Overview
- Updated On:
- December 17, 2025
- 4 Bedrooms
- 2,464 ft2
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.
Address: 724 S 38th St, Louisville, KY 40211
City: Louisville
State/County: Jefferson
Zip: 40211
Country: United States
Open In Google Maps
Property Id : 4265237
Price: $ 220,000
Property Size: 2,464 ft2
Property Lot Size: 0 ft2
Bedrooms: 4
TaxLot: 0082
AboveGradeFinishedArea: 2464
BuildingAreaSource: Other
InternetAutomatedValuationDisplayYN: 1
BelowGradeFinishedArea: 0
StreetNumberNumeric: 724
Roof: Shingle
ConstructionMaterials: Brick
ListAgentFullName: WSG Homes
InternetAddressDisplayYN: 1
CoListAgentKey: 20160715152003073773000000
ListAgentMobilePhone: 502-264-1908
OnMarketDate: 2025-10-02
InternetEntireListingDisplayYN: 1
ListOfficeKey: 20251113162812198461000000
CoListAgentFullName: Drew Wisdom
ListAgentFirstName: WSG Homes
MajorChangeType: New Listing
LotSizeUnits: Square Feet
DocumentsCount: 2
PatioAndPorchFeatures: Porch
LotSizeSquareFeet: 6534
ListingId: 1699736
CoListAgentFirstName: Drew
YearBuilt: 1925
SourceSystemName: APEX MLS (Greater Louisville Association of REALTORS®)
SourceSystemKey: 20250930203832425524000000
StateOrProvince: KY
CoListAgentLastName: Wisdom
ListOfficeName: Real Broker, LLC
LotFeatures: Sidewalk
OriginatingSystemKey: 20250930203832425524000000
VideosCount: 0
PhotosCount: 1
CoListAgentMlsId: 24415
BuildingAreaTotal: 2464
OriginatingSystemName: APEX MLS (Greater Louisville Association of REALTORS®)
Utilities: Electricity Connected, Fuel:Natural
OriginalListPrice: 220000
Sewer: Public Sewer
ListingContractDate: 2025-10-02
StreetSuffix: St
OriginatingSystemID: M00000290
LotSizeDimensions: 0
StreetNumber: 724
StreetName: 38th
ListAgentEmail: denise@wsghomesandproperties.com
ListOfficeMlsId: 20012888
MlsStatus: Active Under Contract
TaxBlock: 043E
LotSizeArea: 6534
SourceSystemID: M00000290
ParcelNumber: 043E00820000
ListAgentMlsId: wsgteam
AssociationFee: 0
Heating: Natural Gas
StreetDirPrefix: S
Directions: 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.
NumberOfUnitsTotal: 2
MLSAreaMajor: 01-Dtwn Old Louisville/Shively/West Lou
MLSAreaMinor: 01-Dtwn Old Louisville/Shively/West Lou
WaterSource: Public
Other Features
Has Heating System
None
$ 1,127.98
per month- Principal and Interest
- Property Tax
- HOA fee
$ 852.98
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