#1688103, Listing office: RE Solutions LLC
Property details
About 1345 S 3rd St
Turnkey 6 Unit Investment Opportunity in Historic Old Louisville Don't miss this incredible chance to own a fully renovated 6-unit property in the heart of Old Louisville, offering high income potential with minimal upkeep. Spanning 5,258 sq. ft., this self-managed building showcases timeless character with original mantels and beautifully refinished hardwood floors throughout. All units have been remodeled including kitchens & baths. Unit Breakdown: (2) 2-bedroom, 1-bath units (4) 1-bedroom, 1-bath units All units are individually metered, and tenants pay their own utilities. Each unit includes: " Stainless steel appliances and dishwashers " Updated kitchens with granite countertops " Fully remodeled bathrooms with modern PEX/PVC plumbing " Upgraded Electrical in all units " All units fully remodeled with premium finishes " Window A/C units Upgrades & Improvements: " New central furnace installed in 2021 " Significant exterior renovations: new fire escape, new front porch & limestone front steps. " Dedicated off-street parking " Coin-operated laundry in the hallway This property attracts quality tenants and offers strong, consistent cash flow. An exceptional, low-maintenance investment in one of Louisville's most iconic neighborhoods. The building is located in the heart of Old Louisville, close to UofL Cardinal Towne, minutes to Churchill Downs, Downtown and easy convenient access to I-65. Excellent opportunity for higher rent revenue. Any questions contact listing agent. " Refinished hardwood floors " Upgraded kitchens & bathrooms " 3 Roofs (2 within last 3 years) " 2 Water heater " 1 Gas Furnaces (1st & 2nd floors) " 3rd Floor heat, gas & water heater " Window units " Upgraded PEX/PVC plumbing " Updated Electrical panels " Basement storage " Coin-op Laundry in hallway ($140 / month) " Tenants pay electric/gas " Self-managed property " 4 Dedicated parking spaces Rent/Type/Lease 1 $900 (1bed) - 9/30/25 2 Vacant (2 bed) (Goal $1,300-$1,400 / mth) 3 $1,050 (1 bed) - at will 4 $860 (1 bed) - 2/28/26 5 $935 (1 bed) - 2/28/26 6 $1,200 (2 bed) - 5/31/26
Highlights
Home typeCondominium
HeatingForced Air, Natural Gas
StatusActive
CoolingWall/Window Unit(s)
Size5,258 sqft
Year built1880
MLS #1689358
Summary
- Total Bedroom Count: 8
- Exterior: None
- Architectural Style: Traditional
- Heating: Forced Air, Natural Gas
- Cooling: Wall/Window Unit(s)
- List Price: $650,000
- Price/SqFt: $123
- Annual Tax Amount: $5,644
- Tax Year: 2023
- Lot: Sidewalk
- Directions: I-65S Exit St. Catherine St To left(south) on S 3rd st. Building on the left
- Year Built: 1880
- Living Area: 5,258 SqFt
- MLS Number: 1689358
- MLS Name: Metro Search (Greater Louisville Association of REALTORS®)
- Office Name: Column Realty
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: 7/24/2025, 3:40:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 24, 2017 | Home Sold | $315,000 |
| Aug 13, 2007 | Home Sold | $262,000 |
Tax history
| Year | Assessment | Property 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.
Neighborhood
The neighbors living near this home have an average income of $20,457. The most common annual income of people living in Louisville, KY is less than $<35k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
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 Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Ross Dress For Less
Where do the neighbors go to eat?
Boston Market
Popeyes
White Castle
What do the neighbors drive?
Honda
Nissan
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1345 S 3rd St
The listing price of 1345 S 3rd St property is $650,000.
The property 1345 S 3rd St is a condo located in Louisville, Kentucky, 40208.
Active Listing: 1345 S 3rd St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1345 S 3rd St are: Cochran Elementary School (GreatSchools Rating 3/10), Engelhard Elementary School (GreatSchools Rating 1/10), Shelby Elementary School (GreatSchools Rating 1/10), Noe Middle School (GreatSchools Rating 6/10), Meyzeek Middle School (GreatSchools Rating 7/10), Jefferson County Traditional Middle School (GreatSchools Rating 6/10), Dupont Manual High School (GreatSchools Rating 10/10), Jefferson County High School (GreatSchools Rating 2/10), J. Graham Brown School (GreatSchools Rating 9/10).
According to the records, the last property tax for 2023 is $5,644 (source: MLS/based on county public records data).
The last sale was on July 24, 2017 for $315,000 (source: MLS/tax record).
The property at 1345 S 3rd St has 8 bedrooms and 6 bathrooms.
The property 1345 S 3rd St is 5,258 SqFt (source: MLS/tax record).
The year of construction for 1345 S 3rd St is 1880.
This home is located at 1345 S 3rd St in Louisville, KY and zip code 40208 in the Old Louisville neighborhood. This 5,258 square foot home was built in 1880. Features: 8 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since June 11, 2025 and is currently priced at $650,000.
In June 2025, from all listings sold in Louisville, KY there were more than 264 sold above asking price, over 353 sold below and more than 240 were sold right at the asked price. In June 2025 in Louisville, KY there were 6.2% more homes for sale than in May. In June 2025 median list price was $260,694 and the average listing age was 38 days.
From Rocket Homes Real Estate and based on county public records data.