$2,695,000
 $15,302 est/mo Sourced by Back At You
Source MLS Verified

1251 S Brook St,Louisville, KY 40203

Louisville, KY 40203

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Description

Located in the heart of historic Old Louisville, this architecturally distinctive asset offers a rare opportunity to acquire an investment in one of the city's most character-rich submarkets. The asset offers both stable in-place income and future upside potential. The asset underwent a comprehensive renovation in 2014, and significant capital improvements include a majority roof replacement completed in 2025. The property features a state-of-the-art access control system, enhancing resident security while preserving the private courtyard setting. Landlord is in the process of transitioning to a tenant-paid utility structure, which will enhance operational efficiency and minimize landlord overhead. Unit interiors are thoughtfully equipped with modern conveniences, including dishwashers and washer/dryer hookups, aligning with renter expectations in today's market. With renovations completed recently, this offering represents a rare scale opportunity in Old Louisvillean area typically characterized by smaller, fragmented assetsmaking it especially attractive for investors seeking operational efficiencies and long-term growth potential. *This property is subject to a LIHTC program. More information is available upon request.

Details

MLS #1713850
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1930
Days On Site138
Listing Provided ByColliers | Jenny Johnston

Features

SQ Feet24,952
BasementY
Units38
Acreage0.68

Area Information

StateKY
CountyJefferson
CityLouisville
Zip Code40203
Area01 Dtwn Old Louisville | Shively | West Lou
Listing VS Median (in 40203)
Price:
$2,695,000
low | high
Med:
$254,450
100% of Average
sqft:
24,952
low | high
Med:
1,212
100% of Average
$ / sqft:
$108
low | high
Med:
$210
44.673111630838% of Average
On site:
138
low | high
Med:
29.5
100% of Average
Sourced by Back At You

Market Activity 40203

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The information is being provided by Greater Louisville MLS. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 Greater Louisville MLS. All Rights Reserved.

Contact

Learn More About This Property

Debbie Ward

Debbie Ward

Coldwell Banker McMahan

 (859) 621-3029dward312@yahoo.com
StateKY
CountyJefferson
CityLouisville
Zip Code40203
Area01 Dtwn Old Louisville | Shively | West Lou
Listing VS Median (in 40203)
Price:
$2,695,000
low | high
Med:
$254,450
100% of Average
sqft:
24,952
low | high
Med:
1,212
100% of Average
$ / sqft:
$108
low | high
Med:
$210
44.673111630838% of Average
On site:
138
low | high
Med:
29.5
100% of Average
Sourced by Back At You
Listing Updated: July 28, 2026 at 12:51:39 PM PDT

Debbie Ward - Coldwell Banker McMahan