1535 Wurtele Ave

Louisville, KY 40208 · 2 bed · 2 bath · 846 sqft · Built 1947
Starting Price
$99,000
or Buy It Now for $110,000
Sold as-is · $2,500 non-refundable EMD
ARV $220,000
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Property Overview

Rare two-building income play in Algonquin (Churchill West, 40208). The main house is a 2-bed, 2-bath with a full basement, built in 1947, and converts easily to a 3-bed. A separate 800 sqft structure on the lot already has electric, water, and sewer, ready to finish as a 2-bed, 1-bath ADU. Run both and the property projects $2,800 a month in rent ($1,600 main plus $1,200 ADU). Finished ARV is about $220,000 ($150,000 main house plus $70,000 ADU). Renovated homes on Wurtele itself have sold from $135,000 to $165,000, and a turnkey 3-bed on nearby Algonquin Pkwy sold for $160,000 in May 2026. The second unit is what lifts this above a standard single-family exit. Offers start at $99,000, or Buy It Now at $110,000. $2,500 non-refundable EMD.

Important Notice

We Buy 502 is selling an equitable interest in a purchase contract, not a listed property. This is not an MLS listing. We Buy 502 is not acting as a real estate agent or broker in this transaction. The buyer is purchasing an assignment of contract directly from the contract holder. All information is believed accurate but not guaranteed — buyers are encouraged to perform their own due diligence prior to submitting an offer.

Property Details
Beds2
Baths2
Sq Ft846
Year Built1947
NeighborhoodAlgonquin · Churchill West
After Repair Value
$220,000 · $260/sqft
Closed comps · Prior sales
AddressSale PriceSqFtLot$/SqFtCondSold
801 Algonquin Pkwy$160,0001,022$157AMay 2026
Turnkey remodel (updated kitchen and bath, newer HVAC) on the Algonquin corridor in 40208. The strongest recent renovated comp and the anchor for the main-house value near $150,000.
1412 Wurtele Ave$135,0001,0195,401 sqft$132AJul 2023
Same block as the subject with a nearly identical footprint. Renovated with a quartz kitchen and a full finished basement. The closest location comp, and it supports the main house before adding any ADU income.
1514 Wurtele Ave$165,0002,404$69Oct 2022
A larger 3-bed / 3-bath on the same street. An older 2022 sale on more square footage, but it shows Wurtele topping out at $165,000 and brackets the high end of the block.
A No work neededB Cosmetic onlyC Moderate rehabD Full gutF Uninhabitable
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