503 Wallace Ave, Louisville, KY 40207

• 3 beds |
• 2 baths |
• 2,320 sqft

Property Description

Welcome to 503 Wallace Avenue, a charming Cape Cod nestled in the heart of St. Matthews, just moments from the area's most popular shops, restaurants, and everyday conveniences. This beautifully maintained home offers 3 bedrooms**, 2 full baths, and 1 half bath, along with a fully finished basement designed for entertaining and everyday living. Step inside to a warm and inviting family room featuring a lovely fireplace and a picturesque bay window overlooking the front yard. Just beyond the main living area, you'll find a spacious kitchen complete with a cozy breakfast nook, perfect for casual dining and morning coffee. Off the kitchen is a versatile mudroom/office space with direct access to the rear yard, driveway, detached garage, and covered carport. The remainder of the first floor includes two comfortable bedrooms and a beautifully appointed hall bath. Upstairs, you'll find the space currently utilized as the primary suite**, offering a peaceful retreat with two generous closets and a full bath. The fully finished basement creates the ultimate recreational space for family and friends, featuring a full wet bar, wine cooler, and ample room for gatherings, movie nights, or game days. A cozy gas fireplace anchors the rear corner across from the wet bar, complete with TV hookups above for the perfect entertainment setup. Tucked beneath the stairs, you'll also find an adorable play nook that adds both charm and functionality. The basement additionally offers excellent storage space alongside the laundry area. Outside, enjoy the wonderful rear yard complete with a stone fire pit area ideal for relaxing and entertaining year-round. The property also includes a detached one-car garage and covered carport for additional parking and storage. Conveniently located near downtown St. Matthews, this home perfectly blends classic Cape Cod charm with modern functionality and exceptional entertaining spaces. **Please note: The second-floor space (approximately 301 sqft) is considered nonconforming by the appraiser that measured the property. However, the current owners have utilized this area as a third bedroom/primary suite.

Listing Status:

Active

Date Added:

May 28, 2026

Data Last Updated:

May 31, 2026 at 12:39AM

Listing Office:

Kentucky Select Properties : 502-271-5000

MLS ID:

1718743

Interior

• Basement: Partially Finished
• A/C: Central Air
• Heating: Natural Gas
• Fireplace: FireplaceFireplaces: 1

Exterior

• Style: Cape Cod
• Parking: DetachedEntry RearDriveway

Construction

• Roofing: Shingle
• General: Brick2Poured Concrete

Location

• HOA Amenities: 0.0
• Originating MLS: APEX MLS (Greater Louisville Association of REALTORS®)
• School District: Jefferson
• County: Jefferson

Lot

• Zoning: 22041500430000
• Fencing: Chain Link

Utilities

• Utilities: Electricity ConnectedFuel:Natural
• Water: Public
• Sewer: Public Sewer

Financial

• Source: APEX MLS (Greater Louisville Association of REALTORS®)