2215 Glenmary Ave Louisville, KY 40204 Price Dropped by $50K

UPDATED: 09/10/2025 09:34 PM ON MARKET: 51 days on market

$799,000

13 Beds6 Baths7,064 SqFt

Key Details

Property Type Multi-Family

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 7,064 sqft

Price per Sqft $113

Subdivision Cherokee Triangle

MLS Listing ID 1693778

Style Traditional

Bedrooms 13

HOA Y/N No

Abv Grd Liv Area 5,160

Year Built 1920

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type Apartment

Source APEX MLS (Greater Louisville Association of REALTORS®)

Land Area 5160

Property Description

A rare find in the heart of Cherokee Triangle, this solid brick boarding house offers an exceptional investment opportunity in one of Louisville's most desirable and walkable neighborhoods. With 18 bedrooms, 4 full baths, and 3 half baths, this property stands out for its size, location, and unique income potential.

What makes this opportunity truly special is its hard-to-come-by non-conforming use status, allowing for room-by-room rentals—an advantage that's nearly impossible to replicate today. With estimated rents of $1,000 per room per month, the property has the potential to generate $216,000 in gross annual income and deliver a projected cap rate of up to 12%!

Recent updates include refreshed kitchen, new ceiling-to-cabinet quartz backsplash, all-new fixtures, new flooring, new cabinet door handles, a new faucet and sink, and updated plumbing underneath. The home is equipped with four HVAC units, the roof was replaced in 2016, and in 2023, $32,000 was invested to replace lead plumbing with modern systems. .

Just steps from Bardstown Road's restaurants, coffee shops, nightlife, and boutiquesand minutes from the scenic trails and golf course at Cherokee Parkthis location is as strong as the numbers.


Listed by Fry Realty Collective