The Old Louisville Flats. This 32-unit apartment building represents a highly desirable, historically stable asset class with significant value-add potential. Long-term family ownership means pride in ownership with this extremely well-cared-for property. Property Overview & Investment Highlights 32 one-bedroom apartments plus one bonus on-site manager's space in the basement. Located in the historic Old Louisville area, known for its high density of Victorian architecture and strong tenant demand driven by proximity to the University of Louisville, Spalding University, and downtown employment hubs. Value-Add Potential: The "upside in rents" indicates an opportunity to implement easy upgrades to capture market-rate premiums. On-site laundry facilities provide immediate auxiliary income and serve as a vital amenity for the tenants.
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Zillow last checked:
Listing updated:
Listed by:
William M Friel502-893-1900,
Weichert Realtors - ABG,
Michael Burlew502-649-7061
Source: Metro Search Inc. LLC DBA Apex MLS,MLS#: 1721984
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 2
Bathrooms: 3
Heating
Natural Gas, Steam
Cooling
Other, Wall/Window Unit(s)
Features
Has basement: Yes
Interior area
Total structure area: 13,908
Total interior livable area: 17,404 sqft
Finished area above ground: 13,908
Finished area below ground: 3,496
Property
Features
Exterior features: Balcony, None
Lot
Size: 0.48 Acres
Dimensions: 105 x 200
Features: Sidewalk
Details
Parcel number: 08029K00260000
Construction
Type & style
Home type: Apartment
Architectural style: Other
Property subtype: Apartment
Attached to another structure: Yes
Materials
Concrete, Block, Stucco
Roof: Membrane
Condition
Year built: 1961
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Community
Subdivision: Old Louisville
HOA
Has HOA: No
Amenities included: Other
Location
Region: Louisville
Financial & listing details
Price per square foot: $149/sqft
Date on market: 6/30/2026
Tenant pays: Cable TV, Electricity
Electric utility on property: Yes
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$1,228/mo
Price history
Date
Event
Price
6/30/2026
Listed for sale
$2,599,000$149/sqft
Source: Metro Search Inc. LLC DBA Apex MLS #1721984Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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