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401 Marret Ave, Louisville, KY, 40208

8beds
8baths
11,276sqft
$600,000
$53price/sqft
$5,187/moest. monthly cost
$207,480/yrincome needed

About This Home

This includes two buildings (401 and 405 Marrett Ave). Total 8 units. All 1 bed and 1 bath units. All units are occupied, generating consistent income. We have the rent rolls and NOI attached to the MLS. There are 2 additional buildings next to this also on sale ( 402 Marret Ave, 409 Marret Ave). Both 4-plexs. All 1 bed, 1 bath. Someone interested in buying it all; price can be negotiable.

Getting Around

70
WalkingSomewhat Walkable
0
TransitVery Limited Transit
89
BikeVery Bikeable

Schools

9/10
5/10
Meyzeek Middle SchoolGrades 6-80.8 mi
8/10
Atherton High SchoolGrades 9-123.6 mi

Construction

Condition

  • Year built: 1923

Materials

  • Roof: Other,Asphalt
  • Construction materials: Wood Frame,Stucco

Type & Style

  • Home type: Apartment
  • Architectural style: Traditional
  • Property subType: Apartment

Interior

Basement

  • Has basement: Yes

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 8

Features

  • Finished area below ground: 0
  • Finished area above ground: 11,276

Heating & Cooling

  • Heating features: Forced Air,Natural Gas,Other
  • Cooling features: Other,Wall/Window Unit(s)

Interior Area

  • Total structure area: 11,276
  • Total interior livable area: 11,276 sqft

Property

Details

  • Parcel number: 09023D00010000
  • Attached to another structure: Yes

Features

  • Patio & porch: Deck
  • Exterior features: Balcony

Lot

  • Lot size: 2 sqft
  • Lot size dimensions: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Inland Flooding
Tornado
Cold Wave
Earthquake
Heat Wave

FEMA Declared Disasters Across Kentucky Counties

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,033$36,396
Home Insurance *$839$10,068
Property Taxes $425$5,100
Electricity $890$10,685
Total$5,187$62,244
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$177,840/yr
40% on housing$155,610/yr
45% on housing$138,320/yr

Kentucky FAIR Plan Programs

Kentucky FAIR Plan Reinsurance Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,102Commercial: 175
Total Premiums$2.55M
Total Exposure$206.09M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.3%
6.3%
0%30.0%
Electricity Growth Rate10-year average: 6.0%
6.0%
0%15.0%
Property Taxes Growth Rate2-year average: 2.4%
2.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$53This listing

vs Other Active Listings

Avg $/sqft

ZIP 40208$102
Jefferson County$145

vs Homes Sold Last Month

Median $/sqft

ZIP 40208$120
Jefferson County$160

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-05-20Listed for sale$600,000
2019-05-16Listing removed$525
2019-05-02Price change$525
2019-03-28Listed for rent$550
2019-03-27Sold$415,000

For Sale by Agent

AgentVijay Addala
BrokerageUnited Real Estate Louisville

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