High-Yield Airbnb Triplex Near UofL, Churchill Downs & Stadium | 2901 South 4th Street, Louisville, KY 40208

Description

2901 South 4th Street presents a rare opportunity to acquire a turnkey triplex ideally positioned for short-term rental (Airbnb) income in one of Louisville’s most event-driven corridors. Located on the corner of South 4th Street and Iowa Avenue, the property sits within walking distance of the University of Louisville, L&N Federal Credit Union Stadium, Churchill Downs and Jim Patterson Stadium—placing it directly in the path of game day traffic, Derby season demand, concerts, and year-round campus activity.

Renovated and reconfigured in Q4 2025 to maximize flexibility and revenue potential, the ±4,960 SF property features three oversized residential units well suited for nightly, weekly, or mid-term stays. The first floor includes a 1 Bedroom / 1 Bathroom unit with a built-in fireplace and a spacious 2 Bedroom / 1 Bathroom unit—both ideal for visiting professionals, traveling nurses, and event-based guests. The second floor offers an expansive 3 Bedroom / 2 Bathroom residence with strong appeal for larger groups and premium nightly rates.

The upper-level unit blends historic character with modern finishes, featuring an original wood-burning fireplace, decorative molding, paneled doors, hardwood flooring, granite kitchen countertops, and a private in-unit laundry room. All units offer generous layouts, multiple points of ingress and egress, and distinct separation—key attributes for efficient short-term rental operations.

Additional upside is provided by a ±2,960 SF unfinished basement and an unfinished attic, offering future expansion, storage, or owner-use potential. The property is zoned C-2, allowing for long-term rentals, potential short-term (Airbnb) use, and live-work configurations, giving investors multiple exit and operating strategies.

Situated on approximately 0.1498 acres, the site includes up to sixteen (16) off-street parking spaces at the rear—an exceptional amenity for short-term guests—along with ample on-street parking. This parking capacity, combined with walkability to major venues, significantly enhances nightly booking appeal during peak demand periods such as Kentucky Derby week, football weekends, baseball season, graduations, and campus events.

With its premier location, flexible zoning, event-driven demand, and recent renovations, 2901 South 4th Street offers a high-yield Airbnb and multifamily investment in one of Louisville’s strongest short-term rental corridors.

Please note, Mark Helm (Broker) and Charlotte Hollkamp (Sales Associate) are licensed real estate agents/brokers in the State of Kentucky. In this transaction, Mark Helm and Charlotte Hollkamp are also members of the Seller entity and are representing themselves and the Seller in this transaction.

2901 South 4th Street presents a rare opportunity to acquire a turnkey triplex ideally positioned for short-term rental (Airbnb) income in one of Louisville’s most event-driven corridors. Located on the corner of South 4th Street and Iowa Avenue, the property sits within walking distance of the University of Louisville, L&N Federal Credit Union Stadium, Churchill Downs and Jim Patterson Stadium—placing it directly in the path of game day traffic, Derby season demand, concerts, and year-round campus activity.

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