2039 Shelby St Louisville, KY 40217
This well-maintained, two-unit apartment building presents a fantastic investment opportunity in Louisville, Kentucky. Located at 2039 S Shelby St, this property boasts a prime location within the Schnitzelburg neighborhood. Built in 1925, the building features a total of 1,800 square feet across two stories, situated on a 0.08-acre lot (3,493 square feet). Each of the two spacious units offers two bedrooms, one full bathroom, a living room, an updated kitchen, and a rear sunroom complete with laundry hookups. The property includes four off-street parking spaces, a significant advantage for tenants. The asking price is $279,000, translating to $163.89 per square foot. Currently housing two tenants, this duplex is zoned R5, providing flexibility for future use. This property offers a blend of classic charm and modern updates, making it an attractive investment for both seasoned and new investors seeking a strong return in a thriving Louisville neighborhood. The building's solid construction and desirable features promise consistent rental income and potential for appreciation. This is a rare opportunity to acquire a well-maintained multifamily property in a highly sought-after area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.