1337 S 4th Street in Louisville, Kentucky, is a superior investment opportunity in the heart of Old Louisville. This beautifully renovated and restored nine-unit multifamily apartment building is ideally located in one of the largest historic districts in the country. With stunning views of the surrounding brick buildings and a sense of historic charm, this property offers a unique living experience. The building features nine units, comprising a mix of studio, one-, and two-bedroom layouts. Only one unit is not rented, and the building provides a low vacancy rate and a consistent income stream. In addition to the rental units, there are four private parking spaces and five separate garages that can be rented for additional income. The convenience of on-site coin laundry adds value to both the tenants and the overall net operating income (NOI). Tenants are responsible for their own electricity, while water consumption is divided based on a pro-rata share as per lease agreements. Old Louisville offers an inviting community with its diverse mix of residents, including families, professionals, and students from the nearby University of Louisville. The neighborhood boasts a central location, with downtown Louisville to the north, and renowned landmarks such as Churchill Downs and the Kentucky Exposition Center in close proximity. Residents can enjoy a wealth of walkable amenities from world-class dining options to expansive outdoor spaces, and a rich cultural heritage. Investors will benefit from the property's centralized location, high occupancy, and additional revenue stream potential. As leases begin to expire, there is an opportunity to increase rental rates to market levels, potentially enhancing the cap rate and maximizing returns on this exceptional investment property.