339 N 42nd St new Save Request In-Person Tour Request Virtual Tour
Louisville,KY 40212
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,166 sqft
Price per Sqft $124
MLS Listing ID 1696938
Style Ranch
HOA Y/N No
Abv Grd Liv Area 2,166
Year Built 1937
Lot Size 0.320 Acres
Acres 0.32
Property Sub-Type Triplex
Source APEX MLS (Greater Louisville Association of REALTORS®)
Land Area 2166
Property Description
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.
Location
State KY
County Jefferson
Direction I-64 to N 38th St. Take exit 1 from I-264 E Take Northwestern Pkwy to N 42nd St
Interior
Heating Forced Air
Exterior
Exterior Feature None
View Y/N No
Roof Type Shingle
Garage No
Building
Sewer Public Sewer
Water Public
Architectural Style Ranch
Structure Type Vinyl Siding