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Courtesy of RE/MAX Results
For Sale

1514 S 3rd St

1514 S 3rd St, Louisville, KY 40208

$875,000
Great Old Louisville Investment offering over 6000 Sq. Ft with 10 rental units all under one roof. Excellent location just 2 blocks from University of Louisville situated on what is known as "Millionaires Row" with stunning exterior architecture. Unlike some, this one still has lots of original "old world charm" with beautiful entry foyer and the grand sweeping staircase, beautiful oak flooring with inlays and numerous original fireplace mantels. There is also off-Street parking for 3 cars off the rear alley. Currently fully rented with $7435 in monthly income and potential to raise rents. There is a large 2 bedroom/2 bath, 4-one bedrooms and 5 studio style apartments. This building is not separately metered; however, the management company uses the ratio utility billing system to recoup the utility expenses from tenants. In 2025 the tenants paid $15,494.00, covering all the utility expenses. This property has a great rental history and is easy to keep fully occupied. See attached rent roll and P&L in documents. First showings will be on Monday, 3/16/26 from 4 - 6 PM. Call your agent or call me to schedule a time in the mentioned window.

11
beds

11
baths

6,016 Sq.Ft. LIVING AREA

0.18 Sq.Ft. lot

Michael Mawood

Michael Mawood

Features & Amenities

Interior

  • total bedrooms11
  • Total bathrooms11

Area & Lot

  • Status For Sale
  • Living Area6,016 Sq.Ft.
  • Total Area6,016 Sq.Ft.
  • Lot Area0.18 Sq.Ft.
  • MLS® ID1716550
  • TypeOther
  • YEAR BUILT1890
  • NeighborhoodOld Louisville
  • Architecture StylesTraditional

Exterior

  • water SourcePublic
  • utilitiesElectricity Connected, Fuel:Natural
  • roofShingle
  • lot featuresSidewalk
  • HEAT TYPESteam, Other
  • AIR CONDITIONINGWall/Window Unit(s)
  • other exterior FeaturesNone

Financial

  • Sales Price$875,000
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Schedule a Showing

I would love to show you my beautiful property. Please select your preferred date and time below. I will be in touch shortly to confirm your appointment.

Schedule a Showing

I would love to show you my beautiful property. Please select your preferred date and time below. I will be in touch shortly to confirm your appointment.

Thank you for your interest in 1514 S 3rd St, Louisville, KY 40208. We are reviewing your request and will be in touch shortly!
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Experience a client-focused approach built on trust, transparency, and results. With in-depth knowledge of the market and a commitment to clear communication, every transaction is handled with care and precision. From initial consultation to closing, you’ll have reliable support, strategic advice, and a professional who is fully invested in helping you make confident real estate decisions.
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Contact Details

Michael Mawood

Phone

(502) 445-6914

Email

[email protected]

Phone

(502) 253-9100

Address

154 Thierman Ln Louisville, KY 40207 REMAX Results 154 Thierman Ln Louisville, KY 40207

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