Pending

1403 E Breckinridge St

Louisville KY, 40204

$355,000


$147.92 per sqft

Pending

4 Beds

2 Baths

2,400 sqft

Multi-family

Discover 1403 East Breckinridge Street, a historic duplex in the heart of Louisville's coveted Original Highlands. Featuring two generously sized, 1,200-square-foot, 2-bedroom units, this duplex boasts original heart-pine hardwood floors, elegant pocket doors, and decorative fireplaces. With high ceilings, large closets, and light-filled rooms, it offers the perfect balance of historic character and modern livability. Outside, enjoy a welcoming front porch, a tranquil rear patio, and a deck with breathtaking city and sunset views.

This property is ideally located within walking distance (2 blocks) to tons of restaurants, cafes, and shopping; but sits just far enough away from these business corridors to retain a quiet, ''residential'' vibe. The home blends timeless charm, remarkable flexibility, and outstanding potential for families, investors, and those seeking a one-of-a-kind opportunity.
The possibilities are limitless. For investors, the lower unit has a proven track record, generating over $2,000 per month in the past as a short-term rental. The owner has occupied the upper unit, but this unit would also generate at least $2,000+ per month as a short-term rental (as upper unit is the same size and condition as the lower unit).

With some updates - including finishing the nearly-completed 3rd floor unit (dormers have been built out, framing, insulation, electrical and plumbing are already in place) - monthly rental income would immediately be $5,000+ for a short-term rental situation and at least $3,600 for a long-term rental situation. It's an ideal setup for families looking to offset college housing costs, those needing an "in-law" suite, or anyone seeking a live-and-rent opportunity. Alternatively, the duplex could be transformed into a stunning single-family home with over 3,000 square feet of living space.

While the property is being sold as-is and some maintenance remains, there have been many substantial updates completed to plumbing, windows, bathrooms, laundry rooms, and a recently refinished original heart-pine floor, plus MANY more updates; providing a strong foundation for you to create your dream home and/or a cash-producing investment property. Priced under $150 per square footfar below neighborhood averages and assessed values on PVA, Zillow, and Redfinthis home represents an exceptional opportunity to build equity and cash flow in a prime location.

This property was always billed on Airbnb as "Best Location In Louisville" as it is 12 minutes from the airport, 5 minutes to downtown, 2 blocks to Bardstown/Baxter Business Corridor, 2 blocks to Wilishire pantry and the Barret Ave Business Corridor, 2 minutes to NULU, and less than a mile to Cherokee Park, Tyler Park, Historic Cave Hill Cemetery, and The Frankfort Avenue Business Corridor.

Whether you're seeking a high-performing investment, a multigenerational living solution, or a spacious family home, this property delivers unmatched value.

1680176

MLS ID

February 19, 2025

Listed

March 7, 2025

Updated

Interior Features

Bedrooms

4


Total Bathrooms

2


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Wall/Window Unit(s)


Heating

Yes


Heating Description

Forced Air, Natural Gas

Exterior/Building Features

Lot Size

0.09 Acres


Exterior Features

None


Lot Features

Sidewalk


Roof

Asphalt

Other Property Details

Area Name

02-Butchertwn/Hghlnds/Germantwn


Garage

No


View

No


County

Jefferson


Water Source

Public


Pool

No


Utilities

Electricity Connected, Fuel:Natural

Listing History

Date

Event

Price

3/7/2025

Pending

2/24/2025

Under contract

Courtesy of Fry Realty Collective, Zach Fry,
Listing Contact: [email protected] 

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Greater Louisville Association of REALTORS held by brokerage firms other than Laura Rice 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.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Laura Rice shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 3:37 PM UTC, 3/7/2025

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