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Sold for $350,000
  • $350,000

    229 Sowder Ln, London, KY 40741

    14beds
    --sqft
    Quadruplex
    Built in ----
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $1,100 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,100/mo

    Zestimate® history
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    What's special

    Investor's Dream! This unique portfolio offers an incredible opportunity to own 10 doors in one transaction, featuring 2 single-family homes (each with 3 bedrooms and 1 bathroom) and 2 quadplexes with a total of 8 studio units. All four buildings are conveniently located on the same street, making them easy to manage and maintain. #229, #231 and #235 Sowder ln. Located just 5 minutes from downtown London, KY, and 1 minute from I-75, this portfolio offers easy access to local amenities, employment hubs, and transportation routes. All tenants are on month-to-month leases and have been long-term residents, providing a stable tenant base. Current rents are significantly below market (at least 30%), offering an excellent opportunity to reposition and add value. The buildings are in need of updates and improvements, making this a prime opportunity for investors ready to unlock the full potential of this portfolio. Broker owner

    Zillow last checked:

    Listing updated:

    Listed by:

    Rocio Gonzalez 606-404-2155,

    Freeman Brothers Realty LLC

    Bought with:

    Austin Polley, 219024

    Distinctive Living

    Source: Imagine MLS,MLS#: 25000905MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 14
    • Bathrooms: 10
    • Full bathrooms: 10

    Property

    Lot
    • Size: 1.31 Acres
    Details
    • Parcel number: 0503000008.00
    • Zoning description: R

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Condition
    • New construction: No

    Community & neighborhood

    Location
    • Region: London
    • Subdivision: City Limits

    Price history

    DateEventPrice
    4/8/2025Sold$350,000-12.3%
    Source: Imagine MLS #25000905 Report a problem
    3/25/2025Pending sale$399,000
    Source: Imagine MLS #25000905 Report a problem
    2/16/2025Contingent$399,000
    Source: Imagine MLS #25000905 Report a problem
    1/19/2025Listed for sale$399,000
    Source: Imagine MLS #25000905 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$170 -2.5%$22,000
    2023$174 -0.6%$22,000
    2022$175 -3.5%$22,000
    2021$182 $22,000
    2020-- $22,000
    2019$183 +0.2%$22,000
    2018$183 +0.1%$22,000
    2017$183 $22,000
    2015$183 +3.6%$22,000
    2012$176 +7.8%$22,000
    2010$164 $22,000

    Find assessor info on the county website

    Neighborhood: 40741

    Nearby schools

    GreatSchools rating
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    An equal housing lender. NMLS #10287.