1562 9Th St Louisville, KY 40208

Property Details for 1562 9Th St

Lot size

0.25 lot acres

Property size

4,628 SF

Property type

Commercial real estate

APN

042CSROW0000

Description

This exceptional investment property, located at 1562 S 9th St, Louisville, KY 40208, presents a compelling opportunity for growth and long-term returns. The 4,628 square foot multifamily building sits on a 0.25-acre lot and is currently configured as a five-unit apartment complex – one unit on the first floor and four on the second. The property boasts 1,874 square feet of unfinished space on the first floor, already framed for potential conversion into additional rental units or commercial space. This flexibility is further enhanced by its EZ-1 Enterprise Zone District zoning, allowing for a variety of development options. The property's strategic location less than half a mile from three student housing complexes and one mile from the University of Louisville campus makes it ideally suited for student or young professional housing. Ample parking is available. The asking price is $300,000, representing a price per unit of $60,000 and a price per square foot of $64.82. The property's current configuration and zoning provide the potential to add 2-3 more apartment units or lease the first floor to a commercial tenant, significantly increasing the property's income potential. This is a rare opportunity to acquire a competitively priced multifamily property with significant upside in a high-demand location. The Jefferson County APN is 042CSROW0000.