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    Fairdale, KY Residential Income Properties for Sale

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    Mixed-Use Corner Building with Office
    Updated: Jul 1
    Mixed-Use Corner Building with Office

    231 N 19th St, Louisville, KY 40203

    $475,000
    5,470 sqft 0.30 AC lot
    Historic 1890 mixed‑use corner property with 3 residential units plus office space
    Includes 2 adjacent vacant lots (227 & 229 N 19th) totaling approx. 0.3 acres
    Garage plus garage apartment above, with fenced gravel yard off the main level
    Income details: main office rents for $1,200/mo; 1BR rents for $800/mo; 3BR rents $1,000–$1,200/mo
    Commercial/residential layout includes main level office areas, multiple bedrooms and 3 bathrooms, and basement living area
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    This listing looks promising.

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    231 N 19th St, Louisville, KY 40203

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    • Est. Cap Rate

      7.8%
      Above avg (5.9%)

    • Est. NOI

      $37K
      Annual

    • Price @ 7% Cap

      $532K
      Above asking

    • Property Type

      Apartments (Generic)
      Built 1890
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    7-Unit Multifamily Residence
    Updated: Jun 24
    7-Unit Multifamily Residence

    1271 Cherokee Rd, Louisville, KY 40204

    $1,490,000
    6,285 sqft 0.24 AC lot
    7‑unit multifamily property at 1271 Cherokee Road in Louisville’s Cherokee Triangle
    5 units in the main residence plus 2 units in a separate carriage house with front street and rear alley access
    Year built 1890 with architectural features including original leaded and stained‑glass windows
    Central air and forced‑air heating, with public water and public sewer
    On‑site parking available and includes a porch and balcony
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    Three-Story Brick Four-Plex
    Three-Story Brick Four-Plex

    2114 Bonnycastle Ave, Louisville, KY 40205

    $749,000
    5,200 sqft 0.21 AC lot

    Four spacious units, including a vacant oversized first-floor home, plus basement laundry, fenced yard, and rear garages.

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    8-Unit Apartment Building
    8-Unit Apartment Building

    3944 S 3rd St, Louisville, KY 40214

    $720,000
    4,944 sqft 0.12 AC lot

    Eight 1-bedroom, 1-bath units are separately metered, with off-street parking on a corner lot.

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    Renovated 11-Unit Apartment Building
    Renovated 11-Unit Apartment Building

    2189 Baringer Avenue, Louisville, KY 40204

    $1,495,000
    9,144 sqft

    An 11-unit, 2BR/1BA apartment building with recent renovations and off-street parking at the rear.

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    Victorian Triplex Income Property
    Victorian Triplex Income Property

    104 S Birchwood Ave, Louisville, KY 40206

    $867,020
    5,590 sqft 0.36 AC lot

    Triplex on a 0.36-acre lot with three units, including a 2 bed/1 bath and a 4 bed/2 bath plus an attached carriage house.

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    Renovated Mixed-Use Triplex Building
    Renovated Mixed-Use Triplex Building

    1110 Logan St, Louisville, KY 40204

    $850,000
    3,625 sqft 0.17 AC lot

    Three fully occupied units include a ground-floor commercial lease plus two furnished residences, separately metered with 10 off-street spaces.

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    All-Brick Duplex with Covered Carport
    All-Brick Duplex with Covered Carport

    2217 Grinstead Dr, Louisville, KY 40204

    $575,000
    1,950 sqft 0.23 AC lot

    All-brick duplex offers two rental units, updated with new furnaces and a four-car covered carport with off-street parking.

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    32-Unit Apartment Building
    32-Unit Apartment Building

    1122 GARVIN PL, Louisville, KY 40203

    $2,599,000
    13,908 sqft

    32 one-bedroom units with an on-site manager’s space and basement laundry facilities in a residential income property.

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    Mixed-Use Live-Work Property
    Mixed-Use Live-Work Property

    1807 Brownsboro Rd, Louisville, KY 40206

    $1,420,000
    3,264 sqft 0.13 AC lot

    Top-to-bottom renovated mixed-use building with reception, multiple offices, conference space, and four upstairs bedroom suites with private baths.

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    32-Unit Old Louisville Apartment Building
    32-Unit Old Louisville Apartment Building

    1122 Garvin Pl, Louisville, KY 40203

    $2,599,000
    17,404 sqft 0.48 AC lot

    32 one-bedroom apartments with on-site laundry and an on-site manager space in Louisville’s Old Louisville area.

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    Turnkey Eight-Unit Multifamily Property
    Turnkey Eight-Unit Multifamily Property

    1646 BEECHWOOD AVE, Louisville, KY 40204

    $1,100,000
    6,909 sqft

    Eight-unit investment property with separate gas/electric metering and updated roof, HVAC, windows, and parking lot.

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    Highlands Multifamily Investment Opportunity
    Highlands Multifamily Investment Opportunity

    1646 Beechwood Ave, Louisville, KY 40204

    $1,100,000
    6,909 sqft 0.16 AC lot

    Turnkey investment property with high income in Louisville, Kentucky.

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    Five-Unit Italianate Apartment Building
    Five-Unit Italianate Apartment Building

    1130 S Brook St, Louisville, KY 40203

    $595,000
    4,163 sqft

    Historic Italianate five-unit building with renovated interiors, multiple exterior and system improvements, and a detached garage.

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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    1224 CHEROKEE RD, Louisville, KY 40204

    $1,000,000
    8,550 sqft

    Apartment building offering separately metered utilities, rear egress to shared yard, and four vacant garages.

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    Renovated Five-Unit Apartment Building
    Renovated Five-Unit Apartment Building

    1475 S 3rd St, Louisville, KY 40208

    $645,000
    4,786 sqft

    Renovated five-unit apartment building with updated building systems and renovated interiors throughout.

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    Renovated 5-Unit Multifamily
    Renovated 5-Unit Multifamily

    918 Ash St, Louisville, KY 40217

    $500,000
    3,200 sqft 0.14 AC lot

    Four recently renovated units with central heat and air, plus a top-level unit awaiting completion for added income potential.

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    Historic Five-Unit Short-Term Rental
    Historic Five-Unit Short-Term Rental

    218 South Clay Street, Louisville, KY 40202

    $2,100,000
    5,948 sqft

    Turnkey five-unit short-term rental in a landmark building originally constructed in 1843.

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    Six-Unit Multifamily Property
    Six-Unit Multifamily Property

    3217 Fordhaven Rd, Louisville, KY 40214

    $500,000
    5,270 sqft

    Six identical 2-bedroom, 1-bath units each include dedicated laundry and a spacious kitchen.

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    Multifamily Property with Central Air
    Multifamily Property with Central Air

    1453 S 3rd St, Louisville, KY 40208

    $1,250,000
    14,282 sqft

    Multifamily building near the University of Louisville with central air and separate gas and electric metering.

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    Seven-Unit Apartment Building
    Seven-Unit Apartment Building

    1642 BEECHWOOD AVE, Louisville, KY 40204

    $850,000
    3,764 sqft

    For sale seven-unit multifamily with five one-bedrooms and two two-bedrooms in the Highlands area behind Mid-City Mall.

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    Cherokee Road Apartment Building
    Cherokee Road Apartment Building

    1224 Cherokee Rd, Louisville, KY 40204

    $1,000,000
    8,550 sqft

    Six-unit apartment building in Louisville's Cherokee Triangle.

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    Fern Creek Multifamily Investment Opportunity
    Fern Creek Multifamily Investment Opportunity

    3400 Lesway Ct, Louisville, KY 40220

    $1,164,000
    11,955 sqft

    Well-maintained 12-unit property in desirable Fern Creek/Hikes Point area.

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    Fourplex with Rear Parking
    Fourplex with Rear Parking

    119 McArthur Dr, Louisville, KY 40207

    $680,000
    3,630 sqft 0.17 AC lot

    Four 1-bedroom, 1-bath units with rear parking, basement storage, and washer/dryer hookups.

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    Fairdale, KY Residential Income Properties Market Trends and Statistics

    Explore 146 residential income properties for sale in Fairdale, KY, showcased through 146 active listings on our real estate platform. These investment opportunities span a total of 1,153,828 square feet of properties for sale, with an estimated market value of $105,003,767.

    Sale prices for residential income properties in Fairdale, KY start at $48,000, averaging $990,601, and reaching up to $10,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 1
    Quadplexes 1

    Demographics Overview

    Population 9,903
    Population Growth (5Y) +1.2%
    Median Household Income $52,257
    College Educated 14.4%

    High-Yield Neighborhoods for Investment

    Identify Fairdale submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    40118 $450K

    Taxes & Financing

    Tax Rate (average for all types) 1.12%
    Property Tax per SF $25.97 per SF
    Tax Rate vs County Average 0.11 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Jefferson County

    New Delisted

    Total CRE Inventory on Market (SF)

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    Most Searched ZIP Codes in Fairdale, KY

    • 40204
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    • 40203
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    • 40214
    • 40211
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    • 40216
    • 40217
    • 40272
    • 40202
    • 40215

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