About This Home

This 0-bedroom, 0-bathroom multi-family at 551 S Shelby St in Louisville, KY is listed for $259,000 ($48 per sqft). Built in 1995, the home offers 5,380 sqft of living space on a N/A lot.

Key Features

  • Built in 1995

Property Details

1995

Amenities

A/C
Listing 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.

Monthly Cost Estimate

$1,385/mo

20% down · 6.5% · 30 years

Principal$187
Interest$1,122
Insurance$76

Estimates only. Actual payments may vary.

Location

551 S Shelby St

Louisville, KY 40202

PHOENIX HILL

Property Details

Construction

Vinyl Siding

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 551 S Shelby St is listed at $259,000 ($48/sqft). The estimated monthly payment is $1,386 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1995.

This property is listed by Katie L Lawson.

KL

Katie L Lawson

Agent at Schempp Realty and Management, Inc.

Listed by Schempp Realty and Management, Inc. · Broker phone: (502) 562-0016 · View on Broker Site · Broker website

MLS# 1733251· Source: Greater Louisville Association of REALTORS®· 4 days on PropertySimple

Copyright © 2026 Greater Louisville Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

551 S Shelby St, Louisville, KY 40202

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