551 S Shelby St,Louisville, KY 40202
Louisville, KY 40202
Description
Unique investment opportunity in Phoenix Hill! This 6-plex offers the potential to continue generating rental income or renovate and reposition the property for increased returns. It consists of 4 three bedroom units and 2 two bedroom units. Four of the six units are currently occupied, providing immediate rental income. The remaining units offer additional opportunity, however repairs are needed. Each unit is separately metered for LGE. Owner pays water/sewer/trash. The building is in need of foundation repairs; see the seller's disclosure for additional information. Property is being sold as-is. Buyer to verify square footage.
Details
| MLS # | 1727867 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1995 |
| Days On Site | 16 |
| Listing Provided By | Schempp Realty Company | Katie L Lawson |
Features
| SQ Feet | 5,380 |
|---|---|
| Units | 6 |
Area Information
| State | KY |
|---|---|
| County | Jefferson |
| City | Louisville |
| Zip Code | 40202 |
| Area | 00 Central Downtown District | Old Louisville |
| Community Name | PHOENIX HILL |
| Listing VS Median (in PHOENIX HILL) | |
Price: $295,000 low | high Med: $360,000 sqft: 5,380 low | high Med: 3,749 $ / sqft: $55 low | high Med: $128 On site: 16 low | high Med: 18 | |
Market Activity 40202
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Learn More About This Property
| State | KY |
|---|---|
| County | Jefferson |
| City | Louisville |
| Zip Code | 40202 |
| Area | 00 Central Downtown District | Old Louisville |
| Community Name | PHOENIX HILL |
| Listing VS Median (in PHOENIX HILL) | |
Price: $295,000 low | high Med: $360,000 sqft: 5,380 low | high Med: 3,749 $ / sqft: $55 low | high Med: $128 On site: 16 low | high Med: 18 | |
Listing Updated: September 12, 2026 at 9:57:54 AM PDT
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© 2026 Coldwell Banker McMahan. All Rights Reserved. Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Coldwell Banker McMahan fully supports the principles of the Fair Housing Act and Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchises are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.
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