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947 E Madison St, Louisville, KY, 40204

--beds
--baths
4,840sqft
$577,000
$119price/sqft
$4,125/moest. monthly cost
$165,000/yrincome needed

About This Home

This fully renovated three-story brick building features three updated residential units above a flexible ground-floor commercial space, creating multiple income streams. Renovations include new roof, new mechanical systems, updated plumbing and electrical, and modern kitchens and baths throughout. A clean, dry, fully renovated basement provides additional storage and operational space. Ideal for investors seeking immediate income or owner-occupants looking to live in one unit while renting the others. Prime location in a high-growth corridor near dining, entertainment, and ongoing development. HIGHLIGHTS: - Prime location near NULU; Just steps from top restaurants, shopping, and Louisville's fastest-growing cultural district - 3-story brick building with classic charm and fully modernized interiors - Three renovated residential units with updated kitchens, baths, and finishes - Versatile ground-floor commercial unit ideal for retail, office, studio, or long-/short-term rental income - Completely turnkey; FULL Renovation w/brand-new roof, new mechanicals, updated plumbing and electrical - Fully Renovated full-service basement; Clean, dry, and great for storage or operations - Flexible income potential; From commercial uses, to long-term leases, short-term rentals, or an owner-occupant setup - High-growth area surrounded by new development and strong rental demand - Low-maintenance investment with all major systems replaced - Rare multi-unit opportunity in a sought-after, centrally located Louisville neighborhood SEE AGENT FOR DETAIL

Getting Around

82
WalkingVery Walkable
0
TransitVery Limited Transit
79
BikeVery Bikeable

Schools

2/10
5/10
Highland Middle SchoolGrades 6-82.3 mi
8/10
Atherton High SchoolGrades 9-123.5 mi

Construction

Condition

  • Year built: 1880

Materials

  • Roof: Shingle
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: Quadruplex

Interior

Basement

  • Has basement: Yes

Features

  • Finished area below ground: 1,060
  • Finished area above ground: 3,780

Heating

  • Heating features: MiniSplit/Ductless,Electric,Forced Air,Natural Gas

Interior Area

  • Total structure area: 3,780
  • Total interior livable area: 4,840 sqft

Property

Details

  • Parcel number: 04016E01710000
  • Attached to another structure: Yes

Features

  • Exterior features: Balcony

Lot

  • Lot size: 2,178 sqft
  • Lot size dimensions: 25 x 95