3610 Del Park Terrace, Louisville, KY 40211
LINDELL · Jefferson County
Key Facts
Description
Value-add 14-unit multifamily investment opportunity in West Louisville. The property consists entirely of 1-bedroom, 1-bath units, with 12 units approximately 550+ SF and 2 units approximately 800+ SF. Currently generating ~$8,000/month in gross income with four vacancies, including two recently renovated units now in lease-up, offering immediate upside through stabilization and rent normalization. Market rents are $800+ for market tenants (tenant-paid gas and electric) and $950+ for Section 8 (gross). Each unit is individually metered for LG&E, with water/sewer common. Recent ownership upgrades help reduce near-term CAPEX. Convenient location with quick access to I-264 and major Louisville corridors, positioned in an area seeing continued community investment and redevelopment.
Property Information
Property Type
Residential Income
Sub-Type
Quadruplex
Style
Other
Year Built
1929
Living Area
9,824 sq ft
Lot Size
0.15 sq ft
Lot Dimensions
.15
Days on Market
3
MLS® Listing#
1711511
Property Features
- Exterior:
- None
- Cooling:
- Central Air, Wall/Window Unit(s)
- Heating:
- Radiant, Other
- Construction:
- Brick Veneer
- Roof:
- Asphalt
- Utilities:
- Electricity Connected, Other
- Sewer:
- Public Sewer
- Water Source:
- Public
HOA & Tax
- HOA:
- None
- Parcel #:
- 01006G00370000
Directions
From Downtown Louisville, take W Broadway west, turn right on Lindell Ave, then right on Del Park Terrace. Property will be on the right at 3610 Del Park Terrace.
Affordability Calculator
$196,000
Estimated monthly payment
$5,216/mo
Principal $784,000 · Est. interest $1,093,750 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Louisville, KY
- $300,733
- Median Listing Price
- 41
- Median Days on Market
- 1,719
- Median Sq Ft
- $165
- Median Price / Sq Ft
- 2,202
- Active Listings
- This home’s price is 226% above the area median.
- Its price per sq ft is 39% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Louisville, KY.
Location
- 3610 Del Park Terrace, Louisville, KY 40211
Nearby Schools
Young Elementary School
Elementary · 0.2 mi away
Saint Columba School
Elementary · 0.5 mi away
The Academy at Shawnee
School · 0.6 mi away
Shawnee High School
Secondary · 0.6 mi away
Martin Luther King Jr. Elementary School
Elementary · 0.7 mi away
Brandeis Elementary School
Elementary · 0.9 mi away
West End School
School · 1.0 mi away
Atkinson Academy
School · 1.1 mi away
Byck Elementary School
Elementary · 1.2 mi away
Foster Traditional Academy
Secondary · 1.2 mi away
Maupin Elementary
Elementary · 1.3 mi away
Community Catholic Center
Secondary · 1.3 mi away
Western Middle School for the Arts
Secondary · 1.4 mi away
Emma L Minnis Junior Academy
Elementary · 1.5 mi away
Portland Elementary School
Elementary · 1.5 mi away
Jefferson County Public School
Secondary · 1.5 mi away
Kennedy Montessori Elementary School
Elementary · 1.6 mi away
Northside Christian Academy
School · 1.7 mi away
Portland Christian School
School · 1.7 mi away
Carter Traditional Elementary School
Elementary · 1.8 mi away
Commute Calculator
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Moving Cost Estimate
EXIT Agents in Louisville
Listing Courtesy: Colliers