339 N 42nd St, Louisville, KY, 40212
About This Home
Incredible opportunity to own three income-producing rental homes on a single parcel in one of Louisville's fastest-growing zip codes, which has appreciated by 47.8% since July 2021. This unique investment includes two 3-bedroom homes and one 2-bedroom home, all with basements, offering ample space and functionality for long-term tenants. With current rents totaling $2918 with a newly vacated unit (was paying $975/month), this bundle will EASILY beat the 1% rule when fully occupied (Pro forma rents total over $3400/month according to LMHA estimates). This property is ideal for buy-and-hold investors, house hackers, or 1031 exchange buyers seeking turnkey rental income with strong appreciation potential. With limited inventory and rapidly rising property values across Louisville, this multi-unit setup is a rare chance to secure a high-yield, appreciating asset in a thriving market.
Getting Around
Car-Dependent
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1937
Materials
- Roof: Shingle
- Construction materials: Vinyl Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subType: Triplex
Interior
Basement
- Has basement: Yes
Features
- Finished area below ground: 0
- Finished area above ground: 2,166
Heating
- Heating features: Forced Air
Interior Area
- Total structure area: 2,166
- Total interior livable area: 2,166 sqft
Property
Details
- Parcel number: 009c00310000
- Attached to another structure: Yes
Features
- Exterior features: None
Lot
- Lot size: 0.32 Acres
- Lot size dimensions: 0
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
- 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 | $1,309 | $15,708 |
| Home Insurance * | $476 | $5,712 |
| Property Taxes | $286 | $3,432 |
| Electricity | $171 | $2,052 |
| Total | $2,242 | $26,904 |
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 |
|---|---|---|
| 2026-01-13 | Price change | $267,500 |
| 2025-12-04 | Listed for sale | $270,000 |
| 2025-09-29 | Contingent | $270,000 |
| 2025-09-02 | Listed for sale | $270,000 |
| 2025-08-29 | Listing removed | $270,000 |
| 2025-08-07 | Listed for sale | $270,000 |
| 2024-07-01 | Sold | $230,000 |
| 2024-06-28 | Pending sale | $240,000 |
| 2024-06-12 | Contingent | $240,000 |
| 2024-05-21 | Listed for sale | $240,000 |
| 2024-05-05 | Listing removed | $345,000 |
| 2024-05-02 | Contingent | $345,000 |
| 2024-04-24 | Price change | $345,000 |
| 2024-04-20 | Listed for sale | $79,000 |
| 2022-02-11 | Sold | $47,500 |
| 2022-01-12 | Pending sale | $65,000 |
| 2022-01-01 | Listed for sale | $65,000 |
| 2021-12-17 | Pending sale | $65,000 |
| 2021-12-14 | Listed for sale | $65,000 |
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