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USAKYLouisvilleCherokee Triangle2215 Glenmary Ave
2215 Glenmary Ave, Condo with 13 bedrooms, 6 bathrooms and null parking in Louisville KY | Image 1
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$799,000

2215 Glenmary Ave, Louisville, KY

Condo

For Sale

$--,---,---
1360
  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 7064 sqft
Garage No
Maintenance Fees 
Taxes 
Days Active 56
Approx. Age 1920
Avg. Price Per Sqft $113
MLS® Number 1693778

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

A rare find in the heart of Cherokee Triangle, this solid brick boarding house offers an exceptional investment opportunity in one of Louisville's most desirable and walkable neighborhoods. With 18 bedrooms, 4 full baths, and 3 half baths, this property stands out for its size, location, and unique income potential. What makes this opportunity truly special is its hard-to-come-by non-conforming use status, allowing for room-by-room rentals—an advantage that's nearly impossible to replicate today. With estimated rents of $1, 000 per room per month, the property has the potential to generate $216, 000 in gross annual income and deliver a projected cap rate of up to 12%! Recent updates include refreshed kitchen, new ceiling-to-cabinet quartz backsplash, all-new fixtures, new flooring, new cabinet door handles, a new faucet and sink, and updated plumbing underneath. The home is equipped with four HVAC units, the roof was replaced in 2016, and in 2023, $32, 000 was invested to replace lead plumbing with modern systems. . Just steps from Bardstown Road's restaurants, coffee shops, nightlife, and boutiquesand minutes from the scenic trails and golf course at Cherokee Parkthis location is as strong as the numbers.Show Description
MLS® Number1693778
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
ExteriorHandic Prov, Balcony
GarageNo
Approx. Age1920
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatForced Air, Natural Gas
A/CCentral Air, Wall/Window Unit(s)
Heating Fuel

Extras

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