1909 San Jose Ave, Louisville, KY 40216

$950,000
Property Type: Multi Family Bedrooms: 12 Baths: 12 Square Footage: 6,048 Status: Active
Current Price: $950,000 List Date: 4/10/2026 Last Modified: 4/15/2026

Overview

Description

Strong Performing 12-Unit Investment Opportunity on Corner Lot! This well-maintained 12-plex sits on a desirable corner lot with ample off-street parking, making it highly attractive to tenants. The property has seen numerous updates, including the addition of a coin-operated laundry facility in the basement—providing both tenant convenience and an additional income stream. The current rent roll is $9,050/month, with scheduled increases bringing it to $9,400/month as of June 1, 2026. Over the past two years, ownership has successfully increased rents from $6,575 to current levels, demonstrating proven upside and continued value-add potential. Operating at a solid 7.8% cap rate, this asset offers strong cash flow with room for further growth.

Supplements: Operating at a solid 7.8% cap rate, this asset offers strong cash flow with room for further growth. A turnkey investment that is easy to manage and positioned for continued income expansion.

Listing Details MLS# 1713938

General Listing Information

Office Exclusive?
No
Listing Price
950000
Property Sub Type
Apartment
REO/Bank Owned/HUD
No
HOA Y/N
No
HOA Annual $
0

Location

Street #
1909
Street
San Jose
St Suffix
Ave
Area
04-Pleasure Rdg/Valley Station/Shively
County
Jefferson
State/Province
KY
Zip Code
40216
Deed Bk
12802
Parcel ID
109300230000
Pg #
648
Subdivision/Condo
ROGGENKAMP PLACE
Block
1093
Lot
0023
Directions
I264 Watterson Expwy to Dixie Hwy then turn right onto San Jose Ave

Contract Info

Original List Price
950000
Disclosure
No

Property Description

Total # Bedrooms
12
Total Bathrooms
12
SqFt -Total Finished
6048
Above Grade Finished
6048
Below Grade Unfin
3024
Sqft - Total Unfin
3024
SqFt - Source
List Agent
First Floor Laundry
No
Garage Y/N
No
Basement Y/N
Yes
Total Units
12
Lot Size Dimensions
152X160
Security Deposit
700
Age
62
Year Built
1963
# Parking Spaces
20
Covered Parking
No
Term/Lease
Yes
R Factor Ceiling
No
R Factor Wall
No
# of Furnaces
Yes
# of Water Heaters
Yes
Separate Meters
Yes
Sold As-Is
No
M Struct Flood Plain
No
Below Grade Finished
0
Nonconform SqFt Fin
0
Above Grade Unfin
0

1st Level

Total Units
6
# of Rooms
24
Full Baths
6
Closets
12
Kitchen
6
Refrigerator
6
Range
6
Rent
4550

More Information

2nd Level

Total Units
6
# of Rooms
24
Full Baths
6
Closets
12
Kitchen
6
Refrigerator
6
Range
6
Rent
4500

Basement Level

Laundry
Yes

Architectural Style

High Rise
Yes

Lot Description

Corner Lot
Yes
Sidewalk
Yes

Utilities

Electricity Connected
Yes

Water Source

Public
Yes

Sewer

Public Sewer
Yes

Construction

Brick
Yes

Roof

Shingle
Yes

Owner Pays

Gas
Yes
Sewer
Yes
Trash Collection
Yes
Water
Yes

Tenant Pays

Cable TV
Yes
Electricity
Yes

Heating

Other
Yes

Cooling

Wall/Window Unit(s)
Yes

Project Facilities

Laundry Facility
Yes

Exterior

None
Yes

Property Features

Architectural Style: High Rise Construction: Brick Roof: Shingle Owner Pays: Gas; Trash Collection; Water Tenant Pays: Cable TV; Electricity Project Facilities: Laundry Facility Exterior: None Utilities: Electricity Connected Water Source: Public Sewer: Public Sewer Heating: Other Cooling: Wall/Window Unit(s) Lot Description: Corner Lot; Sidewalk

Documents

Listing Office: Genesis Realty LLC
Source MLS Verified
Last Updated: April - 15 - 2026
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