#1683477, Listing office: Housing Associates
$395,000 List price
938 S 1st St Louisville, KY 40203
5 beds
5 baths
4,150 sqft
0.1 acres
$95 / sqft
Condo
Property details
About 938 S 1st St
Don't miss this rare opportunity to own a substantially rented 5-plex in the highly sought-after historic district of Old Louisville. Bursting with charm and character, this property offers a unique blend of timeless elegance and solid investment potential. Ideally located just minutes from downtown with easy expressway access, this multi-family gem delivers steady cash flow—with a current rent roll well in excess of the ''1% Rule.'' The owner pays water and LG&E for select units, with those costs offset by higher rents. This property is fully stabilized and can be sold individually or as part of a larger 19-unit portfolio including 930, 932 and 936 S 1st Street—an exceptional opportunity to invest in multiple income-producing properties in one of Louisville's most iconic neighborhoods. Rent roll and current-year P&L are available upon request. Please allow 48 hours' notice for showings. Schedule your tour today and step into a turnkey investment opportunity you won't want to miss!
Highlights
Home typeCondominium
HeatingZoned, Ductless, Electric, Forced Air, Natural Gas
StatusActive
CoolingCentral Air, Wall/Window Unit(s)
Size4,150 sqft
Lot size0.15 Acres
Year built1900
MLS #1683486
Summary
- Total Bedroom Count: 5
- Exterior: None
- Architectural Style: Traditional
- Heating: Zoned, Ductless, Electric, Forced Air, Natural Gas
- Cooling: Central Air, Wall/Window Unit(s)
- List Price: $395,000
- Price/SqFt: $95
- Annual Tax Amount: $3,492
- Tax Year: 2023
- Lot: Sidewalk
- Directions: Between Kentucky and Breckenridge on 1st
- Year Built: 1900
- Living Area: 4,150 SqFt
- Lot Size: 0.15 Acres
- MLS Number: 1683486
- MLS Name: Metro Search (Greater Louisville Association of REALTORS®)
- Office Name: Housing Associates
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 |
|---|---|---|
| Jun 05, 2020 | Home Sold | $200,000 |
| Nov 05, 2013 | Home Sold | $159,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $260,245 | $3,492 |
| 2022 | $156,750 | $2,131 |
| 2021 | $156,750 | $2,131 |
| 2020 | $156,750 | $2,272 |
| 2019 | $156,750 | $2,102 |
| 2018 | $159,000 | $2,072 |
| 2017 | $159,000 | $2,072 |
History based on county public records data.
Nearby schools
1
Engelhard Elementary School
Public District KG-5
0.1 mi
•1004 S 1st St
1
Coolridge-Taylor Elementary School
Public Magnet KG-5
1.1 mi
•1115 W Chestnut St
3
Cochran Elementary School
Public District KG-5
1.2 mi
•500 W Gaulbert Ave
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 $11,426. Residents of Louisville, KY typically earn less than $<35k each year. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
89%
<35k
9%
35k-100k
2%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
90%
Single, No Kids
7%
Single, with Kids
3%
Married, No Kids
0%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
1%
12-17 yrs old
17%
18-34 yrs old
19%
35-64 yrs old
53%
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
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Frequently asked questions
About 938 S 1st St
The listing price of 938 S 1st St property is $395,000.
The property 938 S 1st St is a condo located in Louisville, Kentucky, 40203.
Active Listing: 938 S 1st St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 938 S 1st St are: Engelhard Elementary School (GreatSchools Rating 1/10), Coolridge-Taylor Elementary School (GreatSchools Rating 1/10), Cochran Elementary School (GreatSchools Rating 3/10), Meyzeek Middle School (GreatSchools Rating 7/10), Noe Middle School (GreatSchools Rating 6/10), Jefferson County Traditional Middle School (GreatSchools Rating 6/10), Jefferson County High School (GreatSchools Rating 2/10), J. Graham Brown School (GreatSchools Rating 9/10), Central High Magnet Career Academy (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $3,492 (source: MLS/based on county public records data).
The last sale was on June 5, 2020 for $200,000 (source: MLS/tax record).
The property at 938 S 1st St has 5 bedrooms and 5 bathrooms.
The property 938 S 1st St is 4,150 SqFt (source: MLS/tax record).
The year of construction for 938 S 1st St is 1900.
This home is located at 938 S 1st St in Louisville, KY and zip code 40203 in the Old Louisville neighborhood. This 4,150 square foot home, which was built in 1900, sits on a 0.15 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since April 4, 2025 and is currently priced at $395,000.
Over 264 listings were sold over their listed price in June 2025 in Louisville, KY. In the same period over 353 listings were sold below the listed price and 240 listings were sold for the listed price. Between May and June 2025, Louisville, KY real estate market has seen increase in the number of listings by 6.2%. The median list price of listings available in June 2025 was $260,694, while the average time on the real estate market was 38 days.
From Rocket Homes Real Estate and based on county public records data.