519 E Oak St, Louisville, KY 40203 | MLS# 1688106

Description

Unmissable Investment Opportunity in Thriving Shelby Park!

Priced to sell quickly and offered ”AS-IS,” this 2-bedroom, 1.5-bathroom home presents an exceptional chance for savvy investors or individuals looking to build sweat equity in Louisville’s rapidly appreciating Shelby Park neighborhood. Boasting approximately 1,200 square feet of living space, this property stands out with its generous size, offering a valuable additional flex room. This versatile space is ideal for a dedicated home office, a vibrant playroom, or much-needed extra storage, adding significant appeal and functionality. Beyond the interior, you’ll find a fenced-in backyard, providing privacy and a secure outdoor area—a desirable feature in urban settings. The property has been held vacant… since the last lease ended, ensuring a smooth transition for new owners. While some cleanup is needed, it’s primed and ready for its next tenant or homeowner.

Why Shelby Park? This isn’t just a house; it’s an entry point into one of Louisville’s most dynamic and sought-after neighborhoods. Shelby Park is experiencing significant revitalization and growth, drawing new businesses, residents, and development. Residents enjoy walkability, with easy access to essential services including supermarkets, restaurants, and schools. The namesake Shelby Park offers athletic fields, tennis courts, trails, and a community center with an indoor pool. There’s a vibrant local scene, with a diverse array of unique restaurants (from soul food to Roman-style pizza), craft breweries, coffee shops, and artistic venues like Art Sanctuary and Gallerie Hertz Art Gallery. The strong community spirit is evident in ongoing community events, local markets like Logan Street Market, and a strong sense of pride among residents. This property offers strong investment potential, as home values in Shelby Park have shown positive growth, and fixer-uppers offer the potential for significant equity building through strategic renovations. The median sale price in Shelby Park was up 23.8% in May 2025 compared to last year.

This is a true value-add proposition in a competitive market. Take advantage of the lower purchase price, customize the home to your vision, and capitalize on the strong rental demand or future resale potential in this flourishing area. Property is being sold AS-IS with no warranties expressed, written, or implied. Buyer to verify all information, including but not limited to square footage, lot size, utilities, foundation, environmental concerns, zoning, and intended uses. Don’t miss this outstanding opportunity to own a piece of Shelby Park’s exciting future! Act now!