339 N 42nd St, Louisville, KY 40212
NONE · Jefferson County
Key Facts
Description
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.
Property Information
Property Type
Residential Income
Sub-Type
Triplex
Style
Ranch
Year Built
1937
Living Area
2,166 sq ft
Lot Size
0.32 acres
Lot Dimensions
0
Days on Market
181
MLS® Listing#
1696938
Property Features
Exterior
Heating
Construction
Roof
Utilities
Sewer
Water Source
Financial Details
HOA
None
Parcel Number
009c00310000
Directions
I-64 to N 38th St. Take exit 1 from I-264 E Take Northwestern Pkwy to N 42nd St
Affordability Calculator
$53,500
Estimated monthly payment
$1,424/mo
Principal $214,000 · Est. interest $298,549 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Louisville, KY
- $300,896
- Median Listing Price
- 38
- Median Days on Market
- 1,722
- Median Sq Ft
- $165
- Median Price / Sq Ft
- 2,251
- Active Listings
- This home’s price is 11% below the area median.
- Its price per sq ft is 25% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Louisville, KY.
Location
- 339 N 42nd St, Louisville, KY 40212
Points of Interest in Louisville, KY
Showing the Louisville area map.
Nearby Schools
The Academy at Shawnee
School · 0.5 mi away
Shawnee High School
Secondary · 0.5 mi away
Saint Columba School
Elementary · 0.6 mi away
Portland Elementary School
Elementary · 0.8 mi away
Martin Luther King Jr. Elementary School
Elementary · 0.8 mi away
Young Elementary School
Elementary · 0.9 mi away
Atkinson Academy
School · 1.0 mi away
Community Catholic Center
Secondary · 1.3 mi away
St. Mary's Catholic Church
School · 1.4 mi away
Portland Christian School
School · 1.5 mi away
The Dolfinger
School · 1.5 mi away
S Ellen Jones Elementary School
Elementary · 1.6 mi away
Northside Christian Academy
School · 1.6 mi away
Byck Elementary School
Elementary · 1.6 mi away
Western Middle School for the Arts
Secondary · 1.7 mi away
Division Street School
School · 1.8 mi away
Brandeis Elementary School
Elementary · 1.9 mi away
Children's Academy-New Albany
School · 1.9 mi away
West End School
School · 2.0 mi away
Scribner Middle School
Secondary · 2.1 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1903 Neville Dr, Louisville, KY | $187,900 | 3 | 2 | 1,420 |
| 110 S 37th St, Louisville, KY | $188,000 | 4 | 2 | 1,624 |
| 3851 S 5th St, Louisville, KY | $188,400 | 3 | 2 | 1,155 |
| 13306 Girvan Ave, Louisville, KY | $189,000 | 3 | 1 | 1,038 |
| 7009 Rainbow Dr, Louisville, KY | $189,000 | 2 | 1 | 1,235 |
| 9208 Hawthorne Pointe Dr 102, Louisville, KY | $189,900 | 2 | 2 | 1,292 |
Moving Cost Estimate
EXIT Agents in Louisville
Listing Courtesy: Real Broker, LLC - denise@wsghomes.com