227 Ottawa Ave, Louisville, KY 40209
HIGHLAND PARK · Jefferson County
Key Facts
Description
FANTASTIC INVESTOR OPPORTUNITY- Value-Add Duplex at below market price! This duplex has strong upside potential! Unit 1 is 1-bedroom with laundry hook up, recently getting $950 per month but is now vacant. Unit 2 is 2-bedrooms, with a market rent of $1100 per month. Both units will need cosmetic updates. Pro Forma: $2000/month ($24,000/year). Increase NOI through light renovations and stabilize for strong cash flow or future refinance potential. Ideal for investors looking to force appreciation or house hackers wanting rental income to offset the mortgage. Opportunities at this price point in this area with built-in upside move quickly. Don't let this one pass you by!
Property Information
Property Type
Residential Income
Sub-Type
Duplex
Style
Traditional
Year Built
1900
Living Area
1,359 sq ft
Lot Size
0.07 acres
Lot Dimensions
25x125
Parking Spaces
2
Days on Market
64
MLS® Listing#
1713600
Property Features
Exterior
Cooling
Heating
Patio
Lot Features
Construction
Roof
Utilities
Sewer
Water Source
Financial Details
HOA
None
Parcel Number
12057J01710000
Directions
264 to 3rd street and then left on 3rd street. Take 1st left next to the on ramp and take a right on 1st street. Ottawa is the first street on the left. House is almost at the end on left.
Affordability Calculator
$24,000
Estimated monthly payment
$639/mo
Principal $96,000 · Est. interest $133,929 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 60% below the area median.
- Its price per sq ft is 46% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Louisville, KY.
Location
- 227 Ottawa Ave, Louisville, KY 40209
Points of Interest in Louisville, KY
Showing the Louisville area map.
Nearby Schools
Olmsted North
School · 0.9 mi away
Semple Elementary School
Elementary · 0.9 mi away
Rutherford Elementary School
Elementary · 1.2 mi away
Churchill Park School
School · 1.2 mi away
Frederick Law Olmsted Academy South
School · 1.6 mi away
Hazelwood Elementary School
Elementary · 1.6 mi away
Iroquois High School
Secondary · 1.7 mi away
Kentucky School of Phlebotomy
School · 1.7 mi away
Frayser Elementary School
Elementary · 1.8 mi away
Village School of Louisville
Elementary · 1.9 mi away
St. Francis DeSales High School
Secondary · 2.0 mi away
Louisville Male High School
Secondary · 2.0 mi away
Audubon Traditional Elementary
Elementary · 2.0 mi away
Gheens Academy
School · 2.1 mi away
Jacob Elementary School
Elementary · 2.1 mi away
St Stephen Martyr School
School · 2.1 mi away
Camp Taylor Elementary School
Elementary · 2.2 mi away
Noe Middle School
Secondary · 2.4 mi away
Youth Performing Arts School
Secondary · 2.5 mi away
McFerran Preparatory Academy
School · 2.5 mi away
Commute Calculator
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|---|---|---|---|---|
| 125 S 37th St, Louisville, KY | $84,995 | 2 | 1 | 875 |
| 2319 Duncan St, Louisville, KY | $85,000 | 5 | 1 | 2,176 |
| 4230 Sunset Ave, Louisville, KY | $85,000 | 3 | 1 | 836 |
| 2426 Bank St, Louisville, KY | $85,000 | 3 | 1 | 2,400 |
| 665 Curry Ct, Louisville, KY | $85,000 | 2 | 1 | 768 |
| 1759 W Hill St, Louisville, KY | $87,000 | 3 | 1 | 1,148 |
Moving Cost Estimate
EXIT Agents in Louisville
Listing Courtesy: Totally About Houses - 5023063580