Exceptional investment opportunity in Louisville's Park Hill neighborhood! This fully leased 6-unit (all 3BR/1BA) multifamily property offers potential for immediate day-one cash flow. Built in 2001, this well-maintained 3-story building features 4,800 sq ft of living space on an 8,028 sq ft lot, zoned R7 Residential Multi-Family, with heating and cooling throughout all units. Off street parking for tenants. Adding to the income potential, the property also generates additional revenue through on-site billboard advertising. Whether you're a seasoned investor or just getting started, this turnkey asset is primed for anyone looking to add a stabilized income-producing property to their portfolio. This listing includes additional lot at 1522 W Oak.
For sale
Price cut: $10K (6/11)
$589,000
1518 W Oak St, Louisville, KY 40210
18beds
6baths
4,800sqft
Apartment
Built in 2001
-- sqft lot
$-- Zestimate®
$123/sqft
$-- HOA
What's special
- 97 days |
- 104 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Madison Meredith,
Winner Realty
Source: Metro Search Inc. LLC DBA Apex MLS,MLS#: 1717094
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 18
- Bathrooms: 6
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Features
- Has basement: No
Interior area
- Total structure area: 4,800
- Total interior livable area: 4,800 sqft
- Finished area above ground: 4,800
- Finished area below ground: 0
Property
Features
- Exterior features: None
Lot
- Size: 0.26 Acres
- Dimensions: 50 x 156.3
- Features: Sidewalk, See Remarks
Details
- Parcel number: 07039B01660000
Construction
Type & style
- Home type: Apartment
- Architectural style: Traditional
- Property subtype: Apartment
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Roof: Shingle
Condition
- Year built: 2001
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Louisville
Financial & listing details
- Price per square foot: $123/sqft
- Date on market: 5/12/2026
- Tenant pays: Cable TV, Electricity, Gas
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$771/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/11/2026 | Price change | $589,000-1.7%$123/sqft |
Source:  Metro Search Inc. LLC DBA Apex MLS #1717094 Report a problem | ||
| 5/12/2026 | Listed for sale | $599,000+16.3%$125/sqft |
Source: Metro Search Inc. LLC DBA Apex MLS #1717094 Report a problem | ||
| 4/27/2023 | Listing removed | -- |
Source: Metro Search Inc. LLC DBA Apex MLS #1629427 Report a problem | ||
| 2/16/2023 | Price change | $514,900-2.8%$107/sqft |
Source: Metro Search Inc. LLC DBA Apex MLS #1629427 Report a problem | ||
| 1/25/2023 | Listed for sale | $529,900+92.7%$110/sqft |
Source: Metro Search Inc. LLC DBA Apex MLS #1629427 Report a problem | ||
| 12/3/2018 | Sold | $275,000-3.5%$57/sqft |
Source: Metro Search Inc. LLC DBA Apex MLS #1513191 Report a problem | ||
| 8/29/2018 | Listed for sale | $285,000$59/sqft |
Source: Gant Hill & Associates, LLC #1513191 Report a problem | ||
| 6/29/2017 | Listing removed | $895 |
Source: Go Section8 Report a problem | ||
| 4/19/2017 | Listed for rent | $895 |
Source: Go Section8 Report a problem | ||
Public tax history
Tax history is unavailable.
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Park Hill
Nearby schools
GreatSchools rating
- NAMaupin Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 5/10Highland Middle SchoolGrades: 6-8Distance: 4.1 mi
- 2/10Jeffersontown High SchoolGrades: 9-12Distance: 11 mi
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A local agent can set up tours, give advice and negotiate with sellers.
