339 N 42nd St, Louisville, KY 40212
Local realty services provided by:Schuler Bauer Real Estate ERA Powered



339 N 42nd St,Louisville, KY 40212
$270,000
- - Beds
- - Baths
- 2,166 sq. ft.
- Multi-family
- Active
Listed by:wsg homesdenise@wsghomes.com
Office:keller williams louisville east
MLS#:1694724
Source:KY_MSMLS
Price summary
- Price:$270,000
- Price per sq. ft.:$124.65
About this home
Incredible opportunity to own three income-producing rental homes on a single parcel in one of Louisville's fastest-growing zip codes, which has appreciated by 47.8% since July 2021. This unique investment includes two 3-bedroom homes and one 2-bedroom home, all with basements, offering ample space and functionality for long-term tenants. With current rents totalling $2094 with a newly vacated unit (was paying $975/month), this bundle will EASILY beat the 1% rule when fully occupied (Pro forma rents total over $3400/month according to LMHA estimates).
This property is ideal for buy-and-hold investors, house hackers, or 1031 exchange buyers seeking turnkey rental income with strong appreciation potential. With limited inventory and rapidly rising property values across Louisville, this multi-unit setup is a rare chance to secure a high-yield, appreciating asset in a thriving market.
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Home facts
- Year built:1937
- Listing Id #:1694724
- Added:11 day(s) ago
- Updated:August 07, 2025 at 07:42 PM
Rooms and interior
- Living area:2,166 sq. ft.
Heating and cooling
- Heating:FORCED AIR
Structure and exterior
- Year built:1937
- Building area:2,166 sq. ft.
- Lot area:0.32 Acres
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$270,000
- Price per sq. ft.:$124.65
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