KY
Jefferson
Louisville
40212
339 N 42nd St
339 N 42nd St, Louisville, KY 40212
Share Listing
Listing Type
Multi Family
Listing Status
Active
15
$267,500

Home Details for 339 N 42nd St

Price
$267,500
Type
Residential Income
Square feet
2166
Year built
1937
Lot size acres
0.32
County
Jefferson
Days on site
336
MLS Listing#
1696938
Property Description

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-unit setup is a rare chance to secure a high-yield, appreciating asset in a thriving market.

Property Features
  • Heating Information
    • Forced Air
  • Water Features
    • Public
  • Utilities
    • Electricity Connected
Listing Courtesy: Real Broker, LLC - 855-450-0442
Greater Louisville Association of Realtors logo The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by IDX Brokerage firms other than EXIT Realty are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Metro Search, Inc. All Rights Reserved.
Transportation
Check the walk, transit, and bike score for
Neighborhood Market Statistics
See average values in the proximity of this property
Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Greater Louisville Association of Realtors.
EXIT REALTY CRUTCHER
8911 Greeneway Commons Pl, Louisville, KY 40220
Office
502 327 9838
Request more details
Code: