20
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$2,695,000
Est. payment /mo
24,952 SqFt
Price Dropped by $95K
1251 S Brook St Louisville, KY 40203
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Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 24,952 sqft
Price per Sqft $108
MLS Listing ID 1713850
HOA Y/N No
Abv Grd Liv Area 24,952
Year Built 1930
Lot Size 0.680 Acres
Acres 0.68
Property Sub-Type Apartment
Source APEX MLS (Greater Louisville Association of REALTORS®)
Land Area 24952
Property Description
Located in the heart of historic Old Louisville, this architecturally distinctive asset offers a rare opportunity to acquire an investment in one of the city's most character-rich submarkets. The asset offers both stable in-place income and future upside potential. The asset underwent a comprehensive renovation in 2014, and significant capital improvements include a majority roof replacement completed in 2025. The property features a state-of-the-art access control system, enhancing resident security while preserving the private courtyard setting. Landlord is in the process of transitioning to a tenant-paid utility structure, which will enhance operational efficiency and minimize landlord overhead. Unit interiors are thoughtfully equipped with modern conveniences, including dishwashers and washer/dryer hookups, aligning with renter expectations in today's market. With renovations completed recently, this offering represents a rare scale opportunity in Old Louisville—an area typically characterized by smaller, fragmented assets—making it especially attractive for investors seeking operational efficiencies and long-term growth potential. *This property is subject to a LIHTC program. More information is available upon request.
Location
State KY
County Jefferson
Direction Oak Street to Brook Street
Interior
Heating Other
Exterior
Exterior Feature Balcony
View Y/N No
Roof Type Asphalt
Garage No
Building
Structure Type Brick
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