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312 E Ormsby Ave

Louisville, KY 40203
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Bed 8

Bed

Bath 4

Bath

SqFt3,184

Sqft

SqFt9,583

Sqft(Lot)

Rare new construction quadplex opportunity with built-in upside. This to-be-built property will feature four well-designed units, each offering 2 bedrooms, 1 bathroom, and approximately 796 square feet of efficient living space—ideal for maximizing rental income and tenant appeal. Each unit will be thoughtfully laid out to provide comfortable living, low maintenance, and strong long-term performance. With new construction, investors can benefit from reduced capital expenditures and modern systems from day one. An additional value-add opportunity may exist with the potential for an accessory dwelling unit (ADU) at the rear of the property. Plans are currently in the approval process for a proposed 3-bedroom, 1.5-bath residence; however, construction of the ADU is subject to final approv b y the appropriate governing authorities. Pro forma projections indicate a 7% cap rate, making this an attractive option for investors seeking both stability and future growth.

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Detail Ic Property Details

Property Type : Residential Income

Price : $637,143

AD Id : 77655925

MLS Id : 1715037

Beds : 8

Lot Size : 9,583 Sqft

Living Area Size : 3,184

Year Built : 2026

County : Jefferson

Subdivision: Old Louisville

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Feature Features

  • Bedroom Information

    Total beds: 8

    Bathroom Information

    Total Baths: 4
  • Roofing Information

    Shingle
  • Interior Features

    Roof: Shingle
  • Heating & Cooling

    Has Heating: Yes Heating: Electric

  • Building Information

    Year Built: 2026 Building Area Total: 3184 Construction Materials: Vinyl Siding, Frame Patio And Porch Features: Deck, Porch Private Pool: No
  • Exterior Features

    Exterior Features: None

  • Lot Information

    Lot Dimensions: 40.5X226 Main Square Feet: 9583 Square Feet Lot Size Acres: 0.22 Lot Size Square Feet: 9583

    Property Information

    Subdivision: OLD LOUISVILLE Source Property Type: Residential Income MLS Area Minor: 01-Dtwn Old Louisville/Shively/West Lou Property SubType: Quadruplex Property Age: 0

  • Listing Price Information

    Listing Price: $637143

  • Tax Information

    Parcel Number: 08032G01150000 Tax Lot: 0115 Tax Block: 032G

  • Parking Information

    Parking Total: 4

  • Utility Information

    Electricity Connected
  • Location Information

    Direction: From I-65 N. Take exit 134B for Woodbine St. Turn left onto Woodbine St. Turn right onto Evans St. Turn right. Home will be on the right WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
637 E Ormsby Ave, Louisville, KY, 40203 $237,000 4 2 2,168 2,168 SqFt
628 E Oak St, Louisville, KY, 40203 $419,999 7 4 3,202 3,202 SqFt
1014 S Floyd St, Louisville, KY, 40203 $295,000 2 2 2,775 2,775 SqFt
1139 S Brook St, Louisville, KY, 40203 $459,999 6 4 2,810 2,810 SqFt
1164 S Brook St, Louisville, KY, 40203 $669,000 -- -- 4,860 4,860 SqFt
1156 S Brook St, Louisville, KY, 40203 $485,000 8 1 3,501 3,501 SqFt
1222 S Brook St, Louisville, KY, 40203 $249,900 -- -- 3,432 3,432 SqFt
530 W Breckinridge St, Louisville, KY, 40203 $375,000 6 5 3,592 3,592 SqFt
628 W Ormsby Ave, Louisville, KY, 40203 $250,000 3 2 1,848 1,848 SqFt
1853 Bank St, Louisville, KY, 40203 $389,000 8 1 2,474 2,474 SqFt

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ByOwner last updated this listing 06/10/2026 @ 06:08

MLS: 1715037 LISTED BY: Gary Aronov, Real Estate Go To 502-236-9575 SOURCE: Greater Louisville Association of REALTORS

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