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Multifamily Development Opportunity

1541 W Oak St, Louisville, KY 40210

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Overview

Attention Investors/Developers!! Approximately 1.5 ACRES of ground ZONED R7. Great development opportunity! The improvements include a vacant church building in need of renovation with approximately 18,000 sqft, and a Community Development Center with approximately 2550 sqft that was built in 2009. The property, which is also located in the CITY'S OPPORTUNITY ZONE, is conducive to a variety of uses including single family and multi-family housing. With close proximity to Downtown Louisville, Norton Health Care Sports and Learning Center, Norton West Louisville Hospital, and Simmons College of Kentucky HBCU; the property offers a unique opportunity to fill the housing needs in the area. This is a GREAT OPPORTUNTIY! This property can be bought separate or as a package, please see Catylist ID: #30858310.

For Sale

Multifamily
Sale Price
$395,000
Price Per SF
$17.95/SF
Building Size
22,000 SF
Acres
1.536 ac
Zoning
C-2
# of Buildings
2
Floors
2
Construction Siding
Brick
Construction Type
Masonry
Submarket
OZ - KY Jefferson
Nearest MSA
Louisville/Jefferson County
Property Status
Existing
In Opportunity Zone
Yes
Total Units
2
County
Jefferson
Listed
08/14/2024
Updated
03/16/2026
Listing ID
89a1254d
Parcel APN
037G00070000