1014 Schiller Ave new Save Request In-Person Tour Request Virtual Tour
Louisville,KY 40204
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,311 sqft
Price per Sqft $164
Subdivision Germantown
MLS Listing ID 1703716
Style Other
Bedrooms 5
HOA Y/N No
Abv Grd Liv Area 2,311
Year Built 1900
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Triplex
Source APEX MLS (Greater Louisville Association of REALTORS®)
Land Area 2311
Property Description
Prominent Germantown Commercial corner, ZONING leaves options! Successful STR neighbor! Close to Louisville's most beloved restaurants, coffee shops, and local hotspots, 1139 E St. Catherine Street, combined with 1014 & 1016 Schiller Avenue, presents an investment opportunity in one of the city's strongest rental corridors. Held by the same owner for over 20 years, this 1900 3 plex blends historic charm with proven performance. With three separately metered units, in-unit laundry in every unit, and a newer roof plus HVAC updates in the longest-standing apartment, this property is both stable and packed with value-add upside. Two updated units within the past 10yrs ($935 & $975), well below today's Germantown market rates, and one long-term tenant of 20 years sits at $675/month At stabilization, projected market rents of $1,200-$1,350 per unit and support estimated property values between $440,000 and $500,000+, depending on finishes and cap rate targets. With strong walkability, excellent visibility, and flexible use potential including mixed-use, short-term rentals, or redevelopment into modern urban row-style townhomes, this property is primed for growth and opportunity. Listed at $380,000, this is one of the rare Germantown multifamily assets offering both current cash flow and meaningful future upside. Full Rent Roll and Pro Forma Financials available upon request.
Location
State KY
County Jefferson
Direction Bardstown Road to Grinstead Drive (west), Grinstead crosses Barrett Avenue. Property at main intersection at Full Stop Bakery, Dages Paint, and old funeral Home. Sits on the Corner of E St Catherine and Schiller Avenue.
Interior
Heating Forced Air,Natural Gas
Cooling Central Air
Exterior
Exterior Feature None
View Y/N No
Roof Type Shingle
Garage No
Building
Lot Description Corner Lot,Sidewalk
Sewer Public Sewer
Water Public
Architectural Style Other
Structure Type Vinyl Siding,Wood Frame,Brick Veneer
Others
Virtual Tour https://www.zillow.com/view-imx/7b37a126-00a7-43a3-9264-0850e14107a2?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard