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611 Finzer St

Louisville, KY 40203

$245,000 $1,032/Mo

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Overview

Bed

Bath

1,387

Sqft

0.06

Acre(Lot)

Description

AIRBNB INVESTMENT OPPORTUNITY in the heart of Louisville offering a rare turnkey STR with strong projected returns and no CUP required. This fully furnished property at 611 Finzer St is zoned OR2 and grandfathered for short-term rental use, allowing the next owner to continue operations (buyer to register w/ the city within 30 days of closing). Configured as a 2BR with a 3rd room currently used as a bedroom (non-conforming), this functions as a 3BR opportunity with increased revenue potential. Based on AirDNA projections, the property is expected to generate ~$47,300/yr in gross revenue at ~60% occupancy and $215 ADR, producing an estimated NOI of ~$27,030 and a 10.8% cap rate at the $250K list price. The home will average ~73 bookings/yr w/ ~3-night stays and is being sold fully furnished making it a true plug-and-play investment. Est. operating expenses total ~$20,270/yr including taxes, insurance, utilities, landscaping, maintenance reserves, and cleaning. With an est. DSCR of ~1.7 (based on 75% LTV, 7.5% rate, 30-yr am), this is a highly financeable asset w/ strong cash flow potential. Located in a proven STR corridor w/ consistent demand, this is ideal for investors seeking an income-producing Airbnb, furnished rental, or hybrid personal-use property. Grandfathered STR zoning, turnkey condition, and double-digit projected returns make this a standout opportunity. Accurate self-managed proforma under documents.

Property Details

Property Type : Residential

Price : $245,000

AD Id : 77994600

MLS Id : 1716294

Beds : 2

Lot Size : 0.06 Acre

Living Area Size : 1,387

Year Built : 1900

County : Jefferson

Subdivision: Smoketown

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 2

Bathroom Information

Total Baths: 1 Full Baths: 1

Room Information

Rooms Total: 8 Has Basement: Yes Basement: Crawl Space
Roofing Information

Built-Up, Flat, Shingle
Interior Features

Roof: Built-Up, Flat, Shingle
Heating & Cooling

Has Heating: Yes Heating: Forced Air Has Cooling: Yes Cooling: Central Air

Building Information

Year Built: 1900 Building Area Total: 1287 Construction Materials: Vinyl Siding, Frame Stories: 2 Patio And Porch Features: Patio, Porch Private Pool: No

Lot Information

Main Square Feet: 0.06 Acres Lot Size Acres: 0.06 Lot Size Square Feet: 2779 Lot Description: Level

Property Information

Subdivision: SMOKETOWN Source Property Type: Residential MLS Area Minor: 00-Central Downtown District/Old Louisville Property SubType: Single Family Residence Property Age: 126

Listing Price Information

Listing Price: $245000 Original Price: $250000

Tax Information

Parcel Number: 021B01270000 Tax Lot: 0127 Tax Block: 021B

Parking Information

Off Street

Utility Information

Natural Gas Available, Electricity Connected
Location Information

Direction: Jackson st to Finzer Ave. WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
753 S Shelby St, Louisville, KY, 40203	$257,500	3	2	2,795	2,795 SqFt
1042 S Shelby St, Louisville, KY, 40203	$199,900	1	1	1,016	1,016 SqFt
931 S Clay St, Louisville, KY, 40203	$260,000	2	2	1,100	1,100 SqFt
721 Shelby Pkwy, Louisville, KY, 40203	$199,000	2	1	1,100	1,100 SqFt
722 Camp St, Louisville, KY, 40203	$250,000	2	1	1,234	1,234 SqFt
718 Camp St, Louisville, KY, 40203	$335,000	4	4	2,323	2,323 SqFt
701 Baroness Ave, Louisville, KY, 40203	$307,500	3	2	1,679	1,679 SqFt
704 E Oak St, Louisville, KY, 40203	$349,000	--	--	3,517	3,517 SqFt
641 E Saint Catherine St, Louisville, KY, 40203	$359,000	3	2	1,653	1,653 SqFt
601 E Oak St, Louisville, KY, 40203	$365,000	4	3	1,889	1,889 SqFt

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ByOwner last updated this listing 06/11/2026 @ 08:03

MLS: 1716294 LISTED BY: Jonathan Klunk, EXP Realty LLC 888-624-6448 SOURCE: Greater Louisville Association of REALTORS