1271 Cherokee Rd,Louisville, KY 40204
Louisville, KY 40204
Description
Exceptional investment opportunity in the heart of Louisville's highly sought-after Cherokee Triangle. 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 walkability 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 just listed 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, unique unit layouts, and carriage house configuration to the opportunity for increased rents and continued modernization, 1271 Cherokee 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!
Details
| MLS # | 1721382 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1890 |
| Days On Site | 84 |
| Listing Provided By | Homepage Realty | Amanda Helfrich |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 10 |
| SQ Feet | 6,285 |
| Basement | Y |
| Units | 7 |
| Acreage | 0.24 |
Area Information
| State | KY |
|---|---|
| County | Jefferson |
| City | Louisville |
| Zip Code | 40204 |
| Area | 02 Butchertwn | Hghlnds | Germantwn |
| Community Name | CHEROKEE TRIANGLE |
| Listing VS Median (in CHEROKEE TRIANGLE) | |
Price: $1,290,000 low | high Med: $517,000 sqft: 6,285 low | high Med: 1,860 $ / sqft: $205 low | high Med: $278 On site: 84 low | high Med: 27.5 | |
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 |
| Community Name | CHEROKEE TRIANGLE |
| Listing VS Median (in CHEROKEE TRIANGLE) | |
Price: $1,290,000 low | high Med: $517,000 sqft: 6,285 low | high Med: 1,860 $ / sqft: $205 low | high Med: $278 On site: 84 low | high Med: 27.5 | |
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