1018 S 3rd St, Louisville, KY 40203
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
1018 S 3rd St,Louisville, KY 40203
$697,500
- - Beds
- - Baths
- 5,788 sq. ft.
- Multi-family
- Active
Listed by: jenny johnston
Office: prg commercial property advisors
MLS#:1706166
Source:KY_MSMLS
Price summary
- Price:$697,500
- Price per sq. ft.:$120.51
About this home
This fully renovated 10-unit multifamily asset is located in the heart of historic Old Louisville, a proven and stable rental submarket. The property benefits from its proximity to major institutional demand drivers, including Spalding University immediately to the north and the University of Louisville just a few blocks to the south.
The property consists of 10 efficiency units and has recently undergone a comprehensive renovation program. Capital improvements included selective demolition to enhance unit layouts, fresh exterior paint, new gutters and downspouts, and new energy-efficient windows. Interior upgrades feature updated electrical systems, substantial plumbing improvements, new window air conditioning units, and ventless gas heating systems that adequately service each unit. Each unit was fully renovated with new flooring, modern kitchens with granite countertops, updated cabinetry, new appliances, refreshed bathrooms, new paint, and upgraded trim, resulting in a cohesive, contemporary finish package that supports strong tenant demand.
This offering provides investors with the opportunity to acquire a 100% occupied, turnkey multifamily asset with recent capital investment completed, minimizing near-term maintenance needs. Positioned within a mature, institutionally supported submarket, the property offers stable cash flow with long-term upside driven by continued rental demand in Old Louisville
Contact an agent
Home facts
- Year built:1880
- Listing ID #:1706166
- Added:1 day(s) ago
- Updated:January 04, 2026 at 11:44 PM
Rooms and interior
- Living area:5,788 sq. ft.
Heating and cooling
- Cooling:Wall/Window Unit(s)
Structure and exterior
- Year built:1880
- Building area:5,788 sq. ft.
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$697,500
- Price per sq. ft.:$120.51
New listings near 1018 S 3rd St
- New
$159,000Active2 beds 1 baths708 sq. ft.1007 Camden Ave, Louisville, KY 40215
MLS# 1706168Listed by: SUNNY REALTY LLC - New
$250,000Active2 beds 1 baths1,309 sq. ft.3416 Schooler Ln, Louisville, KY 40272
MLS# 1706165Listed by: RED EDGE REALTY - New
$159,000Active2 beds 2 baths985 sq. ft.11915 Tazwell Dr #APT 6, Louisville, KY 40245
MLS# 1706161Listed by: FALLS CITY REALTORS - New
$249,000Active3 beds 2 baths1,805 sq. ft.2023 Dixie Garden Dr, Louisville, KY 40272
MLS# 1706156Listed by: REAL BROKER, LLC - New
$232,700Active4 beds 2 baths2,070 sq. ft.7112 Ethan Allen Way, Louisville, KY 40272
MLS# 1706154Listed by: REAL ESTATE GO TO - New
$163,000Active4 beds 1 baths1,000 sq. ft.3035 Linwood Ave, Louisville, KY 40210
MLS# 1706152Listed by: UNITED REAL ESTATE LOUISVILLE - New
$268,000Active2 beds 2 baths1,250 sq. ft.3933 Greenhurst Dr, Louisville, KY 40299
MLS# 1706151Listed by: RAINEY, ALLEN & SHAW REALTORS - Open Sun, 2 to 4pmNew
$199,900Active3 beds 1 baths1,056 sq. ft.218 Granvil Dr, Louisville, KY 40218
MLS# 1706142Listed by: RE/MAX PROPERTIES EAST - New
$210,000Active2 beds 2 baths1,075 sq. ft.3805 Yardley Ct #208, Louisville, KY 40299
MLS# 1706143Listed by: MILESTONE REAL ESTATE