USAKYLouisville1251 S Brook St
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$2,950,000

For Sale

11 days ago

1251 S Brook St, Louisville, KY

Condo

MLS® 1713850

0 Bed

0 Bath

24952 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 24952 sqft
Garage 
HOA Fees 
Taxes 
Days Active 11
Approx. Age 1930
Avg. Price Per Sqft $118
MLS® Number 1713850

Property Address: 1251 S Brook St, Louisville, KY, 40203

Average square foot calculated using Size range provided by listing agent.

Description

Located in the heart of historic Old Louisville, this architecturally distinctive asset offers a rare opportunity to acquire an investment in one of the city's most character-rich submarkets. Originally constructed in 1930, the property is subject to a LIHTC program with a 60% AMI restriction set to expire in 2041, except for three units which are subject to the HOME program with a 50% AMI restriction. This provides for both stable in-place income and future upside potential. The asset underwent a comprehensive renovation in 2014, and significant capital improvements include a majority roof replacement completed in 2025. The property features a state-of-the-art access control system, enhancing resident security while preserving the private courtyard setting. Landlord is in the process of transitioning to a tenant-paid utility structure, which will enhance operational efficiency and minimize landlord overhead. Unit interiors are thoughtfully equipped with modern conveniences, including dishwashers and washer/dryer hookups, aligning with renter expectations in today's market. With renovations completed recently, this offering represents a rare scale opportunity in Old Louisville—an area typically characterized by smaller, fragmented assets—making it especially attractive for investors seeking operational efficiencies and long-term growth potential. *This property has an assumable and forgivable HOME loan covering three units that must be assumed.
MLS® Number1713850
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age1930
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 9, 2026List Date
$2,950,000List Price
  • Commute

Commute

Starting Address
Destination Address
1251 S Brook St, Louisville, KY

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