1251 S Brook St, Louisville, KY 40203

$2,950,000
Property Type: Multi Family Square Footage: 24,952 Lot Size (sq. ft.): 29,459 Status: Active
Current Price: $2,950,000 List Date: 4/09/2026 Last Modified: 4/09/2026

Overview

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.

Supplements: 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 con ...

Listing Details MLS# 1713850

General Listing Information

Office Exclusive?
No
Listing Price
2950000
Property Sub Type
Apartment
HOA Y/N
No
HOA Annual $
0

Location

Street #
1251
St Dir
S
Street
Brook
St Suffix
St
Area
01-Dtwn Old Louisville/Shively/West Lou
County
Jefferson
State/Province
KY
Zip Code
40203
Deed Bk
13004
Parcel ID
08032C00130000
Pg #
808
Subdivision/Condo
NONE
Directions
Oak Street to Brook Street
Block
No
Lot
No

Contract Info

Original List Price
2950000
Disclosure
No

Property Description

SqFt -Total Finished
24952
Above Grade Finished
24952
Below Grade Unfin
1848
Sqft - Total Unfin
1848
SqFt - Source
Other
First Floor Laundry
No
Garage Y/N
No
Basement Y/N
Yes
Total Units
38
Lot SF
29459
Age
96
Year Built
1930
Covered Parking
No
Separate Meters
No
Sold As-Is
Yes
M Struct Flood Plain
Under Review
Below Grade Finished
0
Nonconform SqFt Fin
0
Above Grade Unfin
0
Lot Size Dimensions
No
Security Deposit
No
# Parking Spaces
0
Term/Lease
No
# of Furnaces
0
# of Water Heaters
0

More Information

Utilities

Other
Yes

Construction

Brick
Yes

Roof

Asphalt
Yes

Heating

Other
Yes

Exterior

Balcony
Yes

Property Features

Construction: Brick Roof: Asphalt Exterior: Balcony Utilities: Other Heating: Other
Listing Office: Colliers
Source MLS Verified
Last Updated: April - 09 - 2026
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