Spencer King

2506 W Jefferson St

Louisville, KY
$ 19,000 Beds 4 Baths 2 Sq 1,948
Monthly Estimate* How much can I afford?

Investor special with multiple exit strategies and serious upside potential. This large 2-story property sits on a deep lot with rear alley access and offers the opportunity to create strong cash flow or a spacious single-family home. Currently configured as a duplex with separate first and second floor units, the property could remain as two 2-bedroom, 1-bath apartments or be converted back into its original single-family layout. For investors looking to maximize rental income, area rents for renovated 2-bedroom apartments average approximately $1,000 per month per unit. Another attractive option is transforming the property into a large 5-bedroom, 2-bath single-family home with generous room sizes and strong rental demand. Market rents for comparable 5-bedroom homes are around $1,600 per month, with Section 8 rates potentially exceeding $2,000 per month. The home will require a full renovation including major repairs, updates, and layout modifications, making this a true project property for experienced investors, flippers, or landlords looking to build equity. After repair value to be approximately $200,000. Rare opportunity with flexible investment potential and rear alley access, offering ample room for parking or future improvements. Sold as-is.

Active Under Contract

  • Price
  • $ 19,000
  • City
  • Louisville
  • Bedrooms
  • 4
  • Full Bathrooms
  • 2
  • County
  • Jefferson
  • Half Bathrooms
  • 0
  • Area
  • Dtwn Old Louisville-Shively-West Lou
  • Lot Size
  • 0.12 Acres
  • Zip
  • 40212
  • Sqr Footage
  • 1,948
  • Year Built
  • 1900
  • Style
  • Traditional
  • MLS#
  • 1720175
Listed By: simpler.realestate
Data Source: Metro Search, Inc.

Features

General

Heating Other
Cooling None
Utilities Electricity Connected,Fuel:Natural
Roof Other,Shingle
Architectural Style Traditional
Construction Materials Vinyl Siding,Wood Frame
Year Built 1900
Stories Count 2
Property Subtype Single Family Residence
County Jefferson
Property Type Residential
HOA false
Attached Garage false
Subdivision Name RUSSELL
Garage Y/N false
Total Rooms 9
Full Baths 2
Status Active Under Contract
Directions I-64 to exit 4, 9th St, exit onto W Jefferson St, home is on the left.
City Louisville
MLS Area 01-Dtwn Old Louisville/Shively/West Lou
Lot Size Units Acres
Lot Size Square Feet 5200
MLS Area Minor 01-Dtwn Old Louisville/Shively/West Lou
Standard Status Active Under Contract
Tax Lot 0046

Interior Features

Basement None
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N false
Above Grade Finished Area 1948
Total Bedrooms 4
LivingAreaSource Other
Total Baths 2

Exterior Features

Fencing Partial
Parking Features On Street,Off Street
Lot Features Sidewalk,Level
Water Source Public
Lot Size Area 0.12
Foundation Details Crawl Space
Building Area Total 1948
Lot Size Acres 0.12

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Shelbyville, KY office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
Agent Photo

Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School
Middle School
High School Unknown High School

Price History

6/11/2026 Listed $54,900
6/17/2026 9% - $49,900
6/24/2026 40% - $30,000
6/30/2026 37% - $19,000

Property vs Zip Code Average in 40212

Price
AVG $180K
$20K
Year Built
AVG 1929
1900

In The Neighborhood

Areas That We Cover

2506 W Jefferson St Louisville, KY is a Single Family Home for sale at $19000 with 1948 sqft and a lot size of 0.12 Acres Acre(s). 2506 W Jefferson St Louisville has 4 bedrooms, 2 baths and was built in 1900. The property's zip code is 40212 which is in Louisville, KY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.

Spencer King

Spencer King

502-220-2987

By pressing Contact Me, you agree that Weichert® may contact you via phone about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our Privacy Policy