$725,000

Welcome to 1319 Willow Avenue, a charming quadplex in the heart of historic Cherokee Triangle! Just down the street from Willow Park and blocks from Cherokee Park and Cherokee Golf Course, this corner-lot property offers approximately 3,599 sq. ft. across two main levels, featuring four occupied 1 bedroom, 1 bath units, thoughtful updates, and exciting future possibilities! A spacious covered front porch and freshly repainted exterior showcase the property's historic character. Inside, Unit 1 offers nearly 1,000 sq. ft. with restored original hardwood floors featuring detailed inlay, preserved architectural details, a renovated kitchen and bath, updated appliances, fresh paint, lighting, and hardware. Unit 2 has freshly painted bathroom walls, Unit 3 includes updated kitchen and bath, and Unit 4 is the second-largest apartment at 840 sq. ft. A rear deck, generous backyard, shared on-site laundry, and ample street parking add convenience and appeal. All four units are occupied by established tenants who welcome the opportunity to stay. Month-to-month leases provide flexibility for future plans and potential rent adjustments to market rates. Tenants pay their own gas and electric, while the owner covers water, common-area utilities, and landscaping. City waste and recycling services are funded through property taxes. The spacious, renovated Unit 1 also offers an attractive future owner-occupancy option, subject to existing tenancy. Additional income potential may exist in the unfinished attic and detached one-car garage with loft, offering opportunities to explore up to two additional units, including a possible carriage-house ADU. All conversions require buyer verification of feasibility, zoning, permits, and historic preservation approvals. The property's contributing historic status may also qualify eligible owner-occupants or investors for Kentucky Heritage Council rehabilitation tax credits, subject to verification of designation and program requirements. With established rental income, meaningful improvements, flexible leases, expansion possibilities, and an unbeatable location near Cherokee Triangle's parks and recreation, 1319 Willow Avenue offers a rare opportunity to invest in one of Louisville's most beloved historic neighborhoods!