339 N 42nd St, Louisville, KY 40212

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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