For Sale
$1,195,000

1141 2Nd St Louisville, KY 40203

Historic building, 4 units, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional mixed-use property, located at 1141 S 2nd St in Louisville, KY, presents a unique investment opportunity. The 9,191 square foot, three-story building, constructed in 1900 and extensively renovated in 2019, boasts a blend of commercial and residential space. The first floor encompasses over 5,000 square feet of furnished executive office space, ideal for owner-occupancy or leasing. Upstairs, four apartments – one two-bedroom, two-bathroom unit and three one-bedroom, one-bathroom units – generate substantial rental income. Currently utilized as extended-stay rentals, these units command high occupancy rates, averaging approximately $5,000 monthly revenue via a transferable Airbnb account with "Super Host" status. The property retains charming historical details, including stained glass windows and antique hardware, while incorporating modern amenities. Ample rear parking caters to both office occupants and apartment residents. This Class B building sits on a 0.29-acre lot, zoned TNZD-Commercial, offering flexibility for various uses. The asking price is $1,195,000, translating to $144,160 per unit. This presents a compelling opportunity for owner-users seeking a blend of workspace and income generation, or for investors targeting strong cash flow through a combination of commercial leasing and short-term rentals.

Property Details for 1141 2Nd St

Property type
Office properties, Apartment buildings
Square Feet
9,191 SF
Class
B
Year Built/Renovated
1900/2019
Buildings
1
Stories
3
Lot Size (sq. ft)
12,632 SF
Units
4

Location Insight

City
Louisville
County
Jefferson
State
Kentucky
Latitude
38.2355177
Longitude
-85.7565309
1141 2Nd St, Louisville, Kentucky

FAQs

What type of property is this?
Office property - Historic building, 4 units, high ROI.
Where is the office property located?
The property is located at 1141 2Nd St Louisville, KY.
What is the asking price?
The asking price for this property is $1,195,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1141 2Nd St
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