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2020 Midland Ave

Louisville, KY 40204

$1,556,000 $6,560/Mo

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Description

Located in the historic Cherokee Triangle, this 14-unit property is a rare generational offering. Purpose-built as apartments—an uncommon feature in this submarket—it consists of fourteen 1BR/1BA units with rents well below the sub-market averages. It is just steps from Louisville's most walkable corridors, with convenient access to shopping, dining, and services. Held by the same ownership for decades, the property has benefited from consistent professional management. Units feature forced air heating and central air, with tenants responsible for gas and electric, helping to control operating expenses. Additional savings are achieved through a water and trash recapture program. While current unit conditions meet market demand, there is an opportunity for a new owner to implement upgrades and drive further rent growth. The property has been well maintained with no significant deferred maintenance, and a full electrical panel upgrade was completed in 2023. Opportunities like this are rare, offering stable cash flow and long-term appreciation driven by strong underlying real estate fundamentals.

Property Details

Property Type : Residential Income

Price : $1,556,000

AD Id : 76825456

MLS Id : 1713484

Living Area Size : 7,722

Year Built : 1960

County : Jefferson

Map

What's Nearby

Nearby Areas

Features

Roofing Information

Shingle
Interior Features

Roof: Shingle
Heating & Cooling

Has Heating: Yes Heating: Forced Air

Building Information

Year Built: 1960 Building Area Total: 7722 Construction Materials: Brick Private Pool: No
Exterior Features

Exterior Features: Balcony

Lot Information

Lot Dimensions: 58.5X160

Property Information

Subdivision: NONE Source Property Type: Residential Income MLS Area Minor: 02-Butchertwn/Hghlnds/Germantwn Property SubType: Apartment Property Age: 66

Listing Price Information

Listing Price: $1556000 Original Price: $1810000

Tax Information

Parcel Number: 10075F00270000 Tax Lot: 0 Tax Block: 0

Parking Information

Parking Total: 14

Utility Information

Electricity Connected
Location Information

Direction: Off Bardstown Rd.

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1801 Eastern Pkwy, Louisville, KY, 40204	$419,500	2	2	2,687	2,687 SqFt
1806 Edgeland Ave, Louisville, KY, 40204	$660,000	4	4	2,508	2,508 SqFt
1619 Edgeland Ave, Louisville, KY, 40204	$449,500	3	2	1,835	1,835 SqFt
1363 Tyler Park Dr, Louisville, KY, 40204	$549,000	4	4	2,413	2,413 SqFt
1224 Cherokee Rd, Louisville, KY, 40204	$1,000,000	--	--	8,550	8,550 SqFt
1129 Everett Ave, Louisville, KY, 40204	$685,000	3	4	2,663	2,663 SqFt
2212 Grinstead Dr, Louisville, KY, 40204	$325,000	3	2	1,436	1,436 SqFt
1646 Beechwood Ave, Louisville, KY, 40204	$1,100,000	16	4	6,909	6,909 SqFt
1642 Beechwood Ave, Louisville, KY, 40204	$850,000	--	--	3,764	3,764 SqFt
2128 Grinstead Dr, Louisville, KY, 40204	$315,000	2	2	1,478	1,478 SqFt

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ByOwner last updated this listing 06/14/2026 @ 22:46

MLS: 1713484 LISTED BY: Jenny Johnston, Colliers 502-365-3840 SOURCE: Greater Louisville Association of REALTORS