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1241 S 1st St, 
Louisville, KY 40203

$425,000


7

Beds


5

Baths


3,828

Sq Ft


Multi-Family

Active

Listed by

Michael Mawood

RE/MAX Results

502-531-9408

Last updated:

August 22, 2025, 08:40 PM

MLS#

1696161

Source:

KY MSMLS

About This Home

1241 S 1st St

This great Old Louisville solid brick 5-plex has two 2-bedroom units & three 1-bedroom units with right at 3828 Sq. Ft. of finished space. The current residents pay for their own gas & electric and the management company uses the Ratio Utility Billing System to capture the building water/sewer costs as well. These units offer lots of Old-World charm and character with original fireplace mantels, lots oak flooring, tall ceilings and spacious rooms. Many long-term tenants reside in the building. There are 5 HVAC systems, 6 water heaters & complimentary washer & dryer in basement for residents use. There are 3 parking spaces off the rear alley that could potentially hold 6 cars if parked in tandem. The building is currently fully leased. Please see the document tab for floor sketches & layouts of the units and current rent roll. Priced at $85K per unit. Minimum of 48-hour notice to show units. Conveniently located near U of L, downtown, the airport and major expressways. This property is located in the Old Louisville Historic Preservation District.

Home Facts

Multi-Family

5 Baths

7 Bedrooms

Built in 1880

Price Summary

425,000

$111 per Sq. Ft.

MLS #:

1696161

Last Updated:

August 22, 2025, 08:40 PM

Added:

6 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

7

Bathrooms

Total Bathrooms:

5

Interior

Living Area:

3,828 Sq. Ft.


Structure

Structure

Architectural Style:

Traditional

Building Area:

3,828 Sq. Ft.

Year Built:

1880


Finances & Disclosures

Finances

Price:

$425,000

Price per Sq. Ft:

$111 per Sq. Ft.

Source:KY MSMLS
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