Sold
Last Sold Price
6,790 sqft
2516 Pennacook Road, Louisville, KY 40214
Multi FamilyProperty Type
1970Year Built
$92/sq ftPrice per sq ft

Description

This eight 2BR/1BA unit property is located in a high rental-demand area of South Louisville. The seller has begun the process of re-tenanting the property and has been achieving rents in the high $900's. Highlights include:
> Eight 2BR/1BA units
> Washer/Dryer hookups
> Separately metered for LGE
> Ample off-street parking
> Opportunity to increase revenue, with some demonstrated high rents in place
The seller does NOT currently pay flood insurance. The building on the property is not in the flood zone.
This eight 2BR/1BA unit property is located in a high rental-demand area of South Louisville. The seller has begun the process of re-tenanting the property and has been achieving rents in the high $900's. Highlights include:

> Eight 2BR/1BA units
> Washer/Dryer hookups
> Separately metered for LGE
> Ample off-street parking
> Opportunity to increase revenue, with some demonstrated high rents in place

The seller does NOT currently pay flood insurance. The building on the property is not in the flood zone.
  • Listed by: Jenny Johnston 502.645.1729 jenny.johnston@colliers.com Brokerage DRE #221638 • PRG Commercial Property Advisors
Listing closed: 01/15/2025 12:00 AM • Source: Greater Louisville Association of REALTORS, MLS#: 1665614

Recent comparable sales

Median sold price

$745,000

Avg days on market

38

Sale-to-list ratio

92.6%

Louisville, KY

9 comparable properties found

$795,000 | 2512 Pennacook Road, Louisville, KY 40214
1/17
1

$795,000

Sold 03/04/26

Unavailable
Bedrooms
Unavailable
Bathrooms
6,790
Square Feet
Unavailable
Acres
$600,000 | 4005 Delores Avenue, Louisville, KY 40216
1/5
2

$600,000

Sold 11/01/24

Unavailable
Bedrooms
Unavailable
Bathrooms
6,931
Square Feet
0.27
Acres
$375,000 | 5419 New Cut Road, Louisville, KY 40214
1/15
3

$375,000

Sold 04/13/26

Unavailable
Bedrooms
Unavailable
Bathrooms
6,864
Square Feet
0.30
Acres
$550,000 | 4143 Hillview Avenue, Louisville, KY 40216
1/32
4

$550,000

Sold 03/23/26

Unavailable
Bedrooms
Unavailable
Bathrooms
4,928
Square Feet
Unavailable
Acres
5

$625,000

Sold 01/14/25

Unavailable
Bedrooms
Unavailable
Bathrooms
6,790
Square Feet
0.84
Acres
$745,000 | 1481 South 2nd Street, Louisville, KY 40208
1/14
6

$745,000

Sold 04/17/26

Unavailable
Bedrooms
Unavailable
Bathrooms
7,355
Square Feet
0.10
Acres
$745,000 | 1817 Meadowland Lane, Louisville, TN 37777
1/31
7

$745,000

Sold 12/29/25

Unavailable
Bedrooms
Unavailable
Bathrooms
6,720
Square Feet
1
Acres
$745,000 | 1918 Topside Road, Louisville, TN 37777
1/46
8

$745,000

Sold 12/29/25

Unavailable
Bedrooms
Unavailable
Bathrooms
6,720
Square Feet
0.91
Acres
$745,000 | 1922 Topside Road, Louisville, TN 37777
1/44
9

$745,000

Sold 12/29/25

Unavailable
Bedrooms
Unavailable
Bathrooms
6,720
Square Feet
0.86
Acres

Location

Listing Courtesy of PRG Commercial Property Advisors

Sold By PRG Commercial Property Advisors

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Property Information for 2516 Pennacook Road

Property Details
  • MLS Type: Residential Income / Apartment
  • Lot Size: 0.00 AC / 0 SF
  • Architectural Style: Traditional
Building Information
  • Residences: 8
  • Year Built: 1970
  • Lot Size: 0.00 AC / 0 SF
Summary
Location and General Information
  • Directions:  Get on I-65 S 2 min (0.5 mi)  Continue on I-65 S. Take I-264 W to KY-1865 S/Taylor Blvd. Take exit 9 from I-264 W 8 min (7.5 mi)  Continue on KY-1865 S/Taylor Blvd to your destination
  • Latitude: 38.15512
  • Longitude: -85.804588
  • MLS Area Major: 05-Auburndale/Fairdale/Iroquois Prk/Shively
  • MLS Area Minor: 05-Auburndale/Fairdale/Iroquois Prk/Shively
Taxes and HOA
  • Association: No
Parking
  • Garage: No
Property
Property and Assessments
  • Above Grade Finished Area: 6790.0
  • Building Area Source: Other
  • Building Area Total: 6790.0
  • Living Area: 6790.0
  • Year Built: 1970
Building Features
  • Construction Materials: Brick
Multi Family
Multi Family Information
  • Number Of Units Total: 8
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
Interior Features
  • Basement: No
  • Heating: Forced Air
  • Heating: Yes

Property History for 2516 Pennacook Road

DateEvent & SourcePriceAppreciation
Jan 15, 2025

Sold

Greater Louisville Association of REALTORS #1665614

$625,000
Dec 11, 2024

Contract Signed

Greater Louisville Association of REALTORS #1665614

Jul 15, 2024

Listed (Active)

Greater Louisville Association of REALTORS #1665614

$712,000
DateEvent & SourcePrice
01/15/2025

Sold

Greater Louisville Association of REALTORS #1665614

$625,000
12/11/2024

Contract Signed

Greater Louisville Association of REALTORS #1665614

07/15/2024

Listed (Active)

Greater Louisville Association of REALTORS #1665614

$712,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 2516 Pennacook Road

This home is within Jefferson County.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - PK to 5
Public - K to 5
Rating
School
Distance
Stonestreet Elementary School
PublicPK to 5

Maupin Elementary School
PublicPK to 5

Trunnell Elementary School
PublicPK to 5

Kenwood Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 2516 Pennacook Road, Louisville, KY 40214
$625,000
6,790
0
$625,000
6,790
36,425
$366,000
18,452
$2,535,000
6,790
66,821
$795,000
6,790
0
$180,000
3
1,312
16,117

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of PRG Commercial Property Advisors

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