938 S 1st St, Louisville

Don't miss this rare opportunity to own a substantially rented 5-plex in the highly sought-after historic district of Old Louisville. Bursting with charm and character, this property offers a unique blend of timeless elegance and solid investment potential. Ideally located just minutes from downtown with easy expressway access, this multi-family gem delivers steady cash flow—with a current rent roll well in excess of the ''1% Rule.'' The owner pays water and LG&E for select units, with those costs offset by higher rents. This property is fully stabilized and can be sold individually or as part of a larger 19-unit portfolio including 930, 932 and 936 S 1st Street—an exceptional opportunity to invest in multiple income-producing properties in one of Louisville's most iconic neighborhoods. Rent roll and current-year P&L are available upon request. Please allow 48 hours' notice for showings. Schedule your tour today and step into a turnkey investment opportunity you won't want to miss!