1122 Garvin Pl, Louisville, KY, 40203
About This Home
The Old Louisville Flats. This 32-unit apartment building represents a highly desirable, historically stable asset class with significant value-add potential. Long-term family ownership means pride in ownership with this extremely well-cared-for property. Property Overview & Investment Highlights 32 one-bedroom apartments plus one bonus on-site manager's space in the basement. Located in the historic Old Louisville area, known for its high density of Victorian architecture and strong tenant demand driven by proximity to the University of Louisville, Spalding University, and downtown employment hubs. Value-Add Potential: The "upside in rents" indicates an opportunity to implement easy upgrades to capture market-rate premiums. On-site laundry facilities provide immediate auxiliary income and serve as a vital amenity for the tenants.
Getting Around
Very Walkable
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Year built: 1961
Materials
- Roof: Membrane
- Construction materials: Concrete,Block,Stucco
Type & Style
- Home type: Apartment
- Architectural style: Other
- Property subType: Apartment
Interior
Basement
- Has basement: Yes
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 3
Features
- Finished area below ground: 3,496
- Finished area above ground: 13,908
Heating & Cooling
- Heating features: Natural Gas,Steam
- Cooling features: Other,Wall/Window Unit(s)
Interior Area
- Total structure area: 13,908
- Total interior livable area: 17,404 sqft
Property
Details
- Parcel number: 08029K00260000
- Attached to another structure: Yes
Features
- Exterior features: Balcony,None
Lot
- Lot size: 0.48 Acres
- Features: Sidewalk
- Lot size dimensions: 105 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
- Tornado
- Inland Flooding
- Cold Wave
- Earthquake
- Heat Wave
- Winter Weather
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 | $13,141 | $157,692 |
| Home Insurance * | $2,922 | $35,064 |
| Property Taxes | $1,840 | $22,080 |
| Electricity | $1,374 | $16,493 |
| Total | $19,277 | $231,324 |
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 |
|---|---|---|
| 2026-06-30 | Listed for sale | $2,599,000 |
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