551 S Shelby St
Louisville, KY 40202
Unique investment opportunity in Phoenix Hill! This 6-plex offers the potential to continue generating rental income or renovate and reposition the property for increased returns. It consists of 4 three bedroom units and 2 two bedroom units. Four of the six units are currently occupied, providing immediate rental income. The remaining units offer additional opportunity, however repairs are needed. Each unit is separately metered for LGE. Owner pays water/sewer/trash. The building is in need of foundation repairs; see the seller's disclosure for additional information. Property is being sold as-is. Buyer to verify square footage.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Roofing Information
Shingle -
Interior Features
Roof: Shingle -
Heating & Cooling
Has Heating: Yes Heating: Forced Air Has Cooling: Yes Cooling: Central Air
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Building Information
Year Built: 1995 Building Area Total: 5380 Construction Materials: Vinyl Siding Private Pool: No -
Exterior Features
Exterior Features: None
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Lot Information
Lot Description: Corner LotProperty Information
Subdivision: PHOENIX HILL Source Property Type: Residential Income MLS Area Minor: 00-Central Downtown District/Old Louisville Property SubType: Apartment Property Age: 31
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Listing Price Information
Listing Price: $295000
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Tax Information
Parcel Number: 04016E00010000 Tax Lot: 0001 Tax Block: 016E
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Parking Information
Parking Total: 4
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Utility Information
Electricity Connected -
Location Information
Direction: Two blocks north of Broadway at the corner of S. Shelby and E. Chestnut.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 218 & 220 S Clay St, Louisville, KY, 40202 | $2,100,000 | -- | -- | 5,948 | 4,400 Sqft |
| 639 E Jefferson St #109, Louisville, KY, 40202 | $279,000 | 1 | 1 | 839 | 0.02 Acre |
| 415 Hancock Green Pl #1.., Louisville, KY, 40202 | $595,000 | 6 | 5 | 3,234 | 0.08 Acre |
| 222 E Witherspoon St #703, Louisville, KY, 40202 | $475,000 | 1 | 2 | 1,349 | -- |
| 222 E Witherspoon St #603, Louisville, KY, 40202 | $829,900 | 2 | 2 | 2,359 | -- |
| 711 W Main St #T, Louisville, KY, 40202 | $675,000 | 2 | 3 | 2,422 | -- |
| 815 W Market St #807, Louisville, KY, 40202 | $285,000 | 2 | 2 | 1,655 | 122.41 Acres |
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Nearby For Sale
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ByOwner last updated this listing 09/04/2026 @ 10:17
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