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3846 Southern Pkwy, Louisville, KY, 40214

4beds
3baths
2,260sqft
$214,000
$95price/sqft
$1,636/moest. monthly cost
$65,440/yrincome needed

About This Home

Set on iconic Southern Parkway, this painted brick and stone tri-plex blends period charm with thoughtful updates. The inviting front porch welcomes you into a property featuring updated LVP flooring, spacious rooms, original doors and trimwork, beadboard details, stylish backsplashes, and decorative fireplace mantles that highlight the building's early 1900s character. The main-level unit offers 2 bedrooms, a full bath, a living room, and a kitchen/dining space, while the two upper units are studio-style layouts with a bedroom, full bath, and combined kitchen/living areas. Each unit enjoys porch access. Current leases include Unit 1 ($700/mo, expires 11/30), Unit 2 (vacant), and Unit 3 ($625/mo, expires 11/30). The property provides five parking spots, with owners covering water an and gas and tenants paying electric. Located along one of Louisville's most beloved corridors, this property places you within minutes of highly rated, locally owned favorites making it a prime investment opportunity in a sought-after setting.

Getting Around

69
WalkingSomewhat Walkable
0
TransitVery Limited Transit
78
BikeVery Bikeable

Schools

2/10
Semple Elementary SchoolGrades K-50.4 mi
1/10
Iroquois High SchoolGrades 9-121.9 mi

Construction

Condition

  • Year built: 1900

Materials

  • Roof: Shingle
  • Construction materials: Brick,Stone

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: 2,260

Heating & Cooling

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

Interior Area

  • Total structure area: 2,260
  • Total interior livable area: 2,260 sqft

Property

Details

  • Parcel number: 051F00140000
  • Attached to another structure: Yes

Features

  • Patio & porch: Porch
  • Exterior features: Balcony

Lot

  • Lot size: 6,098 sqft
  • Features: See Remarks
  • Lot size dimensions: 25 x 186

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
    Heat WaveModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Heat Wave
Tornado

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 $1,082$12,984
Home Insurance *$140$1,680
Property Taxes $236$2,832
Electricity $178$2,141
Total$1,636$19,632
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$56,091/yr
40% on housing$49,080/yr
45% on housing$43,626/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

$95This listing

vs Other Active Listings

Avg $/sqft

ZIP 40214$128
Jefferson County$145

vs Homes Sold Last Month

Median $/sqft

ZIP 40214$141
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)

Price History

DateEventPrice
2026-05-05Price change$234,000
2026-04-20Price change$240,000
2026-04-07Listed for sale$250,000
2025-11-16Listing removed$265,000
2025-10-09Price change$265,000
2025-09-08Price change$270,000
2025-08-26Listed for sale$277,000
2022-09-19Sold$177,500
2006-12-22Sold$80,000
2003-03-11Sold$97,000

For Sale by Agent

AgentJay Arora
Brokerage85W Real Estate

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