Just listed in the heart of the Schnitzelburg neighborhood, this well-maintained triplex is an excellent investment opportunity. The property features two upper-level units, each offering 1 bedroom and 1 bathroom, along with a spacious lower-level unit featuring 2 bedrooms and 1 bathroom. Off-street parking provides added convenience for tenants. Whether you're looking to expand your existing investment portfolio or purchase your first income-producing property, this triplex is a fantastic opportunity. The property is professionally managed, with rent rolls and financials available upon request. Contact the listing agent today to schedule your private showing.
Multi-familyProperty Type
1930Year Built
$105Price/Sq.Ft.
3 spacesParking
Listed by Joe Barnett• PML Real Estate Group LLC
Listed by Brian Stocker• PML Real Estate Group LLC
One of the most highly sought after locations in Louisville! Owning this Tri-Plex offers you a Golden Opportunity to earn a regular positive cash flow each month or perhaps give you a place of your own to live while your other tenants pay your mortgage. Equity potential in a booming part of town plus a regular monthly income is a Double Bonus to you. Bonuses include... NEW Roof in 2011, NEW Sump Pump installed, Water Heaters are only a few years old, Private Parking in the lot behind the building, ALL units are currently rented, Laundry in the Basement for all tenants to use, two of the units have Bonus Sunrooms, and there is extra Basement Storage for all tenants. Landlord pays the water and half the heat, tenant pays all other expenses. Great investment opportunity waiting for you!
Metro Search MLS #1519292
Feb 28, 2019
Listing Removed
—
Nov 13, 2018
Listed
$265,000
$89/sq ft
Metro Search MLS #1512357
Nov 13, 2018
Listing Removed
—
Aug 20, 2018
Listed
$275,000
$92/sq ft
Metro Search MLS #1489791
Jan 10, 2018
Listing Removed
—
Nov 1, 2017
Listed
$299,000
$100/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,508 (+18.8%)
$45,000 + $233,400
$278,400
2024
$2,953 (−4.3%)
$45,000 + $233,400
$278,400
2023
$3,087
$18,000 + $212,000
$230,000
Public record
Beds
—
Baths
—
Stories
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Lot width
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Lot depth
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Lot size
6,142 Sq. Ft.
Year renovated
1930
Finished Sq. Ft.
—
Unfinished Sq. Ft.
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Total Sq. Ft.
—
Year built
1930
Style
Multi-Family (5+ Unit)
County
Jefferson County
APN
09024J00770000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
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Last updated by owner on Jun 3, 2026.
Climate risks
4/10 Flood Factor
Estimated 14-20% chance 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
1% 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 • 40217
Average low and high temperatures (°F)
38
23
48
31
66
44
73
54
75
59
87
71
91
75
87
69
84
64
73
53
58
43
47
34
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
74/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.8 hrs
4.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2235 1/2 S Shelby St
$309,257
$3,243 under list price of $313K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $170K to $360K.