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Kerri Otis

kerriotisrealestatelpt@gmail.com +1(502) 963-2886

$ 725,000

Est. payment | -/mo

4 Beds

4 Baths

3,599 SqFt

Save

$ 725,000

Est. payment | -/mo

Save

4 Beds

4 Baths

3,599 SqFt

Open House

Sun Oct 25, 2:00pm - 4:00pm

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,599 sqft

Price per Sqft $201

Subdivision Cherokee Triangle

MLS Listing ID 1732804

Style Traditional

Bedrooms 4

HOA Y/N No

Abv Grd Liv Area 3,599

Year Built 1920

Lot Size 10,890 Sqft

Acres 0.25

Property Sub-Type Quadruplex

Source APEX MLS (Greater Louisville Association of REALTORS®)

Land Area 3599

Property Description

Welcome to 1319 Willow Avenue, a charming quadplex in the heart of historic Cherokee Triangle! Just down the street from Willow Park and blocks from Cherokee Park and Cherokee Golf Course, this corner-lot property offers approximately 3,599 sq. ft. across two main levels, featuring four occupied 1 bedroom, 1 bath units, thoughtful updates, and exciting future possibilities! A spacious covered front porch and freshly repainted exterior showcase the property's historic character. Inside, Unit 1 offers nearly 1,000 sq. ft. with restored original hardwood floors featuring detailed inlay, preserved architectural details, a renovated kitchen and bath, updated appliances, fresh paint, lighting, and hardware. Unit 2 has freshly painted bathroom walls, Unit 3 includes updated kitchen and bath, and Unit 4 is the second-largest apartment at 840 sq. ft. A rear deck, generous backyard, shared on-site laundry, and ample street parking add convenience and appeal. All four units are occupied by established tenants who welcome the opportunity to stay. Month-to-month leases provide flexibility for future plans and potential rent adjustments to market rates. Tenants pay their own gas and electric, while the owner covers water, common-area utilities, and landscaping. City waste and recycling services are funded through property taxes. The spacious, renovated Unit 1 also offers an attractive future owner-occupancy option, subject to existing tenancy. Additional income potential may exist in the unfinished attic and detached one-car garage with loft, offering opportunities to explore up to two additional units, including a possible carriage-house ADU. All conversions require buyer verification of feasibility, zoning, permits, and historic preservation approvals. The property's contributing historic status may also qualify eligible owner-occupants or investors for Kentucky Heritage Council rehabilitation tax credits, subject to verification of designation and program requirements. With established rental income, meaningful improvements, flexible leases, expansion possibilities, and an unbeatable location near Cherokee Triangle's parks and recreation, 1319 Willow Avenue offers a rare opportunity to invest in one of Louisville's most beloved historic neighborhoods!

Location

State KY

County Jefferson

Direction From I-64 W, take exit 8 for Grinstead Dr., Turn left onto Grinstead Dr., Veer left onto Cherokee Pkwy, and take a Right on Willow Ave., and 1319 Willow Ave. is on the right hand side.

Interior

Heating Natural Gas

Cooling Central Air

Exterior

Exterior Feature None

Garage Spaces 1.0

View Y/N No

Roof Type Asphalt

Porch Deck

Garage Yes

Building

Lot Description Sidewalk

Sewer Public Sewer

Water Public

Architectural Style Traditional

Structure Type Wood Frame

Greater Louisville MLS (Metro Search Inc)

Listed by Keller Williams Collective

Schools and Properties Nearby

Learn More About LPT Realty

+1(502) 963-2886

kerriotisrealestatelpt@gmail.com

https://kerriotisrealestatelpt.com

Cub Run, KY 42729, USA

1319 Willow Ave Louisville, KY 40204