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    1504 Catalpa St Louisville, KY 40211

    Sponsored
    For Sale
    $30,000

    Prime R-6 Multi-Family Lot, $30,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.11-acre vacant lot, located at 1504 Catalpa St in Louisville, Kentucky, presents a unique investment opportunity. Situated in Jefferson County's R-6 Residential Multi-Family District (APN: 049D01300000), this property offers significant potential for multi-family development. The asking price is $30,000, translating to a land value of $336,363 per acre. The property's zoning allows for a variety of multi-family residential projects, making it an attractive prospect for developers and investors seeking to capitalize on the growing demand for housing in the Louisville metropolitan area. The lot is conveniently located within the Louisville/Jefferson County MSA, providing easy access to major transportation routes, amenities, and a thriving local economy. This property is being offered in conjunction with an adjacent lot at 2911 Wilson Ave, presenting the possibility of a combined purchase for a larger development project. Serious inquiries are encouraged to explore this promising investment opportunity. Taxing authority is Jefferson County.

    Property Features for 1504 Catalpa St

    General Information

    Property type
    Land
    Lot Size
    4,792 SF

    HighLights

    • Louisville MSA proximity.
    • Jefferson County location.
    • Jefferson County taxes.
    • Tax ID: 049D01300000.
    • R‑6 Multi‑Family zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.8026126
    Latitude
    38.2317082

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    FAQs

    What type of property is this?
    Land - Prime R-6 Multi-Family Lot, $30,000
    Where is this land located?
    The property is located at 1504 Catalpa St Louisville, KY.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: Louisville MSA proximity.; Jefferson County location.; Jefferson County taxes.
    Request Owner's contact information
    1504 Catalpa St Louisville, KY 40211
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    Louisville, KY 40211
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1504 Catalpa St Louisville, KY 40211
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