14 days on rocket

414 E Oak St, Louisville, KY, 40203

$475,000

Home List Price

$5,641*

Closing Credit

0 Baths
1,776 SqFt
$267/SqFt
Multi

Location

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414 E Oak St, Louisville$475,000

Buyer Closing Credits

$5,641*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1966
HeatingElectric
CoolingZoned, Ductless, Central Air
MLS #1675999
Lot Size0.12 Acres
StatusActive

About 414 E Oak St

Turnkey Investment Opportunity in Shelby Park - Quadplex with Diverse Rental Income. Don't miss this chance to own a fully operational rental property in the highly desirable Shelby Park neighborhood. This quadplex offers a unique blend of steady long-term rental income and the potential for lucrative short-term rental earnings.All four units have been thoughtfully remodeled, featuring updated kitchens, bathrooms, flooring, lighting, and fresh paint. Here's what this property offers:Two Long-Term Rental Units: A studio and a two-bedroom unit, currently generating $2,000/month in reliable income. Both tenants are on month-to-month leases and pay their own electricity, while the owner covers water.Two Short-Term Rental Units: A one-bedroom and a two-bedroom unit, perfect for Airbnb or other short-term rental platforms. These units can be rented individually or together, offering flexible income opportunities. With C2 zoning, the possibilities are endlessconvert all units to short-term rentals, maintain the current mix, or explore other creative uses. Other highlights: Separately metered units. Ideal for investors or house hackers looking to offset living costs with rental income. Prime location near downtown Louisville, the Convention Center, UofL, parks, and a variety of popular bars and restaurants, ensuring strong demand and high occupancy rates. This property offers the perfect combination of stability and potential, making it a valuable addition to any portfolio. Please note: Long-term rental units will only be shown to serious buyers, and Airbnb units are often booked on weekends, so weekday showings with notice are preferred. Opportunities like this don't last longschedule your showing today!

Property Details

Property Features

Property Information:

  • Architectural Style: Cape Cod
  • Year Built: 1966
  • Living Area: 1,776 SqFt

Listing Office:

  • Office Name: Homepage Realty

Exterior Features

Exterior Information:

  • Exterior: Porch

Virtual/3D Tour

  • 3D Tour: 414 E Oak St
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Lot Features

Lot Information:

  • Lot: Sidewalk
  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Zoned, Ductless, Central Air

Other

Directions Information:

  • Directions: Eastbound on Oak Street take right past Preston, home is on the right

Price Information

Listing Price Info

Price Summary:

  • List Price: $475,000
  • Price Per SqFt: $267/SqFt

Tax Information:

  • Annual Amount: $859
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Louisville, KY.

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Louisville, KY

City

Med. Sold Price

$254.8K

Med. Price/SqFt

$186

Avg. Days On Market

125

# of Sold Homes

653

414 E Oak St vs Louisville

14 DAYS ON ROCKET

-111 Days

$475,000

+$220.1K More

$267/SqFt

+$81 More

KEY TAKEAWAY

This property is $220.1K more than the Median Sold Price and $81/SqFt more than other homes in Louisville, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Metro Search (Greater Louisville Association of REALTORS®)
  • MLS Number: #1675999

Listing Office:

  • Office Name: Homepage Realty

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 11:51:04 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 02, 2019Home Sold
$62,250

Tax History

YEARPROP. TAXASSESSMENT
2020$859$62,500
2019$670$50,000
2018$1,130$50,000
2017$1,130$86,700

History based on county public records data.

Payment Calculator

$2,438

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,491

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-134347
1
/10

  • Engelhard Elementary School

  • 1004 S 1st St

  • 0.44 miles

  • Public District Grades KG-5

school-card-donut-134348
1
/10

  • Shelby Elementary School

  • 735 Ziegler St

  • 0.77 miles

  • Public Magnet Grades KG-5

school-card-donut-134349
1
/10

  • Cochran Elementary School

  • 500 W Gaulbert Ave

  • 1.08 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $23,511. Most Louisville, KY residents have annual incomes less than $35k. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Kentucky›Jefferson County›Louisville›40203›414 E Oak St

This home is located at 414 E Oak St in Louisville, KY and zip code 40203 in the Shelby Park neighborhood. This 1,776 square foot home, which was built in 1966, sits on a 0.12 acre lot. It has been listed on Rocket Homes since December 04, 2024 and is currently priced at $475,000.

While more than 183 listings in Louisville, KY in November 2024 were sold above asking price, there were more than 190 listings sold at asking price, and more than 280 were sold below. In November 2024 in Louisville, KY there were 3.1% less homes for sale than in October 2024. Listings spent 125 days on the market in November 2024, and had a median list price of $254,840 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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