Description
Exceptional Quadplex Investment in the Original Highlands - Welcome to 817 Rubel Ave, a rare opportunity to own a well maintained quadplex in the vibrant Original Highlands-one of Louisville's most sought after neighborhoods. Held by the same family for more than 50 years, this property offers both history and strong income potential in a location that continues to attract long term renters. This fully occupied four unit property features reliable tenants and a current monthly rent roll of $2,550, with one unit vacant. Investors will appreciate the diversified unit mix and consistent rental performance. Unit Breakdown Apartment 1: 1 Bedroom | Tenant pays personal electric Apartment 2: Large Open Studio All utilities included. Apartments 3 : 1 Bedroom All utilities included Apartment 4 Large Open Studio, All utilities included. The owner currently covers water and gas, and tenants benefit from shared washer and dryer access in the basement, adding convenience and value for residents. Outside, the spacious backyard provides a welcoming shared space-perfect for tenant gatherings and community enjoyment. On street parking is readily available. Located near Rubel Park, the property offers convenient access to downtown Louisville, the University of Louisville, major medical centers, restaurants, and entertainment districts, making it highly desirable for renters seeking an urban lifestyle. Investment Highlights Fully occupied quadplex Prime Highlands location Long term ownership history Shared laundry and outdoor common area Close proximity to parks, employment hubs, and entertainment This is a turnkey income producing property in one of Louisville's most dynamic neighborhoods-an opportunity investors will not want to miss.
Details
| MLS # | 1727256 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 27 |
| Listing Provided By | BERKSHIRE HATHAWAY HomeServices, Parks & Weisberg Realtors | Remire M Heinze |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 1 |
| SQ Feet | 2,493 |
| Basement | Y |
| Units | 4 |
| Acreage | 0.00 |
Area Information
| State | KY |
|---|---|
| County | Jefferson |
| City | Louisville |
| Zip Code | 40204 |
| Area | 02 Butchertwn | Hghlnds | Germantwn |
| Listing VS Median (in 40204) | |
Price: $415,000 low | high Med: $325,000 sqft: 2,493 low | high Med: 1,510 $ / sqft: $166 low | high Med: $215 On site: 27 low | high Med: 40 | |
Market Activity 40204
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Learn More About This Property
| State | KY |
|---|---|
| County | Jefferson |
| City | Louisville |
| Zip Code | 40204 |
| Area | 02 Butchertwn | Hghlnds | Germantwn |
| Listing VS Median (in 40204) | |
Price: $415,000 low | high Med: $325,000 sqft: 2,493 low | high Med: 1,510 $ / sqft: $166 low | high Med: $215 On site: 27 low | high Med: 40 | |