Backup offers
#1687299, Listing office: Metro Realty
Property details
About 514 Iowa Ave
Investor Alert! This 1-bedroom, 1-bath home offers immediate rental income with a brand-new 12-month lease in place at $850/month.Ideally located less than a mile from the University of Louisville and just minutes from Churchill Downs, this property is full of potential. With the option toconvert it into a 2-bedroom layout, it's a smart pick for long-term rental, short-term rental, or a fix-and-flip project. A little TLC could go a long way in boostingvalue. Property is being sold as-is—don't miss your chance to step into a cash-flowing investment from day one!
Highlights
Home typeSingle Family Residence
HeatingForced Air
StatusActive
Size832 sqft
Lot size0.07 Acres
Year built1910
ParkingOn Street
MLS #1686598
Summary
- Full Bathrooms: 1
- Basement: No
- Total Bedroom Count: 1
- Attached Garage: No
- Parking: On Street
- Architectural Style: Shotgun
- Heating: Forced Air
- List Price: $80,000
- Price/SqFt: $96
- Annual Tax Amount: $757
- Tax Year: 2023
- Directions: From I-65 S in Louisville, KY: Take Exit 132 for Crittenden Dr toward Fair/Expo Ctr Gates 2-3-4. Turn right onto Central Ave (1 mi), then right onto S 6th St (0.2 mi). Turn right onto Iowa Ave, then take the first right. Destination is on the left.
- Year Built: 1910
- Stories: 1
- Living Area: 832 SqFt
- Lot Size: 0.07 Acres
- MLS Number: 1686598
- MLS Name: Metro Search (Greater Louisville Association of REALTORS®)
- Office Name: Keller Williams Realty- Louisville
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: 7/30/2025, 2:40:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $56,410 | $757 |
| 2022 | $42,450 | $577 |
| 2021 | $42,450 | $577 |
| 2020 | $42,450 | $615 |
| 2019 | $42,450 | $569 |
| 2018 | $41,580 | $541 |
| 2017 | $41,580 | $541 |
History based on county public records data.
Nearby schools
3
Frayser Elementary School
Public District KG-5
0.7 mi
•1230 Larchmont Ave
2
Semple Elementary School
Public District KG-5
0.9 mi
•724 Denmark St
1
McFerran Elementary School
Public District KG-5
1.1 mi
•1900 S 7th 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 $32,951. The majority of Louisville, KY residents have income less than $<35k annually. Most families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
53%
<35k
45%
35k-100k
2%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
52%
Single, No Kids
25%
Single, with Kids
15%
Married, No Kids
8%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
10%
12-17 yrs old
24%
18-34 yrs old
41%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
Foot Locker
H&M
Where do the neighbors go to eat?
White Castle
Little Caesars
Boston Market
What do the neighbors drive?
Kia
Dodge
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
Similar homes for sale
#1687525, Listing office: Semonin REALTORS
#1687300, Listing office: Metro Realty
3 days on Rocket
#1693732, Listing office: Noir Realty KY LLC
5 days on Rocket
#1693498, Listing office: Champion Properties
#1691627, Listing office: Allodium Real Estate
Backup offers
#1690177, Listing office: RE/MAX Premier Properties
#1684551, Listing office: Fathom Realty Ky LLC
Backup offers
#1675451, Listing office: Bob Hayes Realty Company
#1683907, Listing office: Russ Gailor & Associates
Frequently asked questions
About 514 Iowa Ave
The listing price of 514 Iowa Ave property is $80,000.
The property 514 Iowa Ave is a house located in Louisville, Kentucky, 40208.
Active Listing: 514 Iowa Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 514 Iowa Ave are: Frayser Elementary School (GreatSchools Rating 3/10), Semple Elementary School (GreatSchools Rating 2/10), McFerran Elementary School (GreatSchools Rating 1/10), Noe Middle School (GreatSchools Rating 6/10), Olmstead North Middle School (GreatSchools Rating 3/10), Johnson Traditional Middle School (GreatSchools Rating 4/10), Dupont Manual High School (GreatSchools Rating 10/10), Jefferson County High School (GreatSchools Rating 2/10), Iroquios High School (GreatSchools Rating 1/10).
According to the records, the last property tax for 2023 is $757 (source: MLS/based on county public records data).
The property at 514 Iowa Ave has 1 bedroom and 1 bathroom.
The property 514 Iowa Ave is 832 SqFt (source: MLS/tax record).
The year of construction for 514 Iowa Ave is 1910.
This home is located at 514 Iowa Ave in Louisville, KY and zip code 40208 in the South Louisville neighborhood. This 832 square foot home, which was built in 1910, sits on a 0.07 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since May 12, 2025 and is currently priced at $80,000.
In June 2025 more than 264 listings in Louisville, KY were sold above the asking price. During the same period more than 240 listings were sold at asking price, while more than 353 were sold below. 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.