1630 S SECOND ST

Share this listing

Pre-formatted captions, a short link, and a QR code — ready to paste.

Share image
Sized for LinkedIn · 1200×627 — matches the caption above.
Rendering preview…

1630 S SECOND ST

louisville, KY 40208-1913
Asking Price
$2.88M
Asset Type
Multifamily
Class
Class B

What's Special

1630 South Second Street is located in the Old Louisville neighborhood of Louisville, Kentucky. Characterized by historic architecture and mature tree-lined streets, the area is situated directly north of the University of Louisville’s Belknap Campus. The property offers proximity to Central Park and various local dining and retail options along the Fourth Street and Oak Street corridors. TARC public transit routes are accessible within blocks, providing residents with direct connectivity to the central business district situated approximately two miles to the north. The property is suited for multifamily residential use, functioning as either a traditional apartment building or student-targeted housing. Given the location, typical tenants include university students, faculty, and administrative staff seeking walkable access to campus facilities. The neighborhood also attracts young professionals working in downtown Louisville who prioritize proximity to major employment hubs while residing in a residential historic district. The layout and location support long-term residential leasing within an established urban submarket.

Free Valuation Calculator

No login required

Run the numbers on this deal. All calculations are estimates — verify with your lender and accountant.

NOI
$80,000
Cap Rate
2.78%
DSCR
0.47
Underwater
Cash-on-Cash
-10.51%
Monthly Payment
$14,223.931
Annual Cash Flow
$-90,687.176

Location & Travel Times