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1240 S 1st St

Louisville, KY 40203
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Bed 6

Bed

Bath 5

Bath

SqFt4,958

Sqft

SqFt6,970

Sqft(Lot)

Awesome Old Louisville 5-unit building with Mid-term rentals located on South First St. Stunning and remarkable renovation that offers 5 Derby themed furnished spaces and is currently bringing in $7,995 per month in rents. 4 one-bedroom units and one spacious 2-bedroom unit. Each unit offers an all-in-one washer/dryer unit for resident convenience. Each unit has fully equipped kitchens (pots, pans, cutlery, dishware, etc.) with stoves, dishwashers, microwaves & refrigerators and all small kitchen appliances. All furniture, bedding, linens, towels, etc.) will remain. Lots of original oak hardwood flooring, original fireplace mantels, some claw foot tubs, all bedrooms have black out blinds in them. Most of the residents are traveling nurses who generally stay for 3 - 6 months. The buil ding went through a full restoration/renovation in 2023 that included updating electrical, plumbing, 5 HVAC systems, new hanging gutters, downspouts & box gutters reworked. All kitchens and baths were thoughtfully renovated at this time as well. Each unit is separately metered for gas & electric (however the current owners pay all utilities and internet as a convenience to the residents). Parking is not an issue here, the 35' X 200' lot provides parking for up to 8 vehicles. Water, sewer, gas and electric average around $1060 per month. The owners also provide Internet access to all units, which is $115 per month.

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Detail Ic Property Details

Property Type : Residential Income

Price : $700,000

AD Id : 90971791

MLS Id : 1727957

Beds : 6

Lot Size : 6,970 Sqft

Living Area Size : 4,958

Year Built : 1897

County : Jefferson

Subdivision: Old Louisville

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Feature Features

  • Bedroom Information

    Total beds: 6

    Bathroom Information

    Total Baths: 5

    Room Information

    Has Basement: Yes
  • Roofing Information

    Asphalt, Shingle
  • Interior Features

    Roof: Asphalt, Shingle
  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air, Natural Gas Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 1897 Building Area Total: 4958 Construction Materials: Brick, Stone, Frame Patio And Porch Features: Deck, Porch Private Pool: No
  • Exterior Features

    Exterior Features: None

  • Lot Information

    Lot Dimensions: 35X200 Main Square Feet: 6970 Square Feet Lot Size Acres: 0.16 Lot Size Square Feet: 6970

    Property Information

    Subdivision: OLD LOUISVILLE Source Property Type: Residential Income MLS Area Minor: 01-Dtwn Old Louisville/Shively/West Lou Property SubType: Apartment Property Age: 129

  • Listing Price Information

    Listing Price: $700000

  • Tax Information

    Parcel Number: 08032B00610000 Tax Lot: 0061 Tax Block: 032B

  • Parking Information

    Parking Total: 7

  • Utility Information

    Natural Gas Available, Electricity Connected
  • Location Information

    Direction: I-65 North - exit St. Catherine left on 1st Street to house WaterSource: Public
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Nearby Home Value

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753 S Shelby St, Louisville, KY, 40203 $245,000 3 2 2,795 0.09 Acre
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729 E Breckinridge St, Louisville, KY, 40203 $269,900 2 2 1,532 0.07 Acre
1034 S Shelby St, Louisville, KY, 40203 $265,000 2 2 1,160 0.09 Acre
719 Lampton St, Louisville, KY, 40203 $290,000 2 2 1,410 0.04 Acre
777 S Clay St, Louisville, KY, 40203 $299,900 3 3 1,428 0.06 Acre
939 S Clay St, Louisville, KY, 40203 $275,000 5 2 1,520 0.09 Acre
725 E Ormsby Ave, Louisville, KY, 40203 $199,900 3 1 1,600 0.06 Acre
641 E Saint Catherine St, Louisville, KY, 40203 $289,000 3 2 1,653 0.16 Acre

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ByOwner last updated this listing 09/04/2026 @ 09:48

MLS: 1727957 LISTED BY: Michael Mawood, RE/MAX Results 502-253-9100 SOURCE: Greater Louisville Association of REALTORS

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