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Exceptional Investment Opportunity Near NuLu

947 E Madison St, Louisville, KY 40204

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Overview

Exceptional Multi-Unit Investment Property Near NuLu

Fully Renovated & Ready to Produce Income. Discover an incredible opportunity at 947 Madison St, a stunning three-story brick building located just steps from the energy, dining, and culture of Louisville’s vibrant NuLu district. This fully renovated property blends historic charm with modern upgrades, offering both stability and flexibility for investors or owner-occupants.

Thoughtfully reimagined from top to bottom, the building features three beautifully renovated residential units plus a versatile commercial storefront on the ground floor — an ideal setup for generating strong rental income. Whether you prefer traditional long-term tenants or want to tap into Louisville’s thriving short-term rental market, this property gives you multiple paths to maximize returns.

Inside, every detail has been refreshed: brand-new roof, new mechanical systems, updated plumbing and electrical, modern kitchens and baths, premium finishes, and contemporary touches throughout. The property also includes a fully renovated, full-service basement that is clean, dry, and perfect for storage or operational needs.

From the moment you step inside, you’ll appreciate the turnkey quality and care that has gone into this renovation. Investors will love the low-maintenance appeal, and owner-occupants will appreciate the opportunity to live in one unit while generating rental income from the others.

Positioned near one of Louisville’s most desirable neighborhoods and surrounded by ongoing development, 947 Madison St offers long-term upside, strong cash-flow potential, and the peace of mind that comes with a fully updated building.

Opportunities like this; a fully renovated, income-producing, multi-unit property this close to NULU... are increasingly rare. Don’t miss your chance to secure a premier investment in one of the city’s most dynamic corridors!

SEE AGENT FOR DETAIL

  • Prime location near NULU; Just steps from top restaurants, shopping, and Louisville’s fastest-growing cultural district
  • 3-story brick building with classic charm and fully modernized interiors
  • Three renovated residential units with updated kitchens, baths, and finishes
  • Versatile ground-floor commercial unit ideal for retail, office, studio, or long-/short-term rental income
  • Completely turnkey; FULL Renovation w/brand-new roof, new mechanicals, updated plumbing and electrical
  • Fully Renovated full-service basement; Clean, dry, and great for storage or operations
  • Flexible income potential; From commercial uses, to long-term leases, short-term rentals, or an owner-occupant setup
  • High-growth area surrounded by new development and strong rental demand
  • Low-maintenance investment with all major systems replaced
  • Rare multi-unit opportunity in a sought-after, centrally located Louisville neighborhood

SEE AGENT FOR DETAIL

Lease Spaces

NameFloorRateSFFormer Use
947 Retail1$18 - $22 /SF/Year1,100 SFMixed Use

For Sale/Lease

Multifamily
Investment

Secondary Uses: Mixed Use, Duplex/Quadplex, Street Retail

Lease Rate
$18 - $22 SF/year
Available SF
1,100 SF
Sale Price
$577,000
Price Per SF
$152.6/SF
Building Size
3,780 SF
Acres
0.05 ac
Zoning
OR2
Zoning Desc.
Office Residential
Lease Type
Other
Showing
Contact Broker/Agent
Property Use Type
Investment
Property Status
Existing
Total Units
4
Laundry
In Each Unit
County
Jefferson
Listed
12/08/2025
Updated
03/10/2026
Listing ID
7e429732
Parcel APN
016E01710000