Price Reduction - Primary on Main
Address
611 Finzer St, Louisville, KY
Price
$ 214,900
Property Attributes
  • MLS#1721338
  • TypeSingle Family
  • Listing Status Active
  • CountyJefferson
  • CityLouisville
  • AreaCentral Downtown District-Old Louisville
  • NeighborhoodSMOKETOWN
  • Zip40203
  • StyleTraditional
  • Year Built1900
  • Price$ 214,900
  • Bedrooms2
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage1387
  • Lot Size0.06 Acres
Data Source:
Metro Search, Inc.
Property Description

PRICE IMPROVEMENT! Turnkey STR investment opportunity now offered at $224,900. Motivated sellers are ready to review offers. Fully furnished and grandfathered for short-term rental use, 611 Finzer St offers a rare opportunity to acquire an income-producing Airbnb with no CUP required. Zoned OR-2, the property may continue operating as a short-term rental with buyer registration through Louisville Metro within 30 days of closing. Configured as a 2BR with a non-conforming third room currently used as a bedroom, the home functions as a 3BR with increased revenue potential. Based on AirDNA projections, the property is expected to generate approximately $47,300 in annual gross revenue | 60% occupancy | $215 ADR | $27,030 projected NOI | 12.0% projected cap rate | 1.91 projected DSCR (based on 75% LTV, 7.5% interest, 30-year amortization). Estimated operating expenses of approximately $20,270 annually include taxes, insurance, utilities, landscaping, maintenance reserves, and cleaning. Sold fully furnished, this is a true plug-and-play investment for an Airbnb, furnished rental, or hybrid personal-use property. Grandfathered STR status, strong projected cash flow, and the recent price improvement create a compelling opportunity for investors seeking immediate income potential. Self-managed pro forma available under listing documents.

Price History
6/24/2026 Listed $235,000
7/27/2026 4$224,900
9/14/2026 4$214,900

General Features

Heating Forced Air
Cooling Central Air
Utilities Electricity Connected,Fuel:Natural
Roof Flat,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 SMOKETOWN
Garage Y/N false
Total Rooms 8
Full Baths 1
Status Active
Directions Jackson st to Finzer Ave.
City Louisville
High School District Jefferson
MLS Area 00-Central Downtown District/Old Louisville
Lot Size Units Acres
Lot Size Square Feet 2779
MLS Area Minor 00-Central Downtown District/Old Louisville
Standard Status Active
Tax Lot 0127

Interior Features

Basement Cellar
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Above Grade Finished Area 1287
Total Bedrooms 2
LivingAreaSource Other
Total Baths 1

Exterior Features

Fencing Privacy,Full,Wood
Parking Features Off Street,Entry Rear
Lot Features Level
Water Source Public
Lot Size Area 0.06
Foundation Details Crawl Space,Concrete Blk
Building Area Total 1287
Lot Size Acres 0.06

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

Property vs Single Family Average in 40203

Price
AVG $260K
$210K
Year Built
AVG 1935
1900

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