Overview
- Updated On:
- February 2, 2026
- 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: 2026-02-02
InternetEntireListingDisplayYN: 1
ListOfficeKey: 20251113162812198461000000
CoListAgentFullName: Drew Wisdom
ListAgentFirstName: WSG Homes
MajorChangeType: Back On Market
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
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
Fri
05
Jun
Sat
06
Jun
Sun
07
Jun
Mon
08
Jun
Tue
09
Jun
Wed
10
Jun
Thu
11
Jun
Fri
12
Jun
Sat
13
Jun
Sun
14
Jun
Your information
Similar Listings
1014 S Floyd St, Louisville, KY 40203 | MLS#...
$ 295,000
Endless Possibilities with This Unique Property! Was used as office space, this building o ...
Schuler Bauer Real Estate Services ERA Powered
2616-2626 Lindsay Ave, Louisville, KY 40206 ...
$ 350,000
We are pleased to present this 2-UNIT offering consisting of two single family dwellings l ...
Hoagland Commercial Realtors
1100 Baxter Ave, Louisville, KY 40204 | MLS#...
$ 435,000
Highlands Duplex situated on a Rare, Deep Corner Lot! Iconic Baxter Ave promises unbeatabl ...
RE/MAX Premier Properties
1108 Queen Ave 1 & 2, Louisville, KY 402...
$ 225,000
Excellent opportunity for a turnkey investment or owner occupant looking to rent out a uni ...
RE/MAX Premier Properties