1349 S 26th St · Louisville, KY 40210

$68,000

2 bd · 1.0 ba · 953 sqft · SingleFamily · 39 Days on market

Built 1900 3,297 sqft lot Est $58k · 17% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• Rent growth +4.5/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• ARV discount +0.0/15.0

Listing remarks MLS

Perfect for an investor. New roof, subfloors, hot water heater and 3 new entry doors. Come take a look!

Key facts

• Central living room
• Original fireplace
• 3,297 sq ft lot

Tags

• CLASSIC SHOTGUN LAYOUT
• SPACIOUS FRONT BONUS ROOM
• ORIGINAL FIREPLACE
• CENTRAL LIVING ROOM

Property features AI

Finance

• HOA & community: No association fee

Exterior

• Utilities: Electricity connected; Natural gas available
• Home design: Single-family residence (Shotgun style); 1 story
• Construction: Built in 1900; Vinyl siding; Shingle roof; Crawl space foundation
• Exterior features: Lot approximately 0.08 acres; Subdivision: NICHOLSON

Interior

• Kitchen: Kitchen on the first floor
• Bedrooms: 2 bedrooms, both on the first floor
• Bathrooms: 1 full bathroom on the first floor
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: 4 total rooms; Living room on the first floor; First-floor primary bedroom
• Laundry & utility: First-floor laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $68k.

Deal economics

• At list price, monthly cash flow is $398 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $68k).
• Recommended offer: $66k (3.0% below list) — sets the bar for market timing.
• Cap rate 13.3% vs local median 5.0% 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+, schools D-.
• 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.
• Market conditions: Rents rising fast (+8.1%/yr); 92 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,836 units permitted in Jefferson County in 2024 (1,558 in 5+ unit buildings).

Forward outlook

• In year one you build about $7k of equity ($470 loan paydown + $7k appreciation (10.0% local appreciation)).
• Jefferson County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 8.0% rent growth), your $19k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 39 days — a 3% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 11y ago; this cycle's ask has dropped $7k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $24k; list at $68k implies a 183% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — 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 $65,960 (3.0% below list)

Questions for the listing agent

1. It's been on market 39 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.50% ✓
• Cap rate: 13.31%
• Cash-on-cash: 25.07%
• DSCR: 2.12
• GRM: 5.5

CMA / ARV

• ARV (on-the-fly): $58,133
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2504 Standard Ave	0.15mi	2/1.0	963 (+1%)	7mo	$169,000	$175	86
2307 Woodland Ave	0.15mi	1/1.0 (-1)	940 (-1%)	7mo	$17,000	$18	80
2306 Standard Ave	0.20mi	2/1.0	900 (-6%)	4mo	$38,000	$42	78
2645 Grand Ave	0.44mi	2/1.0	926 (-3%)	3mo	$62,000	$67	72
2130 W Gaulbert Ave	0.45mi	2/1.0	982 (+3%)	3mo	$60,000	$61	71
3229 Kirby Ave	0.70mi	2/1.0	950 (-0%)	2mo	$45,000	$47	66
2615 Greenwood Ave	0.52mi	3/1.0 (+1)	988 (+4%)	3mo	$71,000	$72	62
2108 Bolling Ave	0.38mi	3/1.0 (+1)	1,011 (+6%)	7mo	$52,000	$51	61
1712 Saint Louis Ave	0.57mi	2/1.0	1,072 (+12%)	4mo	$45,000	$42	49
3107 Dumesnil St	0.57mi	3/1.0 (+1)	1,035 (+9%)	6mo	$32,000	$31	49
1320 S 17th St	0.75mi	3/2.0 (+1)	1,003 (+5%)	3mo	$118,000	$118	45
1714 Bolling Ave	0.72mi	3/2.0 (+1)	1,068 (+12%)	4mo	$110,000	$103	34

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

Projected returns pro-forma

10.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 45.9%
• Equity multiple: 4.56×
• Total profit: $67,752
• Equity at exit: $61,260

10-year hold

• IRR: 41.7%
• Equity multiple: 11.13×
• Total profit: $192,944
• Equity at exit: $132,109

Cash invested: $19,040 (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 →

ZIP-level market 40210

• Home prices YoY: 12.1%
• Rents YoY: 8.1%
• Active inventory: 92
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,023 high
• Mortgage (P&I): −$357
• Tax from tax record: −$25 /mo · $302/yr
• Insurance: −$28
• HOA: −$0
• Vacancy / Maint / Mgmt: −$215
• Net cashflow: $398

Break-even live

Break-even rent $519

Max offer price $68,000

Occupancy floor 56%

Sensitivity live

Price	-10% $436	-5% $417	+0% $398	+5% $379	+10% $359
Rent	-10% $317	-5% $357	+0% $398	+5% $438	+10% $479
Rate	-1.0pp $432	-0.5pp $415	base $398	+0.5pp $380	+1.0pp $362

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: $17,000
• Closing costs: $2,040
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1349 Olive St Unit 4 Louisville, KY	1.0	1.0	550	$650	$1.18	4d	1	0.17mi
1349 Olive St Unit 3 Louisville, KY	1.0	1.0	600	$695	$1.16	4d	1	0.17mi
1349 Olive St Unit 4 Louisville, KY	1.0	1.0	600	$725	$1.21	24d	1	0.17mi
2614 Virginia Ave Louisville, KY	2.0	1.0	975	$925	$0.95	24d	1	0.18mi
1339 S 28th St Unit 3 Louisville, KY	3.0	1.0	1125	$1,175	$1.04	21d	1	0.23mi
2807 Dumesnil St Unit 101 Louisville, KY	1.0	1.0	750	$950	$1.27	24d	1	0.30mi
2706 Hale Ave Unit 2 Louisville, KY	2.0	1.0	900	$1,250	$1.39	24d	1	0.31mi
2706 Hale Ave Unit 1 Louisville, KY	3.0	1.0	1100	$1,400	$1.27	24d	1	0.31mi
1333 S 22nd St Louisville, KY	2.0	1.0	744	$1,200	$1.61	24d	1	0.31mi
1854 W Ormsby Ave Louisville, KY	2.0	2.0	1094	$800	$0.73	17d	1	0.32mi
2913 Dumesnil St Apt 3 Louisville, KY	3.0	1.0	1112	$740	$0.67	11d	1	0.38mi
1842 Bolling Ave Louisville, KY	1.0	1.0	900	$895	$0.99	15d	1	0.43mi
2708 Greenwood Ave Apt 1 Louisville, KY	3.0	1.0	1100	$1,300	$1.18	24d	1	0.49mi
1439 Beech St Apt 1 Louisville, KY	3.0	1.5	1000	$820	$0.82	24d	1	0.49mi
1418 Beech St Unit 2 Louisville, KY	2.0	1.0	1000	$980	$0.98	22d	1	0.51mi
2400 Burwell Ave Louisville, KY	2.0	1.0	972	$895	$0.92	17d	1	0.56mi
1710 Saint Louis Ave Louisville, KY	2.0	1.0	720	$1,000	$1.39	4d	1	0.56mi
2710 W Kentucky St Apt 2 Louisville, KY	3.0	1.0	1015	$1,300	$1.28	24d	1	0.58mi
2821 Greenwood Ave #1 Louisville, KY	3.0	1.0	1113	$1,300	$1.17	24d	1	0.58mi
2513 Date St Unit 2 Louisville, KY	1.0	1.0	700	$745	$1.06	4d	1	0.61mi
1792 W Gaulbert Ave Louisville, KY	2.0	1.0	915	$950	$1.04	24d	1	0.63mi
1768 W Hill St Louisville, KY	2.0	1.0	675	$925	$1.37	24d	1	0.63mi
1443 S 32nd St Unit 2 Louisville, KY	1.0	1.0	550	$780	$1.42	24d	1	0.67mi
2724 Garland Ave Unit 202 Louisville, KY	2.0	1.0	950	$745	$0.78	4d	1	0.68mi
1148 S 17th St Unit 2 Louisville, KY	3.0	1.0	1000	$895	$0.90	24d	1	0.70mi
3215 Virginia Ave Louisville, KY	3.0	1.0	975	$924	$0.95	24d	1	0.71mi
1816 Gregg Ave Louisville, KY	2.0	2.0	773	$1,100	$1.42	17d	1	0.74mi
1714 W Hill St Louisville, KY	3.0	1.0	1050	$1,045	$1.00	24d	1	0.75mi
1305 S 17th St Louisville, KY	2.0	1.0	750	$950	$1.27	24d	1	0.75mi
848 S 23rd St Louisville, KY	3.0	1.5	1050	$1,450	$1.38	24d	1	0.76mi
2706 Wyandotte Ave Louisville, KY	2.0	1.0	756	$1,295	$1.71	4d	1	0.78mi
3122 W Kentucky St Louisville, KY	3.0	1.0	1030	$1,150	$1.12	24d	1	0.79mi
1708 W Gaulbert Ave Louisville, KY	3.0	1.0	936	$975	$1.04	24d	1	0.79mi
1616 Gallagher St Louisville, KY	3.0	1.5	1056	$1,400	$1.33	24d	1	0.82mi
1145 Louis Coleman Jr Dr Louisville, KY	2.0	1.0	913	$875	$0.96	24d	1	0.82mi
1836 Algonquin Pkwy Unit 2 Louisville, KY	1.0	1.0	600	$650	$1.08	24d	1	0.83mi
1836 Algonquin Pkwy Unit 1 Louisville, KY	1.0	1.0	650	$650	$1.00	15d	1	0.83mi
1644 W Kentucky St Unit 3 Louisville, KY	3.0	1.0	900	$950	$1.06	24d	1	0.87mi
3004 Wyandotte Ave Louisville, KY	2.0	1.0	700	$1,200	$1.71	17d	1	0.88mi
832 Hazel St Louisville, KY	2.0	1.0	720	$1,095	$1.52	4d	1	0.90mi

Listing history 33 events

1. 2026-06-21
   days on market $68,000 Active 39 DOM
2. 2026-06-18
   days on market $68,000 Active 36 DOM
3. 2026-06-17
   days on market $68,000 Active 35 DOM
4. 2026-06-16
   days on market $68,000 Active 34 DOM
5. 2026-06-15
   days on market $68,000 Active 33 DOM
6. 2026-06-13
   days on market $68,000 Active 31 DOM
7. 2026-06-10
   days on market $68,000 Active 28 DOM
8. 2026-06-09
   days on market $68,000 Active 27 DOM
9. 2026-06-08
   days on market $68,000 Active 26 DOM
10. 2026-06-07
    days on market $68,000 Active 25 DOM
11. 2026-06-03
    days on market $68,000 Active 21 DOM
12. 2026-06-02
    days on market $68,000 Active 20 DOM
13. 2026-06-01
    days on market $68,000 Active 19 DOM
14. 2026-05-31
    days on market $68,000 Active 18 DOM
15. 2026-05-13
    listed $75,000 Active
16. 2025-05-22
    historical $850
17. 2025-05-02
    price $850
18. 2025-05-01
    historical $1,000
19. 2025-05-01
    listed $1,000
20. 2025-04-22
    price $1,000
21. 2025-03-27
    listed $1,350
22. 2021-04-09
    soldstatus $24,000 Closed 103-char remark

    Show marketing remark (103 chars)

    Perfect for an investor. New roof, subfloors, hot water heater and 3 new entry doors. Come take a look!

23. 2021-04-01
    status Pending 103-char remark

    Show marketing remark (103 chars)

    Perfect for an investor. New roof, subfloors, hot water heater and 3 new entry doors. Come take a look!

24. 2021-03-23
    listed $35,000 Active 103-char remark

    Show marketing remark (103 chars)

    Perfect for an investor. New roof, subfloors, hot water heater and 3 new entry doors. Come take a look!

25. 2020-01-30
    soldstatus $12,500 Closed 52-char remark

    Show marketing remark (52 chars)

    Outstanding value for an investor or owner occupant.

26. 2020-01-18
    status Pending 52-char remark

    Show marketing remark (52 chars)

    Outstanding value for an investor or owner occupant.

27. 2019-11-12
    listed $15,000 Active 52-char remark

    Show marketing remark (52 chars)

    Outstanding value for an investor or owner occupant.

28. 2018-03-23
    historical
29. 2018-02-06
    listed $15,000 Active
30. 2015-10-09
    soldstatus $11,500
31. 2015-09-29
    soldstatus $500 Closed
32. 2015-09-01
    status Pending
33. 2015-08-06
    listed $6,000 Active

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

Tax reassessment forecast KY · Resets to sale price

• Current annual tax: $302 · $25/mo
• Projected year-2 tax: $585 · $49/mo
• Expected delta: +$282/yr (+$24/mo · 93.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

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 ≥105°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: $12,272
• − Mortgage interest: −$3,809
• − Property taxes: −$302
• − Insurance: −$340
• − Repairs & maintenance: −$982
• − Management: −$982
• − Depreciation: −$1,978
• Taxable income: $3,879
• Est. tax owed @ 24.0%: −$931
• After-tax cash flow: $3,842/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.

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

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 · 790,184 people
• City population: 769,292
• Metro: Louisville/Jefferson County, KY-IN
• Population (ZIP): 13,518
• Household income: $35,347
• Rent vs Own: 56.0% rent · 44.0% own
• Severe rent burden: 815.0

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%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (84%)
• Race & ethnicity: Black 84% White 8% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Iranian 1%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · Spanish 3%

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: ▲ 28.45%
• Current HPI: 264.0146
• Rent YoY: ▲ 8.05%
• Metro: Louisville/Jefferson County, KY-IN
• State GDP YoY: ▲ 1.81%
• F500 in state: 4

Industry mix (Fortune 500 HQ in KY)

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

Price history

+1150.0% since first listed

19 events — show timeline

• 2026-05-13 Listed $75,000 Metro Search MLS
• 2025-05-22 Rental Removed $850 TENANTTURNER2
• 2025-05-02 Price Changed $850 TENANTTURNER2
• 2025-05-01 Rental Removed $1,000 BUILDIUM
• 2025-05-01 Listed for Rent $1,000 TENANTTURNER2
• 2025-04-22 Price Changed $1,000 BUILDIUM
• 2025-03-27 Listed for Rent $1,350 BUILDIUM
• 2021-04-09 Sold (MLS) $24,000 Metro Search MLS
• 2021-04-01 Pending — Metro Search MLS
• 2021-03-23 Listed $35,000 Metro Search MLS
• 2020-01-30 Sold (MLS) $12,500 Metro Search MLS
• 2020-01-18 Pending — Metro Search MLS
• 2019-11-12 Listed $15,000 Metro Search MLS
• 2018-03-23 Listing Removed — Metro Search MLS
• 2018-02-06 Listed $15,000 Metro Search MLS
• 2015-10-09 Sold (Public Records) $11,500 Public Records
• 2015-09-29 Sold (MLS) $500 Metro Search MLS
• 2015-09-01 Pending — Metro Search MLS
• 2015-08-06 Listed $6,000 Metro Search MLS

Property tax history

+15.6%/yr

Latest (2025): $302 · -1.9% YoY. Source: county tax records.