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227 Ottawa Ave

Louisville, KY 40209
  • $145,000
  • STATUS: Active
  • ON SITE: 4 Days
  • ID#: 1713600
New On Site 4 Days Ago
$145,000
  • 3
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,359
    SQFT
  • $107
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

Description

FANTASTIC INVESTOR OPPORTUNITY- Value-Add Duplex at below market price! This duplex has strong upside potential! Unit 1 is 1-bedroom with laundry hook up, recently getting $950 per month but is now vacant. Unit 2 is 2-bedrooms, with a market rent of $1100 per month. Both units will need cosmetic updates. Pro Forma: $2000/month ($24,000/year). Increase NOI through light renovations and stabilize for strong cash flow or future refinance potential. Ideal for investors looking to force appreciation or house hackers wanting rental income to offset the mortgage. Opportunities at this price point in this area with built-in upside move quickly. Don't let this one pass you by!

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© 2026 Metro Search Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than WSG Homes and Properties | Real Broker LLC are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker. Data last updated: 2026-04-11T23:57:58.007.
www.wsghomesandproperties.com/homes/174903997
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227 Ottawa Ave Louisville, KY 40209

  • Price: $145,000
  • Status: Active
  • On Site: 4 Days
  • ID#: 1713600
3
Beds
0
Baths
0
½ Baths
0.07
Acres
1,359
SQFT
$107
$/SQFT
1900
Built
Neighborhood:
Highland Park
County:
Jefferson
Area:
Auburndale/Fairdale/Iroquois Prk/Shively
Property Description
FANTASTIC INVESTOR OPPORTUNITY- Value-Add Duplex at below market price! This duplex has strong upside potential! Unit 1 is 1-bedroom with laundry hook up, recently getting $950 per month but is now vacant. Unit 2 is 2-bedrooms, with a market rent of $1100 per month. Both units will need cosmetic updates. Pro Forma: $2000/month ($24,000/year). Increase NOI through light renovations and stabilize for strong cash flow or future refinance potential. Ideal for investors looking to force appreciation or house hackers wanting rental income to offset the mortgage. Opportunities at this price point in this area with built-in upside move quickly. Don't let this one pass you by!
Exterior Features

Architectural Style Traditional Construction Materials Vinyl SidingAluminum Siding Exterior Features None Roof Shingle

Interior Features

1st Level Bedrooms 1 1st Level Full Baths 1 2nd Level Bedrooms 2 2nd Level Full Baths 1 Above Grade Finished Area 1359 Below Grade Finished Area 0 Building Area Total 1359 Cooling Wall/Window Unit(s) Cooling YN Yes Heating Forced AirNatural Gas Heating YN Yes

Property Features

1st Level Total Units 1 2nd Level Total Units 1 Association Amenities [] Association Fee 0 Association YN No Garage YN No Lot Features See Remarks Lot Size Area 3123 Lot Size Dimensions 25x125 Municipality Louisville Other Structures [] Property Description Parking Spaces 2 Property Description Term Lease 0 Property Sub Type Duplex Utilities Electricity ConnectedFuel:Natural Waterfront Features []

Listing provided courtesy of Totally About Houses: (502) 306-3580. © 2026 Metro Search, Inc. All rights reserved.


© 2026 Metro Search Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than WSG Homes and Properties | Real Broker LLC are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker. Data last updated: 2026-04-11T23:57:58.007.
 
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WSG Homes and Properties | Real Broker LLC
9700 Park Plaza Ave, #108
Louisville KY, 40241