2114 Bonnycastle Ave, Louisville, KY 40205 For Sale

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, and the first floor just vacated providing a buyer the opportunity to move in and enjoy immediate rental income, or update the unit or rent it as is. 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. Just steps from Bardstown Road’s shops, restaurants, and entertainment, this turnkey investment is a rare Highlands offering not to be missed.