$700,000

1345 S 3rd St Louisville, KY 40208

$8,313
Closing credit¹
8 beds
6 baths
5,235 sqft
0.04 acres
$134 / sqft
Condo

Property details

About 1345 S 3rd St

Investors Take Note. 1880 Victorian in the heart of Old Louisville offers 5235 Sq. Ft. graciously divided into 6 fully renovated apartments. With total rents of $6,245 monthly, minus expenses the cap rate falls right around 8.5%. All units have recently been renovated with new electrical, separate meters, most all new plumbing, kitchens and baths. You will find maple kitchen cabinetry, granite countertops, fully equipped kitchens with new appliances including dishwashers, refrigerators, gas cooktops and ovens. The bathrooms have all been renovated too and shine with tile flooring and tub and shower surrounds in white subway tile with accents. Oak & Pine wood flooring throughout most of the units along with some exposed brick accent walls. Units are in great shape and fully rented. Recent updates include rebuilt front porch structure, new concrete porch stoop and sidewalk, handrails, box gutter tune-up, soffit & cornice repairs and paint, rebuilt fire escape.

Highlights

Home typeCondominium
HeatingForced Air, Natural Gas, Other
StatusActive
CoolingWall/Window Unit(s)
Size5,235 sqft
Lot size0.04 Acres
Year built1880
MLS #1680372

Summary

  • MLS Number: 1680372
  • MLS Name: Metro Search (Greater Louisville Association of REALTORS®)
  • Office Name: RE/MAX Results

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2025 Metro Search, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 3:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front of property featuring brick siding

$700,000

1345 S 3rd St

$8,313

closing credit¹

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Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Jul 24, 2017
Home Sold
$315,000
Aug 13, 2007
Home Sold
$262,000

Tax history

YearAssessmentProperty Tax
2023$420,640$5,644
2022$315,000$4,284
2021$315,000$4,284
2020$315,000$4,565
2019$315,000$4,225
2018$315,000$3,776
2017$289,800$3,776

History based on county public records data.

Nearby schools

3

Cochran Elementary School

Public District KG-5

0.5 mi

500 W Gaulbert Ave

1

Engelhard Elementary School

Public District KG-5

0.5 mi

1004 S 1st St

1

Shelby Elementary School

Public Magnet KG-5

0.9 mi

735 Ziegler St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $20,457. Residents of Louisville, KY typically earn less than $<35k each year. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

How much money do the neighbors make?

68%
<35k
21%
35k-100k
8%
100k-200k
3%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

83%
Single, No Kids
6%
Single, with Kids
8%
Married, No Kids
3%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

6%
<11 yrs old
2%
12-17 yrs old
55%
18-34 yrs old
33%
35-64 yrs old
4%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Major League Soccer (MLS)Major League Soccer (MLS)
  • Mexican League SoccerMexican League Soccer

Where do the neighbors shop?

  • H&MH&M
  • BurlingtonBurlington
  • Ross Dress For LessRoss Dress For Less

Where do the neighbors go to eat?

  • Boston MarketBoston Market
  • PopeyesPopeyes
  • White CastleWhite Castle

What do the neighbors drive?

  • HondaHonda
  • NissanNissan
  • KiaKia

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Urban Adult ContemporaryUrban Adult Contemporary
All data provided by Home Junction and Claritas

Frequently asked questions

About 1345 S 3rd St

This home is located at 1345 S 3rd St in Louisville, KY and zip code 40208 in the Old Louisville neighborhood. This 5,235 square foot home, which was built in 1880, sits on a 0.04 acre lot. Features: 8 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since February 21, 2025 and is currently priced at $700,000.

In January 2025, from all listings sold in Louisville, KY there were more than 92 sold above asking price, over 258 sold below and more than 122 were sold right at the asked price. The number of homes for sale in Louisville, KY decreased by 0.8% between December and January 2025. The median list price of listings available in January 2025 was $256,676, while the average time on the real estate market was 3 days.

From Rocket Homes Real Estate and based on county public records data.

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