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1014 Schiller Ave

Louisville, KY 40204
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Bed 5

Bed

Bath 3

Bath

SqFt2,311

Sqft

SqFt3,920

Sqft(Lot)

Germantown - Commercial corner, ZONING leaves options! Successful STR neighbor! Close to Louisville's most beloved restaurants, coffee shops, and local hotspots, 1139 E St. Catherine Street, combined with 1014 & 1016 Schiller Avenue, presents an investment opportunity in one of the city's strongest rental corridors. Held by the same owner for over 20 years, this 3 plex blends historic charm with proven performance. With three separately metered units, in-unit laundry in every unit, and a newer roof plus HVAC updates in the longest-standing apartment, this property is both stable and packed with value-add upside. Two updated units within the past 10yrs are recently vacant and freshly painted. Owner can place tenants or sell vacant, if owner occupied | house hack is desired. Rents have been well below today's Germantown market rates, and one long-term tenant of 20 years is still occupying the property. At stabilization, projected market rents of $1,200-$1,350 per unit and support estimated property values between $440,000 and $500,000+, depending on finishes and cap rate targets. With strong walkability, excellent visibility, and flexible use potential including mixed-use, short-term rentals, or redevelopment into modern urban row-style townhomes, this property is primed for growth and opportunity. This is one of the rare Germantown multifamily assets offering both current cash flow and meaningful future upside. Full Rent Roll and Pro Forma Financials available upon request.

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Detail Ic Property Details

Property Type : Residential Income

Price : $380,000

AD Id : 77630206

MLS Id : 1714944

Beds : 5

Lot Size : 3,920 Sqft

Living Area Size : 2,311

Year Built : 1900

County : Jefferson

Subdivision: Germantown

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Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 3
  • 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: 1900 Building Area Total: 2311 Construction Materials: Vinyl Siding, Brick Veneer, Frame Private Pool: No
  • Exterior Features

    Exterior Features: None

  • Lot Information

    Lot Dimensions: 151.48X26.42 Main Square Feet: 3920 Square Feet Lot Size Acres: 0.09 Lot Size Square Feet: 3920 Lot Description: Corner Lot

    Property Information

    Subdivision: GERMANTOWN Source Property Type: Residential Income MLS Area Minor: 02-Butchertwn/Hghlnds/Germantwn Property SubType: Triplex Property Age: 126

  • Listing Price Information

    Listing Price: $380000

  • Tax Information

    Parcel Number: 09022J00840000 Tax Lot: 0084 Tax Block: 022J

  • Utility Information

    Natural Gas Available, Electricity Connected
  • Location Information

    Direction: Grinstead Drive across Bardstown Rd to Germantown. Continue straight, Take a Right on Schiller Avenue - this property is the entire corner of E St Catherine and Schiller Ave WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2468 Grinstead Dr, Louisville, KY, 40204 $575,000 5 4 2,771 2,771 SqFt
1801 Rosewood Ave, Louisville, KY, 40204 $434,000 6 3 2,237 2,237 SqFt
1700 Rosewood Ave, Louisville, KY, 40204 $425,000 5 5 2,933 2,933 SqFt
1634 Lucia Ave, Louisville, KY, 40204 $430,000 5 2 2,330 2,330 SqFt
920 Cherokee Rd, Louisville, KY, 40204 $500,000 4 3 3,059 3,058.60 SqFt
1314 Highland Ave, Louisville, KY, 40204 $520,000 5 1 3,718 3,718 SqFt
916 Shelby Pkwy, Louisville, KY, 40204 $390,000 -- -- 2,694 2,694 SqFt
1103 Logan St, Louisville, KY, 40204 $350,000 3 3 1,751 1,751 SqFt
1110 Logan St, Louisville, KY, 40204 $949,000 -- -- 3,432 3,432 SqFt

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ByOwner last updated this listing 06/12/2026 @ 06:32

MLS: 1714944 LISTED BY: Mollie Younger Noe, EXP Realty LLC 888-624-6448 SOURCE: Greater Louisville Association of REALTORS

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