Listing provided courtesy of Real Broker, LLCMLS# 1696938MLS ProviderContact Information: [email protected]
  • 208 days on site
  • 0 views

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.

Source: Louisville MLS, MLS#: 1696938

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  • Property Type
    Residential Income
  • Lot
    0.32 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 339 N 42nd St


Schools

School data unavailable,
School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
1/13/2026Source: Louisville MLS Price Reduction
$267,500 -0.9%
12/4/2025Source: Louisville MLS Status Change
Active
9/29/2025Source: Louisville MLS Status Change
Active Under Contract
9/2/2025Source: Louisville MLS Added to Database
September 02, 2025
7/3/2024Source: Louisville MLS Status Change
Closed
6/28/2024Source: Louisville MLS Status Change
Pending
6/12/2024Source: Louisville MLS Status Change
Active Under Contract
5/21/2024Source: Louisville MLS Added to Database
May 21, 2024