2122 Bonnycastle Ave

Opportunity knocks in one of Louisville's most desirable pockets: 2122 Bonnycastle Ave (Parkside) is a value-add, 6-unit multifamily with a location that does the heavy lifting and upside that does the talking. Each unit features a spacious 1 bed / 1 bath layout with large living rooms, offering a solid foundation for repositioning and rent growth. The property is currently producing over $4,000/month in rental income with two units vacant, giving investors immediate runway to stabilize occupancy and raise performance. A rare bonus for tenants and future marketability: a 4-car carport, plus room to further enhance the asset with smart, income-producing upgrades. Want more ways to get paid?

Explore additional revenue streams by converting Unit 6 into a shared amenity space with coin laundry, tenant storage, and/or vending, or consider alternative uses such as a non-conforming studio-style space (buyer to verify). The two basement units are non-conforming due to ceiling height, making this an ideal play for investors who understand creative optimization and long-term value creation.
Yes, it needs some updates, which is exactly why the next owner gets to buy the upside. Renovate, improve operations, add amenities, and turn this into the kind of building that becomes the jewel of your investment portfolio.
Showings by appointment. Do not disturb tenants.