$5,379 Closing Credit¹
#1681858, Listing office: Ruby Realty
$550,000 List price
1509 S 3rd St Louisville, KY 40208
$6,531
Closing credit¹
7 beds
5 baths
3,586 sqft
0.1 acres
$153 / sqft
Multi-Family
Property details
About 1509 S 3rd St
Discover a rare multifamily investment opportunity in the heart of Old Louisville on the prestigious ''Millionaire's Row,'' just steps from the University of Louisville campus. This grand Victorian-era quadplex blends historic charm with solid rental income potential. A welcoming covered porch and ornate entry hall lead into four spacious units, two of which have been recently renovated. One unit stands out with 4 bedrooms and 2 bathrooms, making it ideal for an owner-occupant seeking to offset living costs or for attracting premium rent. Tenants are responsible for all utilities, including water, helping to streamline operating expenses. A fenced rear yard offers privacy, while a 3-car garage accessible via the alley provides additional income potential or valuable off-street parking. The building is equipped with two furnaces and one shared water heater, with laundry facilities conveniently located in the basement for all residents. With easy-to-rent units and significant upside in the remaining two units that are either MTM or coming up for lease soon, this property presents an excellent opportunity for investors or owner-occupants alike to secure a piece of one of Louisville's most iconic neighborhoods.
Highlights
Home typeQuadruplex
HeatingForced Air, Natural Gas
StatusActive
CoolingCentral Air, Wall/Window Unit(s)
Size3,586 sqft
Lot size0.15 Acres
Year built1906
MLS #1685255
Garage3 spaces
Summary
- Total Bedroom Count: 7
- Garage Space: 3 spaces
- Exterior: See Remarks
- Architectural Style: Traditional
- Heating: Forced Air, Natural Gas
- Cooling: Central Air, Wall/Window Unit(s)
- List Price: $550,000
- Price/SqFt: $153
- Annual Tax Amount: $5,451
- Tax Year: 2023
- Directions: I-65 to St Catherine to S 3rd Street, Property is on your left
- Year Built: 1906
- Living Area: 3,586 SqFt
- Lot Size: 0.15 Acres
- MLS Number: 1685255
- MLS Name: Metro Search (Greater Louisville Association of REALTORS®)
- Office Name: Six Degrees Real Estate, LLC
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: 6/12/2025, 11:40:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$550,000
1509 S 3rd St
$6,531
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 28, 2013 | Home Sold | $305,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $406,220 | $5,451 |
| 2022 | $340,200 | $4,626 |
| 2021 | $340,200 | $4,626 |
| 2020 | $340,200 | $4,931 |
| 2019 | $340,200 | $4,563 |
| 2018 | $305,000 | $3,975 |
| 2017 | $305,000 | $3,975 |
History based on county public records data.
Nearby schools
3
Cochran Elementary School
Public District KG-5
0.2 mi
•500 W Gaulbert Ave
1
McFerran Elementary School
Public District KG-5
0.9 mi
•1900 S 7th 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 $26,643. Typical income of Louisville, KY residents is less than $<35k annually. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
71%
<35k
17%
35k-100k
6%
100k-200k
6%
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
5%
Single, with Kids
9%
Married, No Kids
3%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
5%
<11 yrs old
2%
12-17 yrs old
60%
18-34 yrs old
27%
35-64 yrs old
6%
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
Foot Locker
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
Similar homes for sale
Backup offers
$3,859 Closing Credit¹
#1677921, Listing office: Allodium Real Estate
$6,519 Closing Credit¹
#1687892, Listing office: Housing Associates
Frequently asked questions
About 1509 S 3rd St
The listing price of 1509 S 3rd St property is $550,000.
The property 1509 S 3rd St is a multi located in Louisville, Kentucky, 40208.
Active Listing: 1509 S 3rd St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1509 S 3rd St are: Cochran Elementary School (GreatSchools Rating 3/10), McFerran 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), Johnson Traditional Middle School (GreatSchools Rating 4/10), Dupont Manual High School (GreatSchools Rating 10/10), Jefferson County High School (GreatSchools Rating 2/10), Central High Magnet Career Academy (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $5,451 (source: MLS/based on county public records data).
The last sale was on October 28, 2013 for $305,000 (source: MLS/tax record).
The property 1509 S 3rd St is 3,586 SqFt (source: MLS/tax record).
The year of construction for 1509 S 3rd St is 1906.
This home is located at 1509 S 3rd St in Louisville, KY and zip code 40208 in the Old Louisville neighborhood. This 3,586 square foot home, which was built in 1906, sits on a 0.15 acre lot. Features: 7 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since April 24, 2025 and is currently priced at $550,000.
While more than 269 listings in Louisville, KY in May 2025 were sold above asking price, there were more than 211 listings sold at asking price, and more than 302 were sold below. The number of listings in Louisville, KY increased by 10.4% between April and May 2025. The median list price of listings available in May 2025 was $259,968, while the average time on the real estate market was 52 days.
From Rocket Homes Real Estate and based on county public records data.