4608 S 3rd St, Louisville, KY 40214

Property Description

What if your next home came with $1,400 in monthly rental income already in place? At 4608 S 3rd Street, homeownership and investment potential come together in one property, now offered at $265,000! This Louisville duplex offers the opportunity to live in one unit while collecting rental income from the other. The second-floor unit with laundry is vacant and ready for its next chapter, featuring 2 bedrooms, 1 full bathroom, comfortable living space, and its own laundry. Downstairs, the separately occupied first-floor unit offers 2 bedrooms, 1.5 bathrooms, laundry, and access to a partially finished basement with additional recreation space. The downstairs tenant currently pays $1,400 per month with a lease through March 2027. Whether you're a first-time buyer exploring house hacking, a homeowner looking to offset monthly housing expenses, or multigenerational living arrangements, or someone interested in building a future rental portfolio, this property offers options that a traditional single-family home may not. First floor occupants enjoy a covered front porch, rear deck. All parties use the long driveway accessed on 3rd street & the alley behind, a four-car covered carport. The roof was replaced in 2024. With 2,448 square feet above grade plus approximately 475 finished square feet in the basement, there's room to make this property part of your long-term real estate strategy. Live upstairs, collect income downstairs, and discover how one purchase can serve two purposes!