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1251 S Brook St, Louisville, KY 40203
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1251 S Brook St, Louisville, KY 40203
1251 S Brook St, Louisville, KY 40203
1251 S Brook St, Louisville, KY 40203
1251 S Brook St, Louisville, KY 40203
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Team Pruitt

Team Pruitt

+1(502) 442-2030
$ 2,950,000
Est. payment /mo
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1251 S Brook St Louisville, KY 40203

24,952 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 24,952 sqft

Price per Sqft $118

MLS Listing ID 1713850

HOA Y/N No

Abv Grd Liv Area 24,952

Year Built 1930

Lot Size 0.680 Acres

Acres 0.68

Property Sub-Type Apartment

Source APEX MLS (Greater Louisville Association of REALTORS®)

Land Area 24952

Property Description

Located in the heart of historic Old Louisville, this architecturally distinctive asset offers a rare opportunity to acquire an investment in one of the city's most character-rich submarkets. Originally constructed in 1930, the property is subject to a LIHTC program with a 60% AMI restriction set to expire in 2041, except for three units which are subject to the HOME program with a 50% AMI restriction. This provides for both stable in-place income and future upside potential. The asset underwent a comprehensive renovation in 2014, and significant capital improvements include a majority roof replacement completed in 2025. The property features a state-of-the-art access control system, enhancing resident security while preserving the private courtyard setting. Landlord is in the process of transitioning to a tenant-paid utility structure, which will enhance operational efficiency and minimize landlord overhead. Unit interiors are thoughtfully equipped with modern conveniences, including dishwashers and washer/dryer hookups, aligning with renter expectations in today's market. With renovations completed recently, this offering represents a rare scale opportunity in Old Louisville—an area typically characterized by smaller, fragmented assets—making it especially attractive for investors seeking operational efficiencies and long-term growth potential. *This property has an assumable and forgivable HOME loan covering three units that must be assumed.

Location

State KY

County Jefferson

Direction Oak Street to Brook Street

Interior

Heating Other

Exterior

Exterior Feature Balcony

View Y/N No

Roof Type Asphalt

Garage No

Building

Structure Type Brick

Greater Louisville MLS (Metro Search Inc)
Copyright 2026 Metro Search, Inc.
Listed by Colliers
Team Pruitt

Team Pruitt

The Real Estate Team | License ID: 196568

+1(502) 442-2030

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1251 S Brook St

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