414 E Oak St Active Save Request In-Person Tour Request Virtual Tour
Louisville,KY 40203
Key Details
Property Type Multi-Family
Sub Type Quadplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,106 sqft
Price per Sqft $152
Subdivision Butchertown
MLS Listing ID 1675999
Style Cape Cod
HOA Y/N No
Abv Grd Liv Area 1,776
Originating Board Metro Search (Greater Louisville Association of REALTORS®)
Year Built 1966
Lot Size 5,227 Sqft
Acres 0.12
Property Description
Turnkey Investment Opportunity in Shelby Park - Quadplex with Diverse Rental Income. Don't miss this chance to own a fully operational rental property in the highly desirable Shelby Park neighborhood. This quadplex offers a unique blend of steady long-term rental income and the potential for lucrative short-term rental earnings.All four units have been thoughtfully remodeled, featuring updated kitchens, bathrooms, flooring, lighting, and fresh paint. Here's what this property offers:Two Long-Term Rental Units: A studio and a two-bedroom unit, currently generating $2,000/month in reliable income. Both tenants are on month-to-month leases and pay their own electricity, while the owner covers water.Two Short-Term Rental Units: A one-bedroom and a two-bedroom unit, perfect for Airbnb or other short-term rental platforms. These units can be rented individually or together, offering flexible income opportunities. With C2 zoning, the possibilities are endlessconvert all units to short-term rentals, maintain the current mix, or explore other creative uses. Other highlights: Separately metered units. Ideal for investors or house hackers looking to offset living costs with rental income. Prime location near downtown Louisville, the Convention Center, UofL, parks, and a variety of popular bars and restaurants, ensuring strong demand and high occupancy rates. This property offers the perfect combination of stability and potential, making it a valuable addition to any portfolio. Please note: Long-term rental units will only be shown to serious buyers, and Airbnb units are often booked on weekends, so weekday showings with notice are preferred. Opportunities like this don't last longschedule your showing today!
Location
State KY
County Jefferson
Direction Eastbound on Oak Street take right past Preston, home is on the right
Interior
Heating Electric
Cooling MiniSplit/Ductless,Central Air
Exterior
Exterior Feature Porch
View Y/N No
Roof Type Flat,Shingle
Garage No
Building
Lot Description Sidewalk
Architectural Style Cape Cod
Structure Type Wood Frame,Vinyl Siding