Louisville, KY 40204,1014 Schiller Ave
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Louisville, KY 40204,1014 Schiller Ave
Louisville, KY 40204,1014 Schiller Ave
Louisville, KY 40204,1014 Schiller Ave
Louisville, KY 40204,1014 Schiller Ave
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$ 380,000
Est. payment /mo
New

1014 Schiller Ave Louisville, KY 40204

5 Beds

3 Baths

2,311 SqFt


UPDATED:

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


Greater Louisville MLS (Metro Search Inc)
Listed by EXP Realty LLC
Jonathan Plummer

Jonathan Plummer

Agent | License ID: 285098

+1(502) 556-1296

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1014 Schiller Ave