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$ 1,490,000
Est. payment /mo
New
1271 Cherokee Rd Louisville, KY 40204
8 Beds
10 Baths
6,285 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 6,285 sqft
Price per Sqft $237
Subdivision Cherokee Triangle
MLS Listing ID 1721382
Style Traditional
Bedrooms 8
HOA Y/N No
Abv Grd Liv Area 6,285
Year Built 1890
Lot Size 10,454 Sqft
Acres 0.24
Property Sub-Type Apartment
Source APEX MLS (Greater Louisville Association of REALTORS®)
Land Area 6285
Property Description
Exceptional investment opportunity in the heart of Louisville's highly sought-after Cherokee Triangle. Located at 1271 Cherokee Road, this charming 7-unit multifamily property offers the rare combination of immediate cash flow, value-add potential, and an irreplaceable location surrounded by some of the city's most distinguished historic homes and tree-lined streets. The property consists of five residential units within the stately main residence and two additional units located in the separate carriage house, which benefits from both front street access and rear alley access. Open on-site parking provides added convenience for residents and guests alike. Rich in architectural character and old-world craftsmanship, the buildings showcase the timeless appeal that makes Cherokee Triangle one of Louisville's most desirable neighborhoods. Residents enjoy exceptional walk-ability to local restaurants, coffee shops, Cherokee Park, and neighborhood amenities, supporting strong rental demand and long-term investment stability. Many of the units have been thoughtfully updated to blend historic charm with modern conveniences, featuring appointed kitchens, in-unit laundry, multiple bathrooms, spacious living areas, and attractive finishes. Two units are currently vacant and have recently undergone improvements including fresh paint, new bedroom carpeting, and professional cleaning, positioning them for immediate lease-up and enhanced income potential. Both will be listed soon and are sure to become occupied quickly. Whether you're a seasoned investor seeking a quality asset in a premier rental market, an owner-occupant looking to offset expenses while living on-site, or a buyer searching for a property with future upside or single family conversion potential, this offering delivers flexibility and opportunity. The combination of strong location fundamentals, existing income, rental growth potential, and the enduring appeal of Cherokee Triangle creates a compelling investment rarely available in today's market. From the grand architecture, original leaded and stained-glass windows, and carriage house configuration to the opportunity for increased rents and continued modernization, 1271 Cherokee Road represents a unique chance to own a landmark multifamily asset in one of Louisville's most established and prestigious neighborhoods. Properties with this level of character, scale, income potential, and long-term upside are increasingly difficult to find so don't wait - schedule a tour today!
Location
State KY
County Jefferson
Direction Between Longest Ave and Patterson Ave
Interior
Heating Forced Air
Cooling Central Air
Exterior
Exterior Feature Balcony
View Y/N No
Roof Type Composition
Porch Porch
Garage No
Building
Sewer Public Sewer
Water Public
Architectural Style Traditional
Structure Type Wood Frame,Stone
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Listed by Homepage Realty
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