227 Ottawa Ave
Louisville, KY 40209
3
Bed
2
Bath
1,359Sqft
3,123Sqft(Lot)
FANTASTIC INVESTOR OPPORTUNITY- Value-Add Duplex at below market price! This duplex has strong upside potential! Unit 1 is 1-bedroom with laundry hook up, recently getting $950 per month but is now vacant. Unit 2 is 2-bedrooms, with a market rent of $1100 per month. Both units will need cosmetic updates. Pro Forma: $2000/month ($24,000/year). Increase NOI through light renovations and stabilize for strong cash flow or future refinance potential. Ideal for investors looking to force appreciation or house hackers wanting rental income to offset the mortgage. Opportunities at this price point in this area with built-in upside move quickly. Don't let this one pass you by!
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 3Bathroom Information
Total Baths: 2 -
Roofing Information
Shingle -
Interior Features
Roof: Shingle -
Heating & Cooling
Has Heating: Yes Heating: Forced Air, Natural Gas Has Cooling: Yes Cooling: Wall/Window Unit(s)
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Building Information
Year Built: 1900 Building Area Total: 1359 Construction Materials: Vinyl Siding, Aluminum Siding Patio And Porch Features: Screened, Porch Private Pool: No -
Exterior Features
Exterior Features: None
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Lot Information
Lot Dimensions: 25x125 Main Square Feet: 3123 Square Feet Lot Size Acres: 0.07 Lot Size Square Feet: 3123 Lot Description: See RemarksProperty Information
Subdivision: HIGHLAND PARK Source Property Type: Residential Income MLS Area Minor: 05-Auburndale/Fairdale/IroquoisPrk/Shively Property SubType: Duplex Property Age: 126
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Listing Price Information
Listing Price: $120000 Original Price: $145000
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Tax Information
Parcel Number: 12057J01710000 Tax Lot: 0171 Tax Block: 200
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Parking Information
Parking Total: 2
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Utility Information
Natural Gas Available, Electricity Connected -
Location Information
Direction: 264 to 3rd street and then left on 3rd street. Take 1st left next to the on ramp and take a right on 1st street. Ottawa is the first street on the left. House is almost at the end on left. WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 204 E Florence Ave, Louisville, KY, 40209 | $161,996 | 2 | 2 | 1,140 | 1,140 SqFt |
Similar Multifamily To 227 Ottawa Ave
Nearby For Sale
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ByOwner last updated this listing 06/12/2026 @ 04:58
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