1014 Schiller Ave, Louisville, KY 40204
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
1014 Schiller Ave,Louisville, KY 40204
$380,000
- 5 Beds
- 3 Baths
- 2,311 sq. ft.
- Multi-family
- Active
Listed by: mollie younger noe, jessica roth
Office: exp realty llc.
MLS#:1714944
Source:KY_MSMLS
Price summary
- Price:$380,000
- Price per sq. ft.:$164.43
About this home
Germantown - Commercial corner, ZONING leaves options! Successful STR neighbor! Close to Louisville's most beloved restaurants, coffee shops, and local hotspots, 1139 E St. Catherine Street, combined with 1014 & 1016 Schiller Avenue, presents an investment opportunity in one of the city's strongest rental corridors. Held by the same owner for over 20 years, this 3 plex blends historic charm with proven performance. With three separately metered units, in-unit laundry in every unit, and a newer roof plus HVAC updates in the longest-standing apartment, this property is both stable and packed with value-add upside. Two updated units within the past 10yrs are recently vacant and freshly painted. Owner can place tenants or sell vacant, if owner occupied | house hack is desired. Rents have been well below today's Germantown market rates, and one long-term tenant of 20 years is still occupying the property. At stabilization, projected market rents of $1,200-$1,350 per unit and support estimated property values between $440,000 and $500,000+, depending on finishes and cap rate targets. With strong walkability, excellent visibility, and flexible use potential including mixed-use, short-term rentals, or redevelopment into modern urban row-style townhomes, this property is primed for growth and opportunity. This is one of the rare Germantown multifamily assets offering both current cash flow and meaningful future upside. Full Rent Roll and Pro Forma Financials available upon request....
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Home facts
- Year built:1900
- Listing ID #:1714944
- Added:54 day(s) ago
- Updated:June 13, 2026 at 03:14 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Living area:2,311 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:FORCED AIR, Natural gas
- Central air:Yes
Structure and exterior
- Year built:1900
- Building area:2,311 sq. ft.
- Lot area:0.09 Acres
- Lot Features:Sidewalk
- Construction Materials:Vinyl siding, Wood Frame
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$380,000
- Price per sq. ft.:$164.43
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