541 E Ormsby Ave, Louisville, KY 40203
Property image
Property image
OFF MARKET

541 E Ormsby Ave
Louisville, KY 40203

Shelby Park
  • Studio
  • 3,440 sqft
Studio
3,440 sqft

Local Information

  • Map ViewExplore the area around 541 E Ormsby Ave.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

An exceptional development opportunity in the heart of Shelby Park. This corner commercial unit, with C2 zoning, is strategically located 3 blocks from Shelby Street, surrounded by a thriving residential community. The property's prime location offers an unparalleled opportunity for investors and developers. This property presents a unique canvas with variances already secured for the demolition and reconstruction of an accessory rear unit and a front exterior awning.

Priced competitively, this property offers diverse potential uses, including residential units, short-term rentals (Airbnb), and/or commercial uses. Its adaptable layout and zoning designation provide a rare chance to capitalize on the burgeoning demand for mixed-use spaces in this sought-after neighborhood.
541 E Ormsby Ave, Louisville, KY 40203 is a studio, 3,440 sqft multi-family in Shelby Park, built in 1906. It last sold for $152,500 on Oct 10, 2024 (8% below the $165,000 asking price). It is currently off market. The Trulia Estimate rent is $1,351/month.

Home Highlights

Parking
Garage
Outdoor
Patio
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 541 E Ormsby Ave

Interior Features

Dimensions and Layout
Living Area: 3440 Square Feet
Appliances & Utilities
Utilities: Electricity Connected, Natural Gas Connected
Heating & Cooling
Heating: Natural GasHas HeatingHeating Fuel: Natural Gas
Gas & Electric
Has Electric on Property
Levels, Entrance, & Accessibility
Levels: Tri-Level

Exterior Features

Exterior Home Features
Roof: ShinglePatio / Porch: PatioOther Structures: Outbuilding
Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1Has a GarageParking Spaces: 1Parking: Garage
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 3140 Square FeetFinished Area (below surface): 300 Square Feet

Property Information

Year Built
Year Built: 1906
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Triplex
Building
Construction Materials: Vinyl Siding, Wood FrameAttached To Another Structure
Property Information
Parcel Number: 023D01280000

Price & Status

Price
List Price: $165,000
Status Change & Dates
Off Market Date: Wed Sep 18 2024

Active Status

MLS Status: Closed

Location

Direction & Address
City: LouisvilleCommunity: Shelby Park

Building

Building Area
Building Area: 3140 Square Feet

HOA

No HOA

Lot Information

Lot Area: 3484.8 sqft

Miscellaneous

BasementMls Number: 1660773Above Grade Unfinished Area: 3140
Last check for updates: about 9 hours ago
Listed by Jonathan D Klunk
EXP Realty LLC
Bought with: James Brown, RE/MAX Premier Properties
Source: Metro Search Inc. LLC DBA Apex MLS, MLS#1660773

Price History for 541 E Ormsby Ave

DatePriceEventSource
10/10/2024$152,500Sold
Metro Search Inc. LLC DBA Apex MLS #1660773
10/05/2024$165,000PendingMetro Search Inc. LLC DBA Apex MLS #1660773
09/23/2024$165,000ContingentMetro Search Inc. LLC DBA Apex MLS #1660773
09/04/2024$165,000PriceChange
Metro Search Inc. LLC DBA Apex MLS #1660773
08/05/2024$185,000PriceChange
Metro Search Inc. LLC DBA Apex MLS #1660773
07/22/2024$190,000PriceChange
Metro Search Inc. LLC DBA Apex MLS #1660773
07/01/2024$195,000PriceChange
Metro Search Inc. LLC DBA Apex MLS #1660773
05/14/2024$215,000Listed For SaleMetro Search Inc. LLC DBA Apex MLS #1660773
01/03/2020$70,000Sold
Metro Search Inc. LLC DBA Apex MLS #1546164
10/30/2019$84,900PendingAgent Provided
10/21/2019$84,900Listed For SaleAgent Provided

Market trends in Louisville

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$255K
$4.33KMoM
Sale-to-List Price
99.3%
0.5%MoM
Price per sq ft
$161
$2MoM
Available listings
2909
198MoM
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Comparable Sales for 541 E Ormsby Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
501 Marret Ave, Louisville, KY
0.12
Multi-Family Home
$235,000
10/27/25
2
2
1,161
213 Woodbine St, Louisville, KY
0.43
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$425,000
12/01/25
5
4
2,732
530-532 E Burnett Ave, Louisville, KY
0.37
Multi-Family Home
$350,000
01/13/26
4
2
1,800
1344 S Brook St, Louisville, KY
0.48
Multi-Family Home
$315,000
09/08/25
5
3
2,230
210 Saint Joseph St, Louisville, KY
0.48
Multi-Family Home
$398,550
03/27/26
4
3
2,574
1462 S Brook St, Louisville, KY
0.61
Multi-Family Home
$260,000
04/27/26
3
2
1,846
1027 Samuel St, Louisville, KY
0.62
Multi-Family Home
$324,000
12/15/25
3
3
1,956
1420 S 1st St, Louisville, KY
0.62
Multi-Family Home
$442,000
12/30/25
7
4
3,736
1358 S 2nd St, Louisville, KY
0.66
Multi-Family Home
$345,000
10/16/25
5
5
4,179
1604 S Shelby St, Louisville, KY
0.65
Multi-Family Home
$260,000
12/30/25
4
2
2,100

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Assigned Schools

These are the assigned schools for 541 E Ormsby Ave.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Shelby Park
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Shelby Park

At least 47 Trulia users voted on each feature.

  • 94 % Say it's dog friendly

  • 92 % Say there are sidewalks

  • 72 % Say it's walkable to restaurants

  • 67 % Say car is needed

  • 65 % Say parking is easy

  • 60 % Say neighbors are friendly

  • 59 % Say there's holiday spirit

  • 59 % Say yards are well-kept

  • 52 % Say they plan to stay for at least 5 years

  • 44 % Say streets are well-lit

  • 43 % Say there's wildlife

  • 39 % Say there are community events

  • 35 % Say kids play outside

  • 35 % Say it's walkable to grocery stores

  • 32 % Say people would walk alone at night

  • 23 % Say it's quiet

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "where I live is pretty nice. loud a bit when it comes to night with the ambulances. But the neighbors are sweet and the kids play outside."
    0
    Flag
  • Trulia User
    " I ride the Tarc Bus to and from work. Alot if times I get to work an to hrs late because there's not enough bus drivers and I wait out in cold and rainy weather"
    0
    Flag
  • Keishanna M.
    "Our extravaganza at Shelby Park hosted by Bates, and other churches in the community do health fairs, movie night in the park and things like that "
    2
    Flag
  • Shores4now
    "Great area close to downtown and other areas of interest lots of local restaurants and art galleries are near by "
    2
    Flag
  • mrandmrsajruszkiewicz
    "I have lived in Shelby Park for the past 7 years. The neighborhood is improving greatly and many homes are being remodeled and updated even now. The park is beautiful and a great place to take kids, walk the dog or exercise. Olmstead Parks is planting 127 new trees in the park which adds to the tranquility. Many new faces are moving in and adding to the urban feel of the neighborhood. A lot of the homes have great character. It is nice to see the improvements that are happening."
    25
    Flag

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Homes for sale near 541 E Ormsby Ave

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Off Market Homes Near 541 E Ormsby Ave

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker. IDX information is provided exclusively for 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 is deemed reliable but not guaranteed. © 2026 Metro Search, Inc.