$520,000

This 3,781-square-foot tri-plex, with 3 units - 5BR and 3BA, is positioned inside that demand base, with the scale and architectural character that attract and hold qualified tenants. The income structure is straightforward. Two 2BR / 1BA bath units and one 1BR / 1BA unit combine for five bedrooms and three baths across 3,781 square feet. Two units are currently occupied, delivering cash flow at closing. The third unit is currently owner occupied and represents immediate upside for an investor ready to bring it online at current market rents. Expense management is structurally favorable. Tenants pay their own electric. Landlord utility obligations are limited to water, gas, and common-area costs. The pet policy, up to two animals per unit with a monthly fee, brings supplemental income. Three off-street parking spaces accessed from the rear alley address one of the most consistent pain points in urban Louisville rentals and meaningfully widen the qualified applicant pool. Retention-driving amenities are in place. First and second floor units have laundry hookups, a premium feature in this segment that narrows vacancy and narrows it further each lease cycle. A dedicated tenant storage area in the basement solves a friction point that competing units without it cannot. Window air conditioning units convey. Original hardwood floors and soaring ceilings throughout the building deliver a rental aesthetic that photographs well, attracts quality applicants, and produces a measurably different showing experience than a renovated box from the same era. The fenced rear yard and the building's Victorian presence on one of Louisville's most photographed residential streets combine to create a product that is genuinely difficult to replicate at any price point.