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28984968
29129260

1529 W Market St,, Louisville, KY 40203

Allodium Real Estate
Listed by Allodium Real Estate
$1,375,000
231 days on market
Updated 110 days ago
Opportunity zone

1529 W Market St & 1537 W Market St

Details
APN 014A01650000; 014A01620000
Property Type Retail, Multifamily (+1)
Sub Type Storefront, Apartment Building
Square Footage 6,852
Units 5
Occupancy 25%
Tenancy Multi
Class A
Year Built 1920
Year Renovated 2025
Buildings 3
Stories 3
Acreage 0.400
Zoning Commercial
Parking Spaces per key

Luxury Property: Commercial Space+2 Luxury Apartments, Detached Garage+2 More Furnished Apartments

Marketing description

*3rd Floor Luxury Apartment at 1529 W Market St. is Leased as of 2/1/2026. 12-month lease @ $1,850/month*

2nd Floor Luxury Furnished Apartment at 1529 W Market St. is Leased as of 2/1/2026. 24-month lease @$2,300/month*

*2nd Floor Furnished Unit at 1537 W Market St is Leased as of 1/28/2026*

Remaining Retail Space 1529 W Market St is available for lease @ $3,000/month.

Rare multi-structure gem in Louisville's thriving Portland renovation corridor. No expenses were spared and no corners were cut on these building renovations! This fully renovated compound includes three distinct structures, offering unmatched flexibility for event hosting, retail, live/work, and rental income. Building #1 (1529 W Market St): A stunning 3-story transformation with a beautiful exterior mural commissioned by Louisville Public Media. Interior renovations include installation of a CMDA sprinkler system, fire-rated interior doors, and spray foam insulation throughout. The first floor is a showstopper ideal for specialty retail or hosting special events. Upstairs, two private-entry apartments feature beautiful engineered hickory hardwood floors, quartz kitchen and bath counters, top-tier GE stainless appliances, and spa-style baths with porcelain tile throughout.

Building #1 is hardwired for internet, and the security equipment in the basement shall remain; the buyer will just need to activate services with a provider of their choice. This building has a vacant luxury apartment on the 2nd floor; luxury apartment on 3rd floor has 12-month tenant lease beginning 2/1/2026 - rent for 3rd Floor is $1,850 per month. Rent for vacant 2nd floor is $1,750 per month; rent for vacant main floor is $3,000 per month.

Building #2 (1537 W Market St): A fully furnished live/work flex space with luxury vinyl plank flooring throughout. The first floor is currently being used as a casual office meeting space and can easily convert into a studio apartment. The furnished first floor includes a kitchenette and full bath. The second floor features a beautifully renovated 1-bedroom apartment with LVP flooring, quartz counters, porcelain tile, queen-size suite, and full-size stackable washer/dryer. All appliances, furnishings, and mounted TVs throughout Building #2 convey. Rent for the 2nd floor furnished unit is $1,400 per month (STR is available upon request for interested tenants).

Building #3 (Formerly 1526 Pirtle St): A detached 2-car garage included with Building #1 offers secure storage or additional income potential, ideal for the 2nd and 3rd floor apartment residents.

Located in Louisville's up-and-coming Portland renovation area, this property is a strategic investment with high-impact potential, whether you're an entrepreneur, investor, or visionary homeowner. All renovations and mechanicals were professionally permitted and upgraded to meet modern building codes. The property also features a gated security entrance, providing controlled access to the apartments or short-term rental units. This added layer of protection offers peace of mind for residents and guests, enhancing both privacy and safety while reinforcing the property's appeal for long-term tenants and Airbnb travelers alike.

With flexible zoning, multiple income streams, and close proximity to 4th Street Live, Kentucky Center for The Arts, Muhammad Ali Center, KFC Yum! Center, and both Portland and Nulu's revitalization corridors, this property offers the rare combination of turnkey readiness and long-term growth potential ready to support your vision from day one. Call to schedule your private tour today!

Investment highlights

  • Bourbon & Wine Tasting Venue: Prime opportunity to capitalize on Kentucky’s booming bourbon tourism with a stylish wine and spirits tasting venue tailored for high-end experiences and group events.

  • Silent Disco Venue: The elongated layout is perfect for immersive sound zones. Add LED floor lighting and rotating themes (90s night, Afrobeat, etc.).

  • Milestone Celebration Hub: Birthdays, micro-weddings, retirement parties. Offer packages with local caterers and photo booth setups.

  • Storytelling Salon: Host spoken word, memoir readings, or community storytelling nights. Add modular seating and moody lighting.

  • Wellness Retreats: Yoga, breathwork, or grief circles. The natural light and clean aesthetic are ideal for grounding energy.

  • Pop-Up Dinner Series: Collaborate with chefs for ticketed tasting menus. Use the adjacent flex space for prep or VIP lounge

Listing Contacts

Allodium Real Estate
Listed by Allodium Real Estate

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