KY > Louisville
Louisville, KY 40212,339 N 42nd St
Louisville, KY 40212,339 N 42nd St
Louisville, KY 40212,339 N 42nd St
Louisville, KY 40212,339 N 42nd St
Louisville, KY 40212,339 N 42nd St
Louisville, KY 40212,339 N 42nd St
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Tommy Arnold

Tommy Arnold

+1(502) 442-1133
$ 270,000
Est. payment | /mo

2,166 SqFt

Save
$ 270,000
Est. payment | /mo
Save

2,166 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,166 sqft

Price per Sqft $124

MLS Listing ID 1696938

Style Ranch

HOA Y/N No

Abv Grd Liv Area 2,166

Year Built 1937

Lot Size 0.320 Acres

Acres 0.32

Property Sub-Type Triplex

Source APEX MLS (Greater Louisville Association of REALTORS®)

Land Area 2166

Property Description

Incredible opportunity to own three income-producing rental homes on a single parcel in one of Louisville's fastest-growing zip codes, which has appreciated by 47.8% since July 2021. This unique investment includes two 3-bedroom homes and one 2-bedroom home, all with basements, offering ample space and functionality for long-term tenants. With current rents totalling $2094 with a newly vacated unit (was paying $975/month), this bundle will EASILY beat the 1% rule when fully occupied (Pro forma rents total over $3400/month according to LMHA estimates). This property is ideal for buy-and-hold investors, house hackers, or 1031 exchange buyers seeking turnkey rental income with strong appreciation potential. With limited inventory and rapidly rising property values across Louisville, this multi-unit setup is a rare chance to secure a high-yield, appreciating asset in a thriving market.

Location

State KY

County Jefferson

Direction I-64 to N 38th St. Take exit 1 from I-264 E Take Northwestern Pkwy to N 42nd St

Interior

Heating Forced Air

Exterior

Exterior Feature None

View Y/N No

Roof Type Shingle

Garage No

Building

Sewer Public Sewer

Water Public

Architectural Style Ranch

Structure Type Vinyl Siding

Greater Louisville MLS (Metro Search Inc)
Copyright 2025 Metro Search, Inc.
Listed by Real Broker, LLC
Tommy Arnold

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(502) 442-1133

tommy@aspirelouisville.com

2420 Lime Kiln Lane - STE E, Louisville, KY, 40222

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339 N 42nd St