2307 W Chestnut St, Louisville, KY 40211

$799,900

Scoop up this Fully Leased, 9-Unit Residential Portfolio that exceeds the 1% Rule. Attractively priced under $89k/unit, this package includes 7 SFHs, 1 Duplex and a Vacant Lot. This value-add investment opportunity comes with mostly long-term, M2M tenants at below-market rental rates that provides another investor with a strong basis… Read More to incrementally increase rents. Individually combined, these properties are worth an estimated $950k-$1M thus providing instant equity. This reasonable entry-point provides a solid foundation with stable returns to build upon, regardless if you're a seasoned investor or just entering the market. Don't miss out on this rare chance to acquire a fully rented, income-producing portfolio in a growing market. The 9 doors generate ~$8,381/month: 6216 Hackberry Way: $1,175/mo - tenant M2M since 2008 (3 Bed, 1 Bath, 925 sqft w/ newer roof, cabinets, flooring 2307 W Chestnut St (DUPLEX): $1,689/mo ($989 1st floor section 8; $700 2nd floor) 1414 S Floyd St: $897/mo (Sec 8) - tenant M2M since 2005 (2 Bed, 1 Bath, 810 sqft w/ no central HVAC) 1786 W Gaulbert St: $825/mo - tenant M2M (2 Bed, 1 Bath, 927 sqft w/ newer carpet, updated bath + kitchen, central HVAC, replacement windows) 2107 W Kentucky St: $895/mo (Sec 8) - tenant M2M since 2013 (3 Bed, 1.5 Bath, 1,422 sqft w/ newer roof, central HVAC, 1.5 car garage) 1826 W Hill St: $750/mo - tenant M2M since 1987 (4 Bed, 1 Bath, 1,608 sqft w/ older roof, no central HVAC) 2711 W Market St : $1,350/mo - tenant M2M (4 Bed, 2 Bath, 2,018 sqft w/ space to add 2 more bedrooms upstairs, 2 Car Garage, central HVAC, 2 car garage) 2723 Saint Xavier St: $900/mo - tenant M2M since 2021 (4 Bed, 1 Bath, 1,480 sqft w/ central HVAC, older roof) corner lot that includes 2725 Saint Xavier St (.07 acres) Owner would entertain selling properties into smaller packages. Most homes have newer windows, some roofs replaced and some have granite countertops. The owner has done a nice job keeping the majority of the homes in average or better condition, and addressing issues when they arise. Scoop up this package today to build your portfolio! Please do not approach properties or contact tenants. Buyer to verify any and all information including but not limited to lot size, square footage, structural, utilities, zoning, comparables, # of beds, # of baths, etc Read Less

Courtesy of Sean S Williams, RE/MAX Premier Properties.

Listing Snapshot

Days Online

105

Last Updated

Sep 9, 2025

Property Type

Apartment

Beds

Square Ft.

11,866

Year Built

1890

MLS Number

1687905

Additional Details

Building

Architectural Style: "Other", Building Area Source: Other, Building Area Total: 11,866, Construction Materials: "Vinyl Siding", "Other", "Brick", Living Area: 11,866, Number Of Units Total: 10, Year Built: 1890

Cooling

Cooling Included, Cooling: "Central Air", "Wall/Window Unit(s)"

Exterior Features

Features: "See Remarks"

Garage

Garage Included, 3 garage spaces

Heating

Heating: "Electric", "Forced Air", "Natural Gas", Heating Included

Home Owner's Association

Association Fee: $0

Lot

0 acres, Area: 0, Dimensions: 32.8X161, 0 square feet

Property

Parcel Number: 02001C00980000, Property Sub Type: Apartment

Roof

Roof: "Shingle"

Sewer

Sewer: "Public Sewer"

Taxes

Tax Lot: 0000

Tenant Pays

Tenant Pays: "Cable TV", "Electricity", "Gas", "Sewer", "Water"

Utilities

Utilities: "Electricity Connected", "Fuel:Natural", Water Source: "Public"

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