Aug 30 at 1:38PM

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 Winner Realty

Investment Insights

Based on property information with market context.

This operating short-term rental includes three bedrooms and two full bathrooms within an open living plan filled with natural light. Interior updates include a renovated kitchen with granite countertops and new appliances, refreshed bathrooms, on-site laundry, high-speed internet, and self check-in capability. Furnishings may remain, and the property includes a spacious backyard with private outdoor areas. Off-street parking accommodates 2–3 vehicles, with additional street parking nearby.

The property is situated in Phoenix Hill near Downtown Louisville, NuLu, the Bourbon District, and major event venues. It is legally nonconforming under Louisville’s short-term rental ordinance and does not require a conditional use permit. The property is zoned OR2 and is currently operating as an Airbnb.

Key Highlights

  • Legally nonconforming under Louisville’s short‑term rental ordinance; no conditional use permit required
  • Operating Airbnb with 3 bedrooms and 2 full bathrooms
  • Renovated kitchen with granite countertops and new appliances

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store Auto Parts Store Butcher Pet Grooming Service Tanning Salon

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

1
Residential units

Location Intelligence

Trade Area within ½ mile

3,358
Businesses Nearby

Demographics for 40204, KY

14,600
Population
8,759
Households
1.7
Avg Household Size
38
Median Age
63%
College-Educated
97%
High-School Grad
3.2 sq mi
ZIP Area
4,563
Density / Sq Mi
$70,706
Median Household Income
$50,246
Median Earnings
$1,225
Median Rent
$314,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Short term rental property - Operating furnished rental with renovated interiors, private outdoor space, and established guest-oriented systems.
Where is this short term rental property located?
The property is located at 923 E Chestnut St Louisville, KY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Legally nonconforming under Louisville’s short‑term rental ordinance; no conditional use permit required; Operating Airbnb with 3 bedrooms and 2 full bathrooms; Renovated kitchen with granite countertops and new appliances
More about this property
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