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7-Unit Student Housing Investment 1829 3rd St

7 Unit Block of Flats For Sale Louisville, KY 40208

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Investment Highlights

Located steps from the University of Louisville campus, ensuring consistent tenant demand and minimal vacancy.
Each unit comes with a dedicated private off-street parking space — a highly sought-after feature in this area.
Electrical: Copper wiring throughout; separately metered units with individual breaker boxes.

Walking distance to UofL's academic buildings, Cardinal Stadium, and campus amenities.
Plumbing: New sewer line installed ~2 years ago; mix of original and upgraded components.
Consistently high occupancy with minimal required maintenance, offering immediate cash flow and strong potential for long-term appreciation.

Executive Summary

This meticulously maintained 7-unit student housing apartment building is situated right on the edge of campus, making it a prime investment opportunity. Located within a 10-minute walk to the majority of the University of Louisville's academic buildings and just a mile from Cardinal Stadium and other athletic complexes, the property is highly popular with UofL students and staff.
Adding to its appeal, a 200,000 SF university project sits directly across the street, offering tenants convenient access to food, retail, and other amenities. Each unit includes a private off-street parking space — a rare and valuable perk in this area — ensuring high demand and consistent occupancy.
The current owners have diligently maintained the 5,551 SF property, upgrading plumbing, HVAC systems, and water heaters as needed over the years. Offering dependable occupancy and immediate returns, this property is well-suited for first-time buyers or seasoned investors seeking to diversify their holdings.

Property Facts

Sale Type	Investment	Building Size	5,531 SF
No. Units	7	Average Occupancy	100%
Property Type	Residential	Number of Floors	3
Property Subtype	Apartment	Year Built	1890
Apartment Style	Mid Rise	Parking Ratio	0.72/1,000 SF
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	0.15 AC

Sale Type	Investment
No. Units	7
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Mid Rise
Building Class	C
Lot Size	0.15 AC
Building Size	5,531 SF
Average Occupancy	100%
Number of Floors	3
Year Built	1890
Parking Ratio	0.72/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.