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💥 CANNONS LANE CONVERSION — St. Matthews Value-Add
121 Cannons Ln
Louisville, KY, 40206
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Starting at
$175,000
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After-repair value
$380,000
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Open house
Tue, Oct 20
2:00 PM ET
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Offers due Wed, Oct 21 at 2:00 PM ET
Submit at or above $175,000. No extensions will be granted.
Buyer’s agents, include your commission in the offer. This is not first-come, first-served. Every buyer gets the same shot.
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Can’t make the showing?
Offer without walking it.
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Quick facts
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Bedrooms / baths
2 / 1
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Square feet
1,290
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Year built
1920
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Lot size
0.16 acres
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Market rent
$1,730/mo
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Occupancy
Owner Occupied
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Earnest money
$5,000
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Closing by
11/02/2026
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What makes this deal special
Classic 1920s bungalow on a deep 40x175 lot, walkable to Holy Spirit and the shops and restaurants of St. Matthews, where renovated 3-bedroom bungalows are selling from $350K to $400K. The play is simple: finish out the upstairs into a true 3-bedroom, add a second bath, and capture an estimated ARV of $380K. The heavy-ticket items work in your favor: the roof is only 8 years old and the water heater is 3, which leaves room for a big margin in one of Louisville's most in-demand neighborhoods.
Branden Miletta
Investment Sales Specialist, Rapid Fire Investments
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Comparable sales
3 bd / 2 ba | 1284 sqft | closed May 2026 Renovated |
2 bd / 1 ba | 1155 sqft | closed Oct 2025 Clean but outdated |
2 bd / 1 ba | 1277 sqft | closed Apr 2026 Clean but outdated |
Pulled from public record and provided for reference only.
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Known repairs
These notes reflect what we saw at the walkthrough. They are estimates, not inspections.
Verify condition, comps, scope, and every figure in this email independently before you offer.
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Either way, offers are due Wed, Oct 21 at 2:00 PM ET.
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Branden Miletta
Investment Sales Specialist
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Terms of this deal
| $5,000 earnest money, hard day one. Forfeited if the buyer fails to perform; refundable if title issues arise or the seller backs out. |
| Closing on or before 11/02/2026. |
| Title is open with Turn Key Title. |
| Sight-unseen, no-contingency cash offers are accepted. |
| Agents: add your fee to the offer and bring us a buyer. |
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Rapid Fire Investments, a DBA of Streamline Realty LLC
We are selling our assignable purchase contract, not the real property itself. Rapid Fire
Investments is not acting as your agent or fiduciary.
Full disclosures and disclaimers
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