$220,000
Est. payment /mo
4 Beds
2,464 SqFt
Active Under Contract
724 S 38th St Louisville, KY 40211
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,464 sqft
Price per Sqft $89
MLS Listing ID 1699736
Bedrooms 4
HOA Y/N No
Abv Grd Liv Area 2,464
Year Built 1925
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Duplex
Source APEX MLS (Greater Louisville Association of REALTORS®)
Land Area 2464
Property Description
Currently generating $2,500/month ($1,400 + $1,100), this brick duplex rental property in Louisville easily beats the 1% rule. Both units are well-sized, fully occupied, and in demand, offering immediate cash flow and long-term equity growth. The all-brick construction ensures easy maintenance and strong tenant appeal. Backed by Louisville's appreciation metrics—7.14% YTD increase in average sale price and nearly 20% annual growth in median sales price—this property is a strong performer in one of the nation's most resilient housing markets.
Location
State KY
County Jefferson
Direction I-264 to exit 2 toward Muhammad Ali Blvd onto W Muhammad Ali Blvd. Turn left onto S 34th St. Turn right onto W Broadway. Turn left onto S 38th St.
Interior
Heating Natural Gas
Exterior
Exterior Feature None
View Y/N No
Roof Type Shingle
Porch Porch
Garage No
Building
Lot Description Sidewalk
Sewer Public Sewer
Water Public
Structure Type Brick
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