902 E Jefferson St new Save Request In-Person Tour Request Virtual Tour
Louisville,KY 40206
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,188 sqft
Price per Sqft $214
MLS Listing ID 1701694
Style Other
Bedrooms 6
HOA Y/N No
Abv Grd Liv Area 4,188
Year Built 1900
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type Quadruplex
Source APEX MLS (Greater Louisville Association of REALTORS®)
Land Area 4188
Property Description
Over $8,000/mo (nearly 11% CAP rate) in gross rental potential with this versatile duplex/triplex/quadplex or even SFR combo in the heart of NULU. With OR2 zoning, a 625sqft fully-soundproofed studio, and a completely customizable floorplan, 902 E Jefferson is easily poised to cashflow >$2,000/mo or more at current mortgage rates with tremendous future increase possible, as the area continues to boom. This beautiful building is located just one block south of everything that E Market street has grown to become, and directly across from what is planned to be a boutique hotel, making it the ideal location for a storefront, office space, residential rental, or hybrid. STR is also a possibility with its current 4-unit configuration, with intermediate-term (1month or more) rentals such as Furnished Finder possible with no special permitting required on day 1, while the STR application process is being processed. Multiple entrances across the 1st and 2nd levels help transform the home a variety of possible uses, while separate meters and HVAC units across its numerous levels add to the flexibility. Commercial lease spaces in the area currently yield ~30/sfa for 1st floor units, and $20-$25/sfa for 2nd & 3rd floors, while residential leases range from $1300-$3800/mo for 1-, 2-, or 3- bedroom units. With 1780sqft on the ground floor, and another 2400 across the 2nd and 3rd levels, this 4188sqft home can be divided however you choose to maximize both profitability and functionality. For more information on how to unlock the potential of this rare investment opportunity, please give me a call today to schedule your own private showing!
Location
State KY
County Jefferson
Direction Corner of Jefferson (E-W) & Campbell (N-S). Jefferson is now 2-way with street parking.
Interior
Heating Forced Air,Natural Gas
Cooling Central Air
Exterior
Exterior Feature Balcony
View Y/N No
Roof Type Metal,Shingle
Porch Deck,Patio,Porch
Garage No
Building
Lot Description Sidewalk
Sewer Public Sewer
Water Public
Architectural Style Other
Structure Type Aluminum Siding,Brick
Others
Virtual Tour https://cole5inc.hd.pics/902-E-Jefferson-St