2114 Bonnycastle Ave

Located at 2114 Bonnycastle Avenue in the heart of Louisville’s beloved Highlands, this exceptional four-plex is a true trophy asset on one of the city’s most iconic and sought-after streets, within one of Louisville’s strongest and most stable rental markets. This stately three-story brick home offers four well-appointed units, varying from one bedroom to three bedrooms each, and featuring unique bonus spaces such as sunrooms, butler’s pantries, or mudrooms that add charm, functionality, and tenant appeal. The property includes a full basement with washers and dryers currently provided free to tenants, with the option for a new owner to convert to coin laundry for additional income. A large, fenced backyard and three rear garages further enhance value and provide significant additional income potential. Three units are currently occupied (third floor tenant moves in May 1), while the first floor unit just vacated and sellers had it painted and currently marketing it now for a new tenant. The property has strong occupancy with very minimal turnover in 25 years. It presents an outstanding opportunity for an investor or owner-occupant alike...live in one unit and let the cash flow from the others help pay your mortgage, or purchase and just sit back and enjoy the cash flow while easily self managing. Although rents are slightly below market, they already generate excellent cash flow with clear upside potential. It also has conversion potential to single-family residence. Just steps from Bardstown Road’s shops, restaurants, and entertainment, this turnkey investment is a rare Highlands offering not to be missed.  

• Prime Highlands Trophy Asset: Located on iconic Bonnycastle Avenue, just steps from Bardstown Road in one of Louisville’s strongest and most stable rental markets.
• Stately Four-Plex with Character: Three-story brick property featuring four well-appointed units ranging from 1–3 bedrooms, each with unique bonus spaces like sunrooms, butler’s pantries, or mudrooms.
• Strong Cash Flow with Upside: Rents currently below market yet producing excellent income, offering clear potential for value-add growth.
• Additional Income Opportunities: Full basement with shared laundry (option to convert to coin-operated), plus three rear garages and a large fenced backyard.
• Exceptional Rental History: Minimal turnover over the past 25 years with consistent occupancy and strong tenant demand or available for owner occupant unit if desired
• Ideal for Investors or Owner-Occupants: Live in one unit and offset your mortgage or enjoy a turnkey, easily self-managed investment in a premier location.