920 Cherokee Rd, Louisville, KY, 40204
About This Home
Investor opportunity in the heart of Cherokee Triangle! This classic triplex is back on the market—now offered at a lower price after the seller completed a brand-new slate roof. Full of character and potential, this property features three separate units plus a cellar, making it a strong value-add opportunity. The first-floor unit offers 1 bedroom and 1 full bath, the second-floor unit includes 2 bedrooms and 1 full bath, and the third-floor unit features 1 bedroom and 1 full bath. Beautiful original details can be found throughout, including hardwood floors, tall ceilings, and decorative fireplaces. Situated in one of Louisville's most desirable historic neighborhoods, this property also includes a rear parking pad for added convenience. With over 3,000 square feet of living space , there is ample room to restore and maximize income potential. Property does require updates and improvements—photos reflect the potential with renovation. Whether you're looking to renovate and hold, convert to single family or add to your investment portfolio, this is a rare opportunity in a prime location.
Getting Around
Very Walkable
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Roof: Slate,Rolled/Hot Mop
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subType: Triplex
Interior
Basement
- Has basement: Yes
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
Features
- Finished area below ground: 0
- Finished area above ground: 3,058
Heating & Cooling
- Heating features: Electric,Forced Air,Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 3,058
- Total interior livable area: 3,058 sqft
Property
Details
- Parcel number: 068K00410000
- Attached to another structure: Yes
Features
- Patio & porch: Deck,Patio
- Exterior features: None
Lot
- Lot size: 6,098 sqft
- Features: Sidewalk
- Lot size dimensions: 35 x 180
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
- Heat Wave
- Tornado
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 | $2,528 | $30,336 |
| Home Insurance * | $362 | $4,344 |
| Property Taxes | $354 | $4,248 |
| Electricity | $241 | $2,897 |
| Total | $3,485 | $41,820 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-27 | Listed for sale | $500,000 |
| 2025-07-24 | Listing removed | $540,000 |
| 2025-05-21 | Price change | $540,000 |
| 2025-03-14 | Listed for sale | $550,000 |
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