1251 S Brook St,Louisville, KY 40203
Louisville, KY 40203
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.
Details
| MLS # | 1713850 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 178 |
| Listing Provided By | Colliers | Jenny Johnston |
Features
| SQ Feet | 24,952 |
|---|---|
| Basement | Y |
| Units | 38 |
| Acreage | 0.68 |
Area Information
| State | KY |
|---|---|
| County | Jefferson |
| City | Louisville |
| Zip Code | 40203 |
| Area | 01 Dtwn Old Louisville | Shively | West Lou |
| Listing VS Median (in 40203) | |
Price: $2,695,000 low | high Med: $249,900 sqft: 24,952 low | high Med: 3,432 $ / sqft: $108 low | high Med: $73 On site: 178 low | high Med: 26 | |
Market Activity 40203
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Learn More About This Property
| State | KY |
|---|---|
| County | Jefferson |
| City | Louisville |
| Zip Code | 40203 |
| Area | 01 Dtwn Old Louisville | Shively | West Lou |
| Listing VS Median (in 40203) | |
Price: $2,695,000 low | high Med: $249,900 sqft: 24,952 low | high Med: 3,432 $ / sqft: $108 low | high Med: $73 On site: 178 low | high Med: 26 | |
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