$259,000

551 S Shelby St, Louisville KY, 40202

Price per sqft$48.14

Built in1995

Property size5,380 sqft

Property typeOther

Overview

Active

Listed Oct 29, 2026

Updated 2 days ago

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.

$1,723/mo

Est. mortgage payment based on a $259,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Courtesy of Schempp Realty Company, Katie L Lawson,
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 Mike McWhorter 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 Mike McWhorter shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Data last updated 4:24 AM UTC, 10/30/2026

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$259,000

Overview

$1,723/mo

Down payment--

Loan details30-year fixed, 7%

Property tax--

HOA fees--