1040 Everett Ave, Louisville, KY 40204 | MLS# 1701808

Description

Located in the heart of the Highlands near the cherished Cherokee Triangle, this historic triplex offers an incredible opportunity for investors, owner-occupants, or those looking to convert a multi-unit property back into a grand single-family home. Just steps from Bardstown Road, Cherokee Park, and a short drive to downtown Louisville, the location combines walkability, green space, and urban convenience.

The property features three well-appointed units. The spacious first-floor unit includes two bedrooms and two full bathrooms, offering generous living space and loads of character. The second-floor unit has two bedrooms and two bathrooms, while the cozy third-floor unit provides one bedroom and one bathroom, perfect for generating rental income or accommodating guests. Each unit is equipped with central HVAC and washer/dryer hookups, ensuring modern comfort and practicality.

Throughout the building, you’ll find original hardwood floors, stained glass windows, decorative fireplaces, and beautifully preserved moldings, all of which speak to the property’s rich architectural heritage. Recent updates, including a brand new rear deck, enhance the property’s appeal without compromising its historic charm. The lovely backyard offers a peaceful outdoor retreat, and the rare off-street parking pad behind the building provides three dedicated spaces for added convenience and potential for a garage addition.

Currently operating at 100% occupancy,with total rents at $3,400 per month, but considered below market and projected market rents are $4,355 per month.

Whether you’re looking to live in one unit while renting out the others, expand your rental portfolio, or restore the home to its original single-family grandeur, this property presents a truly unique opportunity in one of Louisville’s most desirable neighborhoods.