1251 S Brook St, Louisville, KY 40203
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
1251 S Brook St,Louisville, KY 40203
$2,950,000
- - Beds
- - Baths
- 24,952 sq. ft.
- Multi-family
- Active
Listed by: jenny johnston, reed b weinberg
Office: colliers
MLS#:1713850
Source:KY_MSMLS
Price summary
- Price:$2,950,000
- Price per sq. ft.:$118.23
About this home
Located in the heart of historic Old Louisville, this architecturally distinctive asset offers a rare opportunity to acquire an investment in one of the city's most character-rich submarkets. Originally constructed in 1930, the property is subject to a LIHTC program with a 60% AMI restriction set to expire in 2041, except for three units which are subject to the HOME program with a 50% AMI restriction. This provides for both stable in-place income and future upside potential. The asset underwent a comprehensive renovation in 2014, and significant capital improvements include a majority roof replacement completed in 2025. The property features a state-of-the-art access control system, enhancing resident security while preserving the private courtyard setting. Landlord is in the process of transitioning to a tenant-paid utility structure, which will enhance operational efficiency and minimize landlord overhead. Unit interiors are thoughtfully equipped with modern conveniences, including dishwashers and washer/dryer hookups, aligning with renter expectations in today's market. With renovations completed recently, this offering represents a rare scale opportunity in Old Louisville—an area typically characterized by smaller, fragmented assets—making it especially attractive for investors seeking operational efficiencies and long-term growth potential. *This property has an assumable and forgivable HOME loan covering three units that must be assumed....
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Home facts
- Year built:1930
- Listing ID #:1713850
- Added:1 day(s) ago
- Updated:April 09, 2026 at 07:51 PM
Rooms and interior
- Basement:Yes
- Living area:24,952 sq. ft.
Structure and exterior
- Year built:1930
- Building area:24,952 sq. ft.
- Lot area:0.68 Acres
- Construction Materials:brick
- Exterior Features:Balcony
Finances and disclosures
- Price:$2,950,000
- Price per sq. ft.:$118.23
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