7-Unit Student Housing Investment Steps from University

1829 S 3rd St Louisville, KY 40208

1829 S 3rd St, Louisville, KY, 40208
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
Please Call Broker for Price

Last Verified:
Jan 02, 2025

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Description

This meticulously maintained 7-unit student housing apartment building is situated right on the edge of campus, making it a prime investment opportunity. Located within a 10-minute walk to the majority of the University of Louisville's academic buildings and just a mile from Cardinal Stadium and other athletic complexes, the property is highly popular with UofL students and staff.

Adding to its appeal, a 200,000 SF university project sits directly across the street, offering tenants convenient access to food, retail, and other amenities. Each unit includes a private off-street parking space — a rare and valuable perk in this area — ensuring high demand and consistent occupancy.

The current owners have diligently maintained the 5,551 SF property, upgrading plumbing, HVAC systems, and water heaters as needed over the years. Offering dependable occupancy and immediate returns, this property is well-suited for first-time buyers or seasoned investors seeking to diversify their holdings.

Located within a 10-minute walk to the majority of the University of Louisville's academic buildings and just a mile from Cardinal Stadium


Year Built: 1890
Building Size: 5531sq ft
Building Class: C
Lot Size: 0.15 acres

Map of 1829 S 3rd St, Louisville, KY, 40208

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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