1514 S 3rd St, Louisville, KY, 40208
About This Home
Great Old Louisville Investment offering over 6000 Sq. Ft with 10 rental units all under one roof. Excellent location just 2 blocks from University of Louisville situated on what is known as "Millionaires Row" with stunning exterior architecture. Unlike some, this one still has lots of original "old world charm" with beautiful entry foyer and the grand sweeping staircase, beautiful oak flooring with inlays and numerous original fireplace mantels. There is also off-Street parking for 3 cars off the rear alley. Currently fully rented with $7435 in monthly income and potential to raise rents. There is a large 2 bedroom/2 bath, 4-one bedrooms and 5 studio style apartments. This building is not separately metered; however, the management company uses the ratio utility billing system to recoup the utility expenses from tenants. In 2025 the tenants paid $15,494.00, covering all the utility expenses. This property has a great rental history and is easy to keep fully occupied. See attached rent roll and P&L in documents. First showings will be on Monday, 3/16/26 from 4 - 6 PM. Call your agent or call me to schedule a time in the mentioned window.
Getting Around
Very Walkable
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Year built: 1890
Materials
- Roof: Shingle
- Construction materials: Wood Frame,Brick,Stone
Type & Style
- Home type: Apartment
- Architectural style: Traditional
- Property subType: Apartment
Interior
Basement
- Has basement: Yes
Bedrooms & Bathrooms
- Bedrooms: 11
- Bathrooms: 11
Features
- Finished area below ground: 0
- Finished area above ground: 6,016
Heating & Cooling
- Heating features: Steam,Other
- Cooling features: Wall/Window Unit(s)
Interior Area
- Total structure area: 6,016
- Total interior livable area: 6,016 sqft
Property
Details
- Parcel number: 08033C01300000
- Attached to another structure: Yes
Features
- Patio & porch: Deck,Porch
- Exterior features: None
Lot
- Lot size: 0.18 sqft
- Features: Sidewalk
- Lot size dimensions: 40 x 200
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
- Tornado
- Earthquake
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters Across Kentucky Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,424 | $53,088 |
| Home Insurance * | $1,223 | $14,676 |
| Property Taxes | $619 | $7,428 |
| Electricity | $475 | $5,701 |
| Total | $6,741 | $80,892 |
Income You'd Need if You Spent...
Kentucky FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-07 | Price change | $875,000 |
| 2026-03-11 | Listed for sale | $891,514 |
View on Zillow