AIRBNB INVESTMENT OPPORTUNITY in the heart of Louisville offering a rare turnkey STR with strong projected returns and no CUP required. This fully furnished property at 611 Finzer St is zoned OR2 and grandfathered for short-term rental use, allowing the next owner to continue operations (buyer to register w/ the city within 30 days of closing). Configured as a 2BR with a 3rd room currently used as a bedroom (non-conforming), this functions as a 3BR opportunity with increased revenue potential. Based on AirDNA projections, the property is expected to generate ~$47,300/yr in gross revenue at ~60% occupancy and $215 ADR, producing an estimated NOI of ~$27,030 and a 10.8% cap rate at the $250K list price. The home will average ~73 bookings/yr w/ ~3-night stays and is being sold fully furnished making it a true plug-and-play investment. Est. operating expenses total ~$20,270/yr including taxes, insurance, utilities, landscaping, maintenance reserves, and cleaning. With an est. DSCR of ~1.7 (based on 75% LTV, 7.5% rate, 30-yr am), this is a highly financeable asset w/ strong cash flow potential. Located in a proven STR corridor w/ consistent demand, this is ideal for investors seeking an income-producing Airbnb, furnished rental, or hybrid personal-use property. Grandfathered STR zoning, turnkey condition, and double-digit projected returns make this a standout opportunity. Accurate self-managed proforma under documents.
20 days
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295
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16
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Zillow last checked:
Listing updated:
Listed by:
Jonathan D Klunk888-624-6448,
EXP Realty LLC
Source: Metro Search Inc. LLC DBA Apex MLS,MLS#: 1721338
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1
Primary bedroom
Level: First
Bedroom
Level: Second
Full bathroom
Level: First
Dining area
Level: First
Kitchen
Level: First
Laundry
Level: First
Living room
Level: First
Office
Level: Second
Heating
Forced Air
Cooling
Central Air
Features
Basement: Cellar
Has fireplace: No
Interior area
Total structure area: 1,287
Total interior livable area: 1,387 sqft
Finished area above ground: 1,287
Finished area below ground: 0
Property
Parking
Parking features: Off Street, Entry Rear
Has uncovered spaces: Yes
Features
Stories: 2
Patio & porch: Patio, Porch
Fencing: Privacy,Full,Wood
Lot
Size: 2,613 Square Feet
Features: Level
Details
Parcel number: 021B01270000
Construction
Type & style
Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence
Materials
Vinyl Siding, Wood Frame
Foundation: Crawl Space, Concrete Blk
Roof: Flat,Shingle
Condition
Year built: 1900
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Community
Subdivision: Smoketown
HOA
Has HOA: No
Location
Region: Louisville
Financial & listing details
Price per square foot: $169/sqft
Tax assessed value: $185,000
Annual tax amount: $2,375
Date on market: 6/24/2026
Electric utility on property: Yes
Estimated market value
Zestimate®
$228,800
Estimated sales range
$217,000 - $240,000
Rent Zestimate®
$1,602/mo
Price history
Date
Event
Price
6/24/2026
Price change
$235,000-4.1%$169/sqft
Source: Metro Search Inc. LLC DBA Apex MLS #1721338Report a problem
6/5/2026
Price change
$245,000-2%$177/sqft
Source: Metro Search Inc. LLC DBA Apex MLS #1716294Report a problem
5/14/2026
Price change
$250,000+35.1%$180/sqft
Source: Metro Search Inc. LLC DBA Apex MLS #1716294Report a problem
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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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