2189 Baringer Ave Louisville, KY 40204 Price Dropped by $64K
UPDATED: 05/21/2026 05:22 PM ON MARKET: 2 days on market
$1,535,000
22 Beds11 Baths8,464 SqFt
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 8,464 sqft
Price per Sqft $181
Subdivision Cherokee Triangle
MLS Listing ID 1717899
Style Traditional
Bedrooms 22
HOA Y/N No
Abv Grd Liv Area 6,096
Year Built 1969
Property Sub-Type Apartment
Source APEX MLS (Greater Louisville Association of REALTORS®)
Land Area 6096
Property Description
Welcome to 2189 Baringer Ave an exceptional 11 unit trophy multifamily asset located in the heart of Cherokee Triangle / The Highlands, one of Louisville's most sought-after and walkable neighborhoods. This legacy property presents a rare opportunity to acquire a premier asset in a location known for its historic charm, vibrant dining scene, and proximity to parks and local amenities. The property consists of eleven spacious 2-bedroom, 1-bath units, appealing to a broad and stable tenant base. Four units have been recently renovated, featuring granite countertops, new cabinetry, stainless steel appliances, LVP flooring, and updated tile bathrooms offering immediate upside and a clear path for continued value-add improvements. Current rents total $11,762/month with one unit vacant, providing both in-place cash flow and the opportunity to further increase revenue through lease-up, rental growth, utility bill-back implementation, and additional renovations. The property has consistently demonstrated strong tenant demand, low turnover, and ease of leasing. Additional highlights include off-street rear parking, dedicated storage for each unit, and on-site coin-operated laundry enhancing tenant convenience and long-term retention. Opportunities to acquire an asset of this scale and quality in Cherokee Triangle are exceedingly rare, making this a standout addition to any investor's portfolio. See attached virtual tour, rent roll and floor plan for unit layouts.
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