26
See all 26 photos
$495,000
Est. payment /mo
5 Beds
3 Baths
3,600 SqFt
New
1631 Beechwood Ave Louisville, KY 40204
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $137
Subdivision Highlands
MLS Listing ID 1689186
Style Traditional
Bedrooms 5
HOA Y/N No
Abv Grd Liv Area 3,600
Year Built 1910
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Quadruplex
Source Metro Search (Greater Louisville Association of REALTORS®)
Property Description
A super investment opportunity with 4 apartment units of varying sizes. The premium 2-bedroom/1 bathroom carriage house unit over the garage would be ideal for an owner occupant who wants to live away from their tenants but have the other 3 units offset the mortgage. The carriage house apartment previously rented for $1650/month. The main building has three units, one on each floor. The first floor unit is a 1 bedroom/1 bathroom unit which currently rents for $1086 per month. That unit is on a MTM lease. The second floor unit is a 2 bedroom/1 bathroom unit which rents for $1450 per month. That lease expires in September 2025. The third floor unit is a super cute studio unit which rents for $500 per month (a friend of the family discount but should rent for at least $700/month) and is on a short-term 6 month lease. For showing, you will see the largest (the carriage house) and smallest units (the studio) with the other units available to see with accepted offer. Most windows have been replaced, the roofs are updated and it is in a super location. Note that there are 2 electric and 3 gas meters and landlord pays all utilities but another arrangement could be made by a new owner. The carriage house unit will be left vacant so a Buyer can decide if they want it rented or to move into it. Owned by the current family for over 30 years, but it is time to retire. Priced well and therefore is being offered strictly in as-is condition but Buyers are welcome to do their inspections of course.
Location
State KY
County Jefferson
Direction Bardstown Road or Baxter to Beechwood, across from Beechwood Park
Interior
Heating Electric, Forced Air, Natural Gas
Exterior
Exterior Feature See Remarks
Garage Spaces 1.0
View Y/N No
Roof Type Shingle
Porch Deck, Porch
Garage Yes
Building
Sewer Public Sewer
Water Public
Architectural Style Traditional
Structure Type Vinyl Siding,Wood Frame
Copyright 2025 Metro Search, Inc.
Listed by THINK Real Estate LLC