502-640-3622
1829 3rd St, Louisville, KY for Sale
Apartments - FOR SALE
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1829 3rd St
Louisville, KY 40208
Old Louisville


HIGHLIGHTS

  • Located steps from the University of Louisville campus, ensuring consistent tenant demand and minimal vacancy.
  • Walking distance to UofL's academic buildings, Cardinal Stadium, and campus amenities.
  • Each unit comes with a dedicated private off-street parking space — a highly sought-after feature in this area.
  • Plumbing: New sewer line installed ~2 years ago; mix of original and upgraded components.
  • Electrical: Copper wiring throughout; separately metered units with individual breaker boxes.
  • Consistently high occupancy with minimal required maintenance, offering immediate cash flow and strong potential for long-term appreciation.

OVERVIEW

This meticulously maintained 7-unit student housing apartment building is situated right on the edge of campus, making it a prime investment opportunity. Located within a 10-minute walk to the majority of the University of Louisville's academic buildings and just a mile from Cardinal Stadium and other athletic complexes, the property is highly popular with UofL students and staff. Adding to its appeal, a 200,000 SF university project sits directly across the street, offering tenants convenient access to food, retail, and other amenities. Each unit includes a private off-street parking space — a rare and valuable perk in this area — ensuring high demand and consistent occupancy. The current owners have diligently maintained the 5,551 SF property, upgrading plumbing, HVAC systems, and water heaters as needed over the years. Offering dependable occupancy and immediate returns, this property is well-suited for first-time buyers or seasoned investors seeking to diversify their holdings.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

7

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Unit Student Housing Investment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

TNZD

APN/PARCEL ID

033E00020000

ASK ABOUT THIS PROPERTY

Stephanie GilezanGilezan Global Brokered by eXp CommercialMore Info
502-640-3622

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Stephanie GilezanGilezan Global Brokered by eXp CommercialMore Info
502-640-3622

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.