38 Unit Old Louisville Multifamily For Sale

1251 S. Brook Street, Louisville, KY 40203

Property Information

  • For Sale $2,695,000
  • Property Type Other
  • Property Size 38 SF
  • Lot Size 0.68 SF
  • Year Built 1930
  • Date Updated Nov 7, 2026

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 Louisville—an area typically characterized by smaller, fragmented assets—making 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.

Available

Contacts

Location

Located at 1251 S. Brook Street, Louisville, KY 40203, this property is part of the Old Louisville neighborhood and Louisville market.

Contact 38 Unit Old Louisville Multifamily For Sale
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.