4 months on rocket

2516 Northwestern Pkwy, Louisville, KY, 40212

$194,900

Home List Price

$2,314*

Closing Credit

0 Baths
2,131 SqFt
$91/SqFt
Multi
Schools Nearby

Location

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2516 Northwestern Pkwy, Louisville$194,900

Buyer Closing Credits

$2,314*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1880
HeatingElectric, Natural Gas
CoolingWall/Window Unit(s)
MLS #1652753
Lot Size0.10 Acres
StatusActive

About 2516 Northwestern Pkwy

Historic Portland Tavern Building - A Unique Opportunity! Welcome to 2516 Northwestern Parkway, a property with a rich history in the heart of Louisville, KY. This historic building, originally the Portland Tavern, offers a unique opportunity for investors, entrepreneurs, or those with a passion for preserving history. Property Details: Address: 2516 Northwestern Parkway, Louisville, KY 40212 Zoning: C-R (Commercial-Residential) Property Type: Duplex Historic Tax Credits: Yes Potential Uses: Short Term Rentals, Long Term Rentals, Pub or Tavern Concept Historical Charm: The soul of this property lies in its history. The limestone threshold at the front of the property, worn with a unique pattern from years of foot traffic entering and exiting the Tavern, tells a story of Louisville's past. Owning this property means becoming a steward of the city's heritage. Current Condition: While the property's current condition is in need of some TLC, it remains livable. This presents an excellent opportunity for both investors and owner-occupants who are willing to live on-site while undertaking the necessary renovations. The potential for restoration and revitalization is boundless. Investment Potential: Whether you envision transforming this space into a vibrant short-term rental, a cozy long-term rental, or reviving it as a pub or tavern, the versatile C-R zoning opens the door to numerous possibilities. With a touch of creativity and a commitment to preserving history, this property can once again become a thriving establishment in Louisville's vibrant community. Don't miss out on this chance to own a piece of Louisville's history and contribute to its future.

Property Details

Property Features

Property Information:

  • Architectural Style: Shotgun
  • Year Built: 1880
  • Living Area: 2,131 SqFt

Listing Office:

  • Office Name: Allodium Real Estate

Exterior Features

Exterior Information:

  • Exterior: None

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Electric, Natural Gas
  • Cooling: Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • The Academy @ Shawnee, Public Magnet Grades 6-12
  • Brown School, Public District Grades KG-12
  • Western Middle School, Public District Grades 6-8
  • Kammerer Middle School, Public District Grades 6-8
  • Portland Elementary School, Public District Grades KG-5
  • Lincoln Elementary Performing Arts, Public District Grades KG-5

Other

Directions Information:

  • Directions: I-64 west to the 22nd street exit. First right onto Northwestern Parkway, property will be on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $194,900
  • Price Per SqFt: $91/SqFt

Tax Information:

  • Annual Amount: $1,177
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Louisville, KY.

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Louisville, KY

City

Med. Sold Price

$245.9K

Med. Price/SqFt

$179

Avg. Days On Market

18

# of Sold Homes

754

2516 Northwestern Pkwy vs Louisville

123 DAYS ON ROCKET

+105 Days

$194,900

-$51K Less

$91/SqFt

-$89 Less

KEY TAKEAWAY

This property is $51K less than the Median Sold Price and $89/SqFt less than other homes in Louisville, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Metro Search (Greater Louisville Association of REALTORS®)
  • MLS Number: #1652753

Listing Office:

  • Office Name: Allodium Real Estate

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/16/2024, 8:20:39 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,177$85,640
2019$1,148$85,640
2018$1,462$112,200
2017$1,462$112,200

History based on county public records data.

Payment Calculator

$1,040

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$651

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2182782
3
/10

  • Portland Elementary School

  • 3410 Northwestern Pkwy

  • 0.82 miles

  • Public District Grades KG-5

school-card-donut-2182783
4
/10

  • Lincoln Elementary Performing Arts

  • 930 E Main St

  • 3.22 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2182784
3
/10

  • Western Middle School

  • 2201 W Main St

  • 0.87 miles

  • Public District Grades 6-8

school-card-donut-2182785
2
/10

  • Kammerer Middle School

  • 7315 Wesboro Rd

  • 9.19 miles

  • Public District Grades 6-8

High School

school-card-donut-2182786
1
/10

  • The Academy @ Shawnee

  • 4018 W Market St

  • 1.66 miles

  • Public Magnet Grades 6-12

school-card-donut-2182787
10
/10

  • Brown School

  • 546 S 1st St

  • 2.50 miles

  • Public District Grades KG-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $14,519. The most common annual income of people living in Louisville, KY is less than $35k. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Kentucky›Jefferson County›Louisville›40212›2516 Northwestern Pkwy

This home is located at 2516 Northwestern Pkwy in Louisville, KY and zip code 40212 in the Portland neighborhood. This 2,131 square foot home, which was built in 1880, sits on a 0.10 acre lot. It has been listed on Rocket Homes since January 13, 2024 and is currently priced at $194,900.

While more than 237 listings in Louisville, KY in April 2024 were sold above asking price, there were more than 199 listings sold at asking price, and more than 318 were sold below. The number of listings in Louisville, KY increased by 3.6% between March 2024 and April 2024. The median list price of listings available in April 2024 was $245,988, while the average time on the real estate market was 18 days.

From Rocket Homes Real Estate and based on county public records data.

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