1522 W Ormsby Ave

Louisville, KY

New this weekLouisville Land Bank4,125 sqftStructure

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Location & enrichment

Property type: Structure
Zoning: R7
Flood zone: X
Lot size: 4,125 sqft
Nearest metro: 1.7 mi
Nearest airport: 5.0 mi
Assessed value (county): $25,910 (2023)
Area median home value: $51,900
Area pop. trend (5yr): +9.5%
Area median rent: $845/mo
Owner-occupied: 17.4%
Rental vacancy: 28.8%

Not investment advice. Verify eligibility, price, and restrictions with the source listing before acting. Imagery is approximate (parcel centroid). Inventory checked August 1, 2026.

How to buy from the Louisville Land Bank

The Louisville Land Bank is a public agency that resells government-owned property. Start from the source listing, confirm the parcel is still available, and follow the land bank's published application or offer process.

Louisville and Jefferson County Landbank Authority, Inc. profile →All Louisville Land Bank listings →How to buy land bank property in Kentucky →

Quick deal check

Purchase priceRenovation budgetAfter-repair value

All-in $40,001 = 77% of ARV

Workable, thin margin

ARV starts from the area's median home value (Census) — replace it with real comps before acting. The 70% rule: flippers target purchase + rehab ≤ 70% of ARV. Not financial advice.

Buildability report

Pro

1 of 5 checks raised a caution — see which

Each result names the measurement, the source dataset it came from, and when it was last refreshed.