Prime Triplex Investment Opportunity | Louisville, KY

Description

Situated at 2901 South 4th Street, this newly renovated, two-story ±4,960 SF triplex offers investors a compelling opportunity to acquire a high-quality multifamily asset in one of Louisville’s most rental-driven submarkets. Prominently located on the corner of South 4th Street and Iowa Avenue, the property is within walking distance of the University of Louisville’s main campus, L&N Federal Credit Union Stadium, and Churchill Downs—a strategic location that consistently supports strong student and workforce housing demand.

To capitalize on the depth of rental demand in this corridor, the property was strategically reconfigured in Q4 2025 to enhance unit mix and income potential. The first floor now features two well-appointed residential units, including a 1 Bedroom / 1 Bathroom apartment with a built-in fireplace and an oversized 2 Bedroom / 1 Bathroom apartment. These units are currently marketed at $950/month and $1,800/month, respectively.

The second-floor residence is a spacious 3 Bedroom / 2 Bathroom unit that blends historic character with modern finishes. Notable features include an original wood-burning fireplace, decorative molding, paneled doors, hardwood flooring throughout, granite kitchen countertops, and a private laundry room with washer and dryer. The unit is currently offered at $2,050/month.

Each apartment is designed with multiple points of ingress and egress and generous living and working areas, enhancing functionality and tenant appeal. Additional value is provided by a ±2,960 SF unfinished basement and an unfinished attic, offering future expansion, storage, or value-add potential.

The property’s C-2 zoning provides exceptional flexibility, allowing for long-term or potential short-term leasing as well as live-work arrangements, broadening the potential tenant base. Situated on approximately 0.1498 acres, the site includes up to sixteen (16) dedicated off-street parking spaces at the rear of the building, complemented by ample on-street parking along South 4th Street and Iowa Avenue—an uncommon advantage for a campus-adjacent urban property.

With its strategic location, strong projected rental demand, flexible zoning, and recent renovations, 2901 South 4th Street represents a turnkey multifamily investment in a proven, high-demand Louisville submarket.

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.

Prominently located on the corner of South 4th Street and Iowa Avenue, the property is within walking distance of the University of Louisville’s main campus, L&N Federal Credit Union Stadium, and Churchill Downs—a strategic location that consistently supports strong student and workforce housing demand.

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