1014 Schiller Ave, Louisville, KY 40204
GERMANTOWN · Jefferson County
Key Facts
Description
Germantown - Commercial corner, ZONING leaves options! Successful STR neighbor! Close to Louisville's most beloved restaurants, coffee shops, and local hotspots, 1139 E St. Catherine Street, combined with 1014 & 1016 Schiller Avenue, presents an investment opportunity in one of the city's strongest rental corridors. Held by the same owner for over 20 years, this 3 plex blends historic charm with proven performance. With three separately metered units, in-unit laundry in every unit, and a newer roof plus HVAC updates in the longest-standing apartment, this property is both stable and packed with value-add upside. Two updated units within the past 10yrs are recently vacant and freshly painted. Owner can place tenants or sell vacant, if owner occupied | house hack is desired. Rents have been well below today's Germantown market rates, and one long-term tenant of 20 years is still occupying the property. At stabilization, projected market rents of $1,200-$1,350 per unit and support estimated property values between $440,000 and $500,000+, depending on finishes and cap rate targets. With strong walkability, excellent visibility, and flexible use potential including mixed-use, short-term rentals, or redevelopment into modern urban row-style townhomes, this property is primed for growth and opportunity. This is one of the rare Germantown multifamily assets offering both current cash flow and meaningful future upside. Full Rent Roll and Pro Forma Financials available upon request.
Property Information
Property Type
Residential Income
Sub-Type
Triplex
Style
Other
Year Built
1900
Living Area
2,311 sq ft
Lot Size
0.09 acres
Lot Dimensions
151.48X26.42
Days on Market
21
MLS® Listing#
1714944
Property Features
Exterior
Cooling
Heating
Lot Features
Construction
Roof
Utilities
Sewer
Water Source
Financial Details
HOA
None
Parcel Number
09022J00840000
Directions
Grinstead Drive across Bardstown Rd to Germantown. Continue straight, Take a Right on Schiller Avenue - this property is the entire corner of E St Catherine and Schiller Ave
Affordability Calculator
$76,000
Estimated monthly payment
$2,023/mo
Principal $304,000 · Est. interest $424,107 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 26% above the area median.
- Its price per sq ft is right around the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Louisville, KY.
Location
Points of Interest in Louisville, KY
Showing the Louisville area map.
Nearby Schools
St Therese Catholic Church
School · 0.1 mi away
Jefferson County Traditional Middle School
Secondary · 0.5 mi away
Breckinridge Metropolitan High
Secondary · 0.6 mi away
Bloom Elementary School
Elementary · 0.7 mi away
St Xavier High School
Secondary · 1.1 mi away
Shelby Traditional Academy
School · 1.1 mi away
Breckinridge Franklin Elementary School
Elementary · 1.1 mi away
JCPS Eschool
School · 1.1 mi away
Dawson Orman Education Center
School · 1.1 mi away
Jefferson County High School
Secondary · 1.1 mi away
St Xavier High School
Secondary · 1.1 mi away
St. James School
School · 1.1 mi away
Male High School
Secondary · 1.2 mi away
Home of the Innocents School
School · 1.2 mi away
Engelhard Elementary School
Elementary · 1.3 mi away
Lincoln Elementary Performing Arts School
Elementary · 1.3 mi away
Ackerly
Secondary · 1.4 mi away
Magnolia Montessori
Elementary · 1.5 mi away
Saint Agnes Catholic School
School · 1.5 mi away
De Paul School
Secondary · 1.5 mi away
Commute Calculator
Nearby Homes
Moving Cost Estimate
EXIT Agents in Louisville
Listing Courtesy: EXP Realty LLC - 8886246448