227 Ottawa Ave, Louisville, KY 40209 | MLS #1713600 | Semonin Realtors

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Listing provided courtesy of Totally About Houses- MLS# 1713600MLS ProviderSource MLS Verified

227 Ottawa AveLouisville, KY 40209

Multi-Family · 3 Beds · 1,359 Sq. ft. | 0.07 Acres
$120,000 Active

227 Ottawa Ave Overview

Time on Site:
67 days
Visits:
1

FANTASTIC INVESTOR OPPORTUNITY- Value-Add Duplex at below market price! This duplex has strong upside potential! Unit 1 is 1-bedroom with laundry hook up, recently getting $950 per month but is now vacant. Unit 2 is 2-bedrooms, with a market rent of $1100 per month. Both units will need cosmetic updates. Pro Forma: $2000/month ($24,000/year). Increase NOI through light renovations and stabilize for strong cash flow or future refinance potential. Ideal for investors looking to force appreciation or house hackers wanting rental income to offset the mortgage. Opportunities at this price point in this area with built-in upside move quickly. Don't let this one pass you by!

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227 Ottawa Ave Facts & Features

  • Type Multi-Family
  • Sq. ft. 1,359
  • Price/Sq.ft. $88
  • Lot 0.07 Acres

Details

General

Association/HOA

  • Association: false

Building Information

  • Year Built: 1900

Location/Region

  • County Or Parish: Jefferson
  • MLS Area Major: 05-Auburndale/Fairdale/IroquoisPrk/Shively
  • MLS Area Minor: 05-Auburndale/Fairdale/IroquoisPrk/Shively
  • Subdivision Name: HIGHLAND PARK

General Information

  • Parcel Number: 12057J01710000
  • Property Sub Type: Duplex
  • Property Type: Multi Family

Interior

Parking Information

  • Garage: false

Beds/Baths

  • Bathrooms Total: 2
  • Bedrooms Total: 3

Building Interior

  • Above Grade Finished Area: 1359.0
  • Building Area Source: Other
  • Building Area Total: 1359.0

General Information

  • Basement: false
  • Living Area: 1359.0

Exterior

Lot Information

  • Lot Features: See Remarks
  • Lot Size Area: 3123.0
  • Lot Size Dimensions: 25x125
  • Lot Size Square Feet: 3123.0
  • Lot Size Units: Square Feet
  • Water Source: Public

Building Exterior/Construction

  • Architectural Style: Traditional
  • Construction Materials: Vinyl Siding,Aluminum Siding
  • Roof: Shingle

General Information

  • Exterior Features: None
  • Number Of Units Total: 2
  • Utilities: Electricity Connected,Fuel:Natural

227 Ottawa Ave Neighborhood

Community

40209 (Louisville) Demographics

39
Median Age
130
Population Density (per sq. mile)
31%
College Educated
$43,247
Estimated Median Income
105
Estimated Total Home Owners
48
Estimated Total Renters
69% / 31%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

227 Ottawa Ave Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

227 Ottawa Ave Market Data

Based on the last 30 days in this zip code

$161,998
Average List Price
$142
Average Price per Square Foot
1
Properties Sold
39
Average Days on Market
1
Properties for Sale
Calculations provided by Reliance Network

227 Ottawa Ave History

Date Event Value Agent
5/18/2026Source: Louisville MLS Price Reduction
$120,000 -17.2%
4/24/2026Source: Louisville MLS Status Change
Active
4/17/2026Source: Louisville MLS Status Change
Pending
4/7/2026Source: Louisville MLS Added to Database
April 07, 2026