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$599,000Reduced $46,000
For sale

1475 S 3rd StLouisville, KY 40208

10 beds1 bath4,786 sq ft1919 built

Apartment · 130 days on market · MLS# 1721583

About this home

Located along Louisville's prestigious Millionaire's Row in the heart of Historic Old Louisville, this exceptional five-unit apartment building offers a rare opportunity to acquire a beautifully maintained, income-producing asset in one of the city's most desirable rental markets. Thoughtfully improved over many years of ownership, the property combines the timeless character of Historic Old Louisville with the modern updates today's tenants expect. Residents enjoy an exceptional location just minutes from the University of Louisville, Downtown Louisville, the Medical District, Norton Hospital, Churchill Downs, restaurants, coffee shops, parks, and entertainment. Ownership has completed extensive capital improvements, including a newer roof, exterior painting and trim, rebuilt deck, upgraded LED exterior lighting, improved common areas, electrical and plumbing upgrades, and numerous additional building system improvements. Apartment interiors have been extensively renovated with updated kitchens featuring modern cabinetry, countertops, and stainless steel appliances, renovated bathrooms, replacement windows, new furnaces and central air systems, updated flooring, fresh interior finishes, and contemporary lighting throughout. Additional improvements include insulated garage door replacement, added laundry hookups, and continued investment in the property's long-term maintenance and functionality. Whether expanding an investment portfolio or acquiring a signature property in one of Louisville's premier historic neighborhoods, 1475 S. 3rd Street offers an exceptional combination of historic character, extensive renovations, strong tenant demand, and long-term investment appeal. Investment Highlights: • Historic five-unit apartment building on prestigious Millionaire's Row • Prime location in Historic Old Louisville • Minutes from the University of Louisville, Downtown Louisville, hospitals, and major employers • Extensive capital improvements completed throughout ownership • Renovated apartment interiors with modern finishes • Electrical, plumbing, HVAC, and building system upgrades • Strong rental demand driven by proximity to UofL, the Medical District, and Downtown Louisville • Turnkey investment in one of Louisville's most sought-after historic neighborhoods

Home details

Property type
Apartment
Status
For sale
MLS #
1721583
Price per sq ft
$125
Days on market
130
Original list price
$645,000
Year built
1919
Living area
4,786 sq ft
Lot size
0 sq ft
Bathrooms
1
Construction
Brick, Stone
Roof
Shingle
Style
Traditional
Subdivision
OLD LOUISVILLE
MLS area
01-Dtwn Old Louisville/Shively/West Lou
County
Jefferson
HOA
None
Water
Public

Features

Exterior

  • None

Utilities

  • Electricity Connected
  • Fuel:Natural

Estimated monthly payment

Principal & interest: — / month

Estimate only. Excludes taxes, insurance, HOA dues and PMI. Rates change daily; use your actual quote. Ryan can connect you with local lenders if you want a real number.

Location

Listing courtesy of BERKSHIRE HATHAWAY HomeServices, Parks & Weisberg Realtors, Michael Kearns. MLS# 1721583. Data provided by Greater Louisville Association of REALTORS® (APEX MLS). As of Aug 14, 2026.

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Listing information is provided courtesy of the Greater Louisville Association of REALTORS® (APEX MLS) via Internet Data Exchange (IDX) and is updated throughout the day. Not every MLS listing is available through IDX. All information is deemed reliable but not guaranteed and should be independently verified. Listings include the name of the listing brokerage. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing information last updated Aug 14, 2026.