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3000 S 5th St, Louisville, KY, 40208

--beds
--baths
3,705sqft
$500,000
$135price/sqft
$3,873/moest. monthly cost
$154,920/yrincome needed

About This Home

Income-producing investment property currently leased to a recovery housing operator generating $5,500 per month in rental income. The property features a large residential structure and detached storage/garage building. Jefferson County PVA currently classifies the property as apartments; however, buyers should independently verify zoning, density, and future intended uses. Suitable for investors seeking cash flow, recovery housing operators, transitional housing providers, workforce housing, or other specialty residential uses.

Getting Around

75
WalkingVery Walkable
0
TransitVery Limited Transit
74
BikeVery Bikeable

Schools

3/10
7/10
Noe Middle SchoolGrades 6-81.3 mi
1/10
Iroquois High SchoolGrades 9-122.4 mi

Construction

Condition

  • Year built: 1910

Materials

  • Roof: Shingle
  • Construction materials: Vinyl Siding,Wood Frame,Brick Veneer,Brick,Stone

Type & Style

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

Interior

Features

  • Finished area below ground: 0
  • Finished area above ground: 3,705

Heating & Cooling

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

Interior Area

  • Total structure area: 3,705
  • Total interior livable area: 3,705 sqft

Property

Details

  • Parcel number: 11050J00330000
  • Attached to another structure: Yes

Features

  • Exterior features: None

Lot

  • Lot size: 5,662 sqft
  • Features: Sidewalk
  • Lot size dimensions: 50 x 110

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

  • Tornado
    TornadoRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Tornado
Heat Wave
Inland Flooding

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 $2,528$30,336
Home Insurance *$699$8,388
Property Taxes $354$4,248
Electricity $292$3,511
Total$3,873$46,476
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$132,788/yr
40% on housing$116,190/yr
45% on housing$103,280/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

$135This listing

vs Other Active Listings

Avg $/sqft

ZIP 40208$100
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
2026-06-22Price change$500,000
2026-06-02Listed for sale$525,000

For Sale by Agent

AgentDenise Wisdom
BrokerageReal Broker, LLC

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