Located in the highly desirable Cherokee Triangle neighborhood of The Highlands, this triplex offers a rare opportunity to own an income-producing property surrounded by the historic homes and tree-lined streets of Cherokee Road. The property consists of three units: Unit 1 features 2 bedrooms and 1 bathroom, Unit 2 offers 1 bedroom and 1 bathroom, and Unit 3 includes 2 bedrooms and 1.5 bathrooms. All three tenants are long-term, month-to-month residents with rents currently below market, providing a value-add opportunity for investors seeking to increase revenue over time. Utilities are landlord-friendly, with LG&E individually metered and water expenses billed back to the tenants. Perfect for an individual to live in one unit and rent out the other two.
Multi-familyProperty Type
1900Year Built
5,898 sq ftLot Size
$232Price/Sq.Ft.
4 spacesParking
Listed by Joe Grisanti• GRISANTI GROUP COMMERCIAL REAL ESTATE
Well maintained Cherokee Triangle triplex. Perfect owner-occupant property. One flat and two, 2 story units, all leased. Each unit has outside seating/entertaining area. One unit has front proch, two units have decks. Separate meters. Square footage and lot size per PVA. Need 48 hours notice to show.
Year
Property tax
Land + Additions
Assessment*
2025
$6,287 (−1.9%)
$85,000 + $414,000
$499,000
2024
$6,407 (−4.3%)
$85,000 + $414,000
$499,000
2023
$6,697 (+57.6%)
$85,000 + $414,000
$499,000
2014
$4,249
$45,000 + $275,900
$320,900
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
5,837 Sq. Ft.
Year renovated
1900
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
1900
Style
Multi-Family (5+ Unit)
County
Jefferson County
APN
10075C00900000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 8, 2026.
R5B
Residential Two-Family District
The Residential Two-Family District is intended to provide the opportunity for land in the medium Maximum Density residential land development range to be used for single family dwellings, two-family dwellings, semidetached dwellings and carriage houses
Permitted uses
Include but are not limited to:
Agriculture
Community / recreation center
Religious facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Educational/school
Library
Museum / gallery
Park & open space
Aug 11, 2023 • Final
Residential addition
Demolish and remove an existing deck and all waste. Construct a new multi-level pressure treated wood deck with a squared-off layout, including new posts, framing, and staircases. Install new wood railings and pressure treated pine decking boards.
Addition
May 19, 2023 • Final
Residential alteration
Demolish and remove an existing deck. Install a new two-level pressure treated wood deck with a squared-off layout, including new posts, framing, stairs, and wood railings.
Demolition
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 105° expected this year, 21 days in 30 years
2/10 Wind Factor
2% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Louisville, KY • 40204
Average low and high temperatures (°F)
38
23
48
31
66
44
73
54
75
59
86
70
90
74
86
69
84
63
73
53
58
43
47
34
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
85/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.6 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1079 Cherokee Rd
$615,947
$34K under list price of $650K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $425K to $775K.