1229 S 4th St · Louisville, KY 40203

$795,000

None bd · 0.0 ba · 11,288 sqft · MultiFamily · 41 Days on market

Built 1910 Good condition $70/sqft · 25% below area Est $1.054M · 25% under ↓ 6% since listing

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +24.8/30.0
• ARV discount +15.0/15.0
• DSCR +8.0/10.0
• 1% rule +6.4/10.0
• Condition / age +3.8/5.0
• Livability +3.2/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 12 units. confirmed

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks

Positioned in the heart of historic Old Louisville, this 12-unit multifamily property offers an attractive combination of location, character, and established ownership history. The property is conveniently located just minutes from Downtown Louisville and the University of Louisville, providing access to employment, education, entertainment, and neighborhood amenities. The property features a mix of studios, 1-bedroom and 2-bedroom units, offering flexibility to serve a range of renter needs. Long-term ownership and experienced self-management provide an established operating history. Units have a separate furnace and central air.

Key facts

• Hardwood flooring
• Off-street parking
• Separate furnace

Tags

• HISTORIC OLD LOUISVILLE
• OFF-STREET PARKING
• HARDWOOD FLOORING
• SEPARATE FURNACE
• CENTRAL AIR

What this means for you Summary

Snapshot

• This is a 2×2bd/1ba + 7×1bd/1ba + 3×?bd/1ba units multifamily listed at $795k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $2k ($20k/yr) — positive. Per door: $141/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($9k rent vs $795k).
• Recommended offer: $771k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.8% vs local median 4.8% in Louisville — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 63/100 on livability (#333 in KY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, health & safety D+, crime F.
• Jefferson County (urban): math 19% / reading 35% proficiency, ranked #121 of 165 in KY (top 73%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Engelhard Elementary (math 8% / reading 12%, grade F, #648 of 676 statewide, top 98%, 276 students, 76% FRL); Meyzeek Middle (math 50% / reading 61%, grade B-, #7 of 217 statewide, top 3%, 930 students, 42% FRL); Jeffersontown High (math 17% / reading 17%, grade F, #222 of 254 statewide, top 89%, 943 students, 57% FRL) — zoned schools at 59% FRL track the district average.
• Market conditions: 209 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 55d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,836 units permitted in Jefferson County in 2024 (1,558 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $5k of loan paydown is wiped out by about $24k of value loss. Plan a longer hold.
• Jefferson County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($771k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $44k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $771,150 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.14% ✓
• Cap rate: 8.84%
• Cash-on-cash: 9.09%
• DSCR: 1.40
• GRM: 7.3

CMA / ARV

• ARV (median comp): $1,054,476
• List price: $795,000
• Delta: -24.61%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
100 W Ormsby Ave	0.26mi	6/2.0	10,819 (-4%)	11mo	$525,000	$49	64
1453 S 3rd St	0.48mi	—/—	14,282 (+26%)	3mo	$1,030,000	$72	50
1381 S 3rd St	0.31mi	14/14.0	11,438 (+1%)	36mo	$1,200,000	$105	43
1355 S 3rd St	0.25mi	6/8.0	8,640 (-24%)	9mo	$1,900,000	$220	36
1238 S 3rd St	0.06mi	10/5.0	8,311 (-26%)	26mo	$425,000	$51	32
1456 S 4th St	0.50mi	—/—	9,488 (-16%)	24mo	$618,000	$65	32
1416 S 3rd St	0.39mi	7/5.5	9,980 (-12%)	36mo	$445,000	$45	22
1701 Hale Ave	1.32mi	—/—	8,538 (-24%)	30mo	$299,500	$35	20
1521 S 4th St	0.62mi	18/12.0	10,296 (-9%)	44mo	$935,000	$91	17
1155 S 28th St	2.19mi	15/10.0	7,959 (-30%)	46mo	$300,000	$38	0
222 E Witherspoon St #2000	1.74mi	6/6.5	8,571 (-24%)	57mo	$3,062,500	$357	0

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -2.5%
• Equity multiple: 0.90×
• Total profit: $-21,239
• Equity at exit: $118,537

10-year hold

• IRR: 7.2%
• Equity multiple: 1.54×
• Total profit: $120,419
• Equity at exit: $68,737

Cash invested: $222,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State Kentucky: 83 Strongly Landlord-Friendly · R+16
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit (URLTA cities); generally landlord-friendly.

Methodology + full state rankings →

Active competition Active MLS

• For sale now: 3 active
• Median asking: $1,000,000 ($87/sqft)
• Median days on market: 172 d
• This list price: 33% of active listings are priced below it
• ARV vs active asking: +6.9% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 40203

• Home prices YoY: -13.8%
• Active inventory: 209
• Price-to-rent: 80.8×

Monthly cashflow live

• Estimated rent: $9,090 high
• Mortgage (P&I): −$4,169
• Tax est. 1.5%: −$994 /mo · $11,925/yr
• Insurance: −$331
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,909
• Net cashflow: $1,687

12-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$1,640
▸ 7× units	1	1	$5,425
▸ 3× units	0	1	$2,025
Total (12 units)			$9,090

Break-even live

Break-even rent $6,955

Max offer price $795,000

Occupancy floor 76%

Sensitivity live

Price	-10% $2,236	-5% $1,962	+0% $1,687	+5% $1,412	+10% $1,138
Rent	-10% $969	-5% $1,328	+0% $1,687	+5% $2,046	+10% $2,405
Rate	-1.0pp $2,087	-0.5pp $1,889	base $1,687	+0.5pp $1,481	+1.0pp $1,271

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $198,750
• Closing costs: $23,850
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1231 S 4th St Unit 1 Louisville, KY	1.0	1.0	650	$925	$1.42	162d	1	0.01mi
1231 S 4th St Unit 1 Louisville, KY	1.0	1.0	650	$925	$1.42	164d	1	0.01mi
1215 S 4th St Apt 2 Louisville, KY	—	1.0	600	$675	$1.12	5d	1	0.03mi
1221 S 3rd St Unit 8 Louisville, KY	—	1.0	375	$575	$1.53	7d	1	0.09mi
1221 S 3rd St Unit 5 Louisville, KY	—	1.0	375	$595	$1.59	7d	1	0.09mi
1221 S 3rd St Unit 10 Louisville, KY	1.0	1.0	375	$625	$1.67	103d	1	0.09mi
1221 S 3rd St Unit 5 Louisville, KY	—	1.0	375	$625	$1.67	55d	1	0.09mi
410 W Ormsby Ave Unit 8 Louisville, KY	1.0	1.0	650	$850	$1.31	10d	1	0.12mi
1242 S 2nd St Unit 3 Louisville, KY	—	1.0	500	$800	$1.60	144d	1	0.14mi
418 W Ormsby Ave Apt 301 Louisville, KY	1.0	1.0	563	$749	$1.33	22d	1	0.14mi
418 W Ormsby Ave Unit 203 Louisville, KY	1.0	1.0	563	$749	$1.33	55d	1	0.14mi
418 W Ormsby Ave Apt 301 Louisville, KY	1.0	1.0	563	$749	$1.33	10d	1	0.14mi
208 W Ormsby Ave Unit 8 Louisville, KY	—	1.0	700	$850	$1.21	10d	1	0.16mi
208 W Ormsby Ave Unit 4 Louisville, KY	1.0	1.0	700	$850	$1.21	164d	1	0.16mi
208 W Ormsby Ave Unit 7 Louisville, KY	1.0	1.0	700	$850	$1.21	138d	1	0.16mi
1121 Garvin Pl Apt 4 Louisville, KY	1.0	1.0	450	$725	$1.61	10d	1	0.19mi
1121 Garvin Pl Unit 1121 Garvin Place-1 Louisville, KY	1.0	1.0	660	$900	$1.36	155d	1	0.19mi
1121 Garvin Pl Apt 2 Louisville, KY	—	1.0	475	$725	$1.53	10d	1	0.19mi
427 Park Ave Unit 6 Louisville, KY	1.0	1.0	700	$1,195	$1.71	164d	1	0.19mi
1337 S 4th St Unit 9 Louisville, KY	1.0	1.0	523	$795	$1.52	10d	1	0.19mi
512 W Ormsby Ave Louisville, KY	1.0	1.0	423	$870	$2.06	55d	1	0.19mi
512 W Ormsby Ave Louisville, KY	—	1.0	423	$825	$1.95	1d	6	0.19mi
118 W Ormsby Ave Unit A3 Louisville, KY	1.0	1.0	650	$795	$1.22	138d	1	0.21mi
1319 S 2nd St Unit 3 Louisville, KY	1.0	1.0	600	$895	$1.49	164d	1	0.22mi
1234 S 1st St Unit 4 Louisville, KY	1.0	1.0	750	$1,550	$2.07	103d	1	0.23mi
1345 S 3rd St Unit 5 Louisville, KY	1.0	1.0	570	$700	$1.23	37d	1	0.23mi
510 Saint Catherine St Apt C Louisville, KY	—	1.0	439	$750	$1.71	10d	1	0.23mi
510 Saint Catherine St Apt B Louisville, KY	1.0	1.0	552	$895	$1.62	112d	1	0.23mi
1146 S 6th St Unit 2B Louisville, KY	1.0	1.0	700	$1,300	$1.86	164d	1	0.25mi
1310 S 6th St Apt 2 Louisville, KY	—	1.0	411	$695	$1.69	10d	1	0.26mi
1310 S 6th St Apt 3 Louisville, KY	1.0	1.0	679	$750	$1.10	10d	1	0.26mi
1245 S 1st St Unit 4 Louisville, KY	1.0	1.0	650	$795	$1.22	112d	1	0.27mi
1312 S 6th St Unit 1312 S 6th-2F Louisville, KY	1.0	1.0	510	$850	$1.67	164d	1	0.27mi
1312 S 6th St Unit 609 Louisville, KY	1.0	1.0	525	$750	$1.43	10d	1	0.27mi
1312 S 6th St Apt 1 Louisville, KY	1.0	1.0	525	$795	$1.51	10d	1	0.27mi
1153 S 1st St Unit 3 Louisville, KY	1.0	1.0	600	$795	$1.32	108d	1	0.28mi
120 E Oak St Unit B Louisville, KY	1.0	1.0	750	$1,395	$1.86	107d	1	0.31mi
1228 S Brook St Unit 2 Louisville, KY	1.0	1.0	700	$799	$1.14	117d	1	0.32mi
1321 S 1st St Apt 3 Louisville, KY	1.0	1.0	570	$825	$1.45	10d	1	0.32mi
1378 S 2nd St Apt 2 Louisville, KY	1.0	1.0	650	$875	$1.35	10d	1	0.32mi

Property features AI

Finance

• Other: Building area reported as 11,288Living area reported as 11,288
• HOA & community: No association fee

Exterior

• Parking: No covered parking
• Utilities: Electricity connected
• Home design: Traditional-style apartmentNot in a flood plain
• Construction: Brick constructionShingle roofBuilt in 1910
• Exterior features: No exterior features listed

Interior

• Bedrooms: No bedrooms listed
• Heating & cooling: Forced air heating
• Interior features: Separate meters for multi-unit property

Listing history 50 events

1. 2026-11-08
   days on market $795,000 Active 41 DOM
2. 2026-11-07
   days on market $795,000 Active 40 DOM
3. 2026-11-06
   days on market $795,000 Active 39 DOM
4. 2026-11-06
   price $795,000 Active 38 DOM
5. 2026-11-05
   days on market $839,000 Active 38 DOM
6. 2026-11-04
   days on market $839,000 Active 37 DOM
7. 2026-11-02
   days on market $839,000 Active 35 DOM
8. 2026-11-01
   days on market $839,000 Active 34 DOM
9. 2026-10-31
   days on market $839,000 Active 33 DOM
10. 2026-10-30
    days on market $839,000 Active 32 DOM
11. 2026-10-29
    days on market $839,000 Active 31 DOM
12. 2026-10-28
    days on market $839,000 Active 30 DOM
13. 2026-10-27
    days on market $839,000 Active 29 DOM
14. 2026-10-26
    days on market $839,000 Active 28 DOM
15. 2026-10-26
    days on market $839,000 Active 27 DOM
16. 2026-10-24
    days on market $839,000 Active 26 DOM
17. 2026-10-23
    days on market $839,000 Active 25 DOM
18. 2026-10-22
    days on market $839,000 Active 24 DOM
19. 2026-10-21
    days on market $839,000 Active 23 DOM
20. 2026-10-20
    days on market $839,000 Active 22 DOM
21. 2026-10-19
    days on market $839,000 Active 21 DOM
22. 2026-10-18
    days on market $839,000 Active 20 DOM
23. 2026-10-17
    days on market $839,000 Active 19 DOM
24. 2026-10-16
    days on market $839,000 Active 18 DOM
25. 2026-10-15
    days on market $839,000 Active 17 DOM
26. 2026-10-14
    days on market $839,000 Active 16 DOM
27. 2026-10-13
    days on market $839,000 Active 15 DOM
28. 2026-10-12
    days on market $839,000 Active 14 DOM
29. 2026-10-11
    days on market $839,000 Active 13 DOM
30. 2026-10-10
    days on market $839,000 Active 12 DOM
31. 2026-10-09
    days on market $839,000 Active 11 DOM
32. 2026-10-08
    days on market $839,000 Active 10 DOM
33. 2026-10-07
    days on market $839,000 Active 9 DOM
34. 2026-10-06
    days on market $839,000 Active 8 DOM
35. 2026-10-05
    days on market $839,000 Active 7 DOM
36. 2026-10-04
    days on market $839,000 Active 6 DOM
37. 2026-10-03
    days on market $839,000 Active 5 DOM
38. 2026-10-02
    days on market $839,000 Active 4 DOM
39. 2026-10-01
    days on market $839,000 Active 3 DOM
40. 2026-09-30
    days on market $839,000 Active 2 DOM
41. 2026-09-28
    pricedays on marketlisting id $839,000 Active 1 DOM
42. 2026-08-18
    days on market $895,000 Active 92 DOM
43. 2026-08-17
    days on market $895,000 Active 91 DOM
44. 2026-08-16
    days on market $895,000 Active 90 DOM
45. 2026-08-15
    days on market $895,000 Active 89 DOM
46. 2026-08-14
    days on market $895,000 Active 88 DOM
47. 2026-08-13
    days on market $895,000 Active 87 DOM
48. 2026-08-12
    days on market $895,000 Active 86 DOM
49. 2026-08-11
    days on market $895,000 Active 85 DOM
50. 2026-08-10
    days on market $895,000 Active 84 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $109,080
• − Mortgage interest: −$44,532
• − Property taxes: −$11,925
• − Insurance: −$3,975
• − Repairs & maintenance: −$8,726
• − Management: −$8,726
• − Depreciation: −$23,127
• Taxable income: $8,068
• Est. tax owed @ 24.0%: −$1,936
• After-tax cash flow: $18,308/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Good 75/100 Cosmetic rehab Est. rehab $56,440–$169,320 screening

This well-maintained 12-unit property in Old Louisville offers a strong unit mix and classic architectural charm. With refinished hardwood floors and a 45-year dimensional shingle roof, it's ready for a fresh update to the kitchen and bathrooms to maximize its value.

Repairs flagged

• Minor kitchen cabinets — slight wear
• Minor bathroom fixtures — dated design

Value-add opportunities

• Both update kitchen cabinets and appliances — modernizing kitchen will appeal to buyers and renters ↑
• Both update bathroom fixtures — modernizing bathroom will appeal to buyers and renters ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 27/100

Zoned Schools

Elementary Engelhard Elementary F KY #648/676 Nat'l #39,071/41,679 Middle Meyzeek Middle B- KY #7/217 Nat'l #2,418/14,009 High Jeffersontown High F KY #222/254 Nat'l #15,029/17,239

Schools (NCES district)

• District: Jefferson County
• NCES district ID: 2102990
• Math proficiency: 19% ▼ -17.00%
• Reading proficiency: 35% ▼ -11.00%
• Median HH income: $47,885
• Composite: 23.45/100
• National rank: #7884
• State rank: #121 of 165 in KY

C Composite livability gradescore 63/100

Livability — Louisville

• Score: 63/100
• State rank: #333
• US rank: #15887

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment C- Housing A+ Health & safety D+ User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Louisville, KY
• County: Jefferson County · 823,112 people
• City population: 769,292
• Metro: Louisville/Jefferson County, KY-IN
• Population (ZIP): 17,742
• Household income: $30,794
• Rent vs Own: 75.1% rent · 24.9% own
• Severe rent burden: 10% of renters

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Population outlook (Jefferson County) Hauer SSP2

• Today (2025): 823,112 people
• By 2030: 849,343 · +3.2%
• By 2040: 895,696 · +8.8%
• By 2050: 933,630 · +13.4%
• By 2075: 1,028,262 · +24.9%
• By 2100: 1,072,675 · +30.3%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Black 49% White 44% Two or more races 4% Hispanic / Latino 3%
• Languages at home: 97% English-only · Spanish 2%

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Political lean MEDSL · Jefferson

• 2024 margin: D (+16.6) · D 57.4% · R 40.9% · Other 1.7%
• 2008→2024 swing: +4.5pp toward D · 2008: 12.0pp · 2024: 16.6pp
• All cycles: 2024: D+16.6 2020: D+20.1 2016: D+13.3 2012: D+11.1 2008: D+12.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -64.74%
• Current HPI: 405.1872
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.81%
• F500 in state: 4

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Industry mix (Fortune 500 HQ in KY)

Industry	F500 HQs	Revenue
▸Healthcare	1	$118B
▸Food / Beverage	1	$7B

Property features AI

Finance

• Other: Building area reported as 11,288Living area reported as 11,288
• HOA & community: No association fee

Exterior

• Parking: No covered parking
• Utilities: Electricity connected
• Home design: Traditional-style apartmentNot in a flood plain
• Construction: Brick constructionShingle roofBuilt in 1910
• Exterior features: No exterior features listed

Interior

• Bedrooms: No bedrooms listed
• Heating & cooling: Forced air heating
• Interior features: Separate meters for multi-unit property

Price history

-6.3% since first listed

3 events — show timeline

• 2026-09-28 Listed $839,000 Metro Search MLS
• 2026-08-18 Listing Removed — Metro Search MLS
• 2026-05-18 Listed $895,000 Metro Search MLS