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4307 Elliott Ave

Louisville, KY 40211
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Bed 12

Bed

Bath 6

Bath

SqFt5,408

Sqft

SqFt9,714

Sqft(Lot)

Six-unit multifamily investment opportunity in Louisville with immediate value-add potential. This property currently generates $3,130/month in rental income with only four of the six units occupied, giving the next owner an opportunity to significantly increase revenue through lease-up of the two vacant units. At a list price of $380,000, that's just over $63,000 per unit for a six-unit building with existing cash flow and additional income upside already built in. The property offers a straightforward path for an investor looking to grow a multifamily portfolio: acquire an income-producing asset, fill the remaining vacancies, and work toward stabilizing all six units. With 12 bedrooms, 6 bathrooms and approximately 5,408 finished square feet, the building provides meaningful scale witho ut stepping into a large apartment complex. Located in an established rental area with convenient access to major Louisville employment, transportation and amenities. Four units are currently occupied and producing income, while two vacant units provide the opportunity for a new owner to place tenants and capture additional cash flow. Whether you're expanding an existing portfolio or moving from smaller residential investments into multifamily, this property offers an attractive combination of current income, unit count and upside potential. Schedule your showing and run the numbers.

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Detail Ic Property Details

Property Type : Residential Income

Price : $380,000

AD Id : 91036377

MLS Id : 1728207

Beds : 12

Lot Size : 9,714 Sqft

Living Area Size : 5,408

Year Built : 1946

County : Jefferson

Subdivision: Doerhoefers

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Feature Features

  • Bedroom Information

    Total beds: 12

    Bathroom Information

    Total Baths: 6

    Room Information

    Has Basement: Yes
  • Roofing Information

    Shingle
  • Interior Features

    Roof: Shingle
  • Heating & Cooling

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

  • Building Information

    Year Built: 1946 Building Area Total: 5408 Construction Materials: Brick Veneer Private Pool: No
  • Exterior Features

    Exterior Features: None

  • Lot Information

    Lot Dimensions: 9714 Main Square Feet: 9714 Square Feet Lot Size Acres: 0.22 Lot Size Square Feet: 9714

    Property Information

    Subdivision: DOERHOEFERS Source Property Type: Residential Income MLS Area Minor: 01-Dtwn Old Louisville/Shively/West Lou Property SubType: Apartment Property Age: 80

  • Listing Price Information

    Listing Price: $380000

  • Tax Information

    Parcel Number: 01006A00010000 Tax Lot: 0001 Tax Block: 006A

  • Utility Information

    Natural Gas Available, Electricity Connected
  • Location Information

    Direction: From I-264 W (Watterson Expressway), take Exit 3 toward Hale Ave. Continue via Hale Ave, then Cecil Ave to W Broadway. Turn onto S 44th St, then continue to Elliott Ave. Follow Elliott Ave to 4307 Elliott Ave, Louisville, KY 40211. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2112 W Madison St, Louisville, KY, 40211 $125,000 3 1 1,434 0.11 Acre
2300 W Madison St, Louisville, KY, 40211 $87,000 2 1 880 0.09 Acre
2324 Magazine St, Louisville, KY, 40211 $144,900 4 2 1,542 0.09 Acre
2337 Magazine St, Louisville, KY, 40211 $115,000 2 1 1,270 0.11 Acre
666 S 24th St, Louisville, KY, 40211 $50,000 2 1 905 0.05 Acre
2318 Garland Ave, Louisville, KY, 40211 $140,000 3 2 1,504 0.10 Acre
2421 W Chestnut St, Louisville, KY, 40211 $54,900 1 1 962 0.12 Acre
2506 Howard St, Louisville, KY, 40211 $172,500 3 2 1,104 0.09 Acre
2620 W Madison St, Louisville, KY, 40211 $114,900 3 2 1,080 0.07 Acre
1052 S 26th St, Louisville, KY, 40211 $178,500 3 2 1,762 0.10 Acre

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ByOwner last updated this listing 09/07/2026 @ 13:15

MLS: 1728207 LISTED BY: Denise Wisdom, Real Broker, LLC 855-450-0442 SOURCE: Greater Louisville Association of REALTORS

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