339 N 42nd St
Louisville, KY 40212
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Bed
0
Bath
2,166Sqft
13,939Sqft(Lot)
Incredible opportunity to own three income-producing rental homes on a single parcel in one of Louisville's fastest-growing zip codes, which has appreciated by 47.8% since July 2021. This unique investment includes two 3-bedroom homes and one 2-bedroom home, all with basements, offering ample space and functionality for long-term tenants. With current rents totaling $2918 with a newly vacated unit (was paying $975/month), this bundle will EASILY beat the 1% rule when fully occupied (Pro forma rents total over $3400/month according to LMHA estimates). This property is ideal for buy-and-hold investors, house hackers, or 1031 exchange buyers seeking turnkey rental income with strong appreciation potential. With limited inventory and rapidly rising property values across Louisville, this multi
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Room Information
Has Basement: Yes -
Roofing Information
Shingle -
Interior Features
Roof: Shingle -
Heating & Cooling
Has Heating: Yes Heating: Forced Air
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Building Information
Year Built: 1937 Building Area Total: 2166 Construction Materials: Vinyl Siding Private Pool: No -
Exterior Features
Exterior Features: None
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Lot Information
Main Square Feet: 13939 Square Feet Lot Size Acres: 0.32 Lot Size Square Feet: 13939Property Information
Subdivision: NONE Source Property Type: Residential Income MLS Area Minor: 01-Dtwn Old Louisville/Shively/West Lou Property SubType: Triplex Property Age: 89
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Listing Price Information
Listing Price: $267500 Original Price: $270000
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Tax Information
Parcel Number: 009c00310000 Tax Lot: 0031 Tax Block: 009C
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Utility Information
Electricity Connected -
Location Information
Direction: I-64 to N 38th St. Take exit 1 from I-264 E Take Northwestern Pkwy to N 42nd St WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2201 Griffiths Ave, Louisville, KY, 40212 | $309,900 | 7 | 4 | 4,590 | 4,590 SqFt |
| 2315 Portland Ave, Louisville, KY, 40212 | $279,900 | 5 | 4 | 3,338 | 3,338 SqFt |
| 2518/2520 Rowan St, Louisville, KY, 40212 | $150,000 | 6 | 2 | 2,604 | 2,604 SqFt |
| 400 N 26th St, Louisville, KY, 40212 | $89,995 | -- | -- | -- | |
| 2611 W Market St, Louisville, KY, 40212 | $99,900 | 7 | 3 | 3,465 | 3,465 SqFt |
| 2715 Saint Xavier St, Louisville, KY, 40212 | $122,500 | 3 | 2 | 1,152 | 1,152 SqFt |
| 333 N 29th St, Louisville, KY, 40212 | $155,000 | 8 | 4 | 2,432 | 2,432 SqFt |
| 2751 Alford Ave, Louisville, KY, 40212 | $250,000 | 4 | 4 | 2,184 | 2,184 SqFt |
| 2919 W Market St, Louisville, KY, 40212 | $195,000 | 4 | 4 | 2,212 | 2,212 SqFt |
| 3202 Rudd Ave, Louisville, KY, 40212 | $438,900 | 9 | 5 | 4,026 | 4,026 SqFt |
Similar Multifamily To 339 N 42nd St
Nearby For Sale
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ByOwner last updated this listing 06/19/2026 @ 11:45
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