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    Louisville High Rise Multifamily Property
    Updated: May 20
    Louisville High Rise Multifamily Property

    1136 S 3rd St, Louisville, KY 40203

    $1,000,000
    11,174 sqft
    Brick construction
    Heating includes electric and natural gas
    Cooling via window and wall/window units
    Year built 1927
    Public water and public sewer
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    This listing looks promising.

    Here's a quick look at some key insights for

    1136 S 3rd St, Louisville, KY 40203

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    • Est. Cap Rate

      7.6%
      Above avg (5.9%)

    • Est. NOI

      $76K
      Annual

    • Price @ 7% Cap

      $1.09M
      Above asking

    • Property Type

      Apartments (Generic)
      Built 1927
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    7-Unit Multifamily Residence
    Updated: Jun 24
    7-Unit Multifamily Residence

    1271 Cherokee Rd, Louisville, KY 40204

    $1,490,000
    6,285 sqft 0.24 AC lot
    7‑unit multifamily property at 1271 Cherokee Road in Louisville’s Cherokee Triangle
    5 units in the main residence plus 2 units in a separate carriage house with front street and rear alley access
    Year built 1890 with architectural features including original leaded and stained‑glass windows
    Central air and forced‑air heating, with public water and public sewer
    On‑site parking available and includes a porch and balcony
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    8-Unit Apartment Building
    8-Unit Apartment Building

    3944 S 3rd St, Louisville, KY 40214

    $720,000
    4,944 sqft 0.12 AC lot

    Eight 1-bedroom, 1-bath units are separately metered, with off-street parking on a corner lot.

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    32-Unit Old Louisville Apartment Building
    32-Unit Old Louisville Apartment Building

    1122 Garvin Pl, Louisville, KY 40203

    $2,599,000
    17,404 sqft 0.48 AC lot

    32 one-bedroom apartments with on-site laundry and an on-site manager space in Louisville’s Old Louisville area.

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    Renovated 11-Unit Apartment Building
    Renovated 11-Unit Apartment Building

    2189 Baringer Avenue, Louisville, KY 40204

    $1,495,000
    9,144 sqft

    An 11-unit, 2BR/1BA apartment building with recent renovations and off-street parking at the rear.

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    Highlands Multifamily Investment Opportunity
    Highlands Multifamily Investment Opportunity

    1646 Beechwood Ave, Louisville, KY 40204

    $1,100,000
    6,909 sqft 0.16 AC lot

    Turnkey investment property with high income in Louisville, Kentucky.

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    Five-Unit Italianate Apartment Building
    Five-Unit Italianate Apartment Building

    1130 S Brook St, Louisville, KY 40203

    $595,000
    4,163 sqft

    Historic Italianate five-unit building with renovated interiors, multiple exterior and system improvements, and a detached garage.

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    Renovated Five-Unit Apartment Building
    Renovated Five-Unit Apartment Building

    1475 S 3rd St, Louisville, KY 40208

    $645,000
    4,786 sqft

    Renovated five-unit apartment building with updated building systems and renovated interiors throughout.

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    32-Unit Apartment Building
    32-Unit Apartment Building

    1122 GARVIN PL, Louisville, KY 40203

    $2,599,000
    13,908 sqft

    32 one-bedroom units with an on-site manager’s space and basement laundry facilities in a residential income property.

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    Renovated 5-Unit Multifamily
    Renovated 5-Unit Multifamily

    918 Ash St, Louisville, KY 40217

    $500,000
    3,200 sqft 0.14 AC lot

    Four recently renovated units with central heat and air, plus a top-level unit awaiting completion for added income potential.

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    Six-Unit Multifamily Property
    Six-Unit Multifamily Property

    3217 Fordhaven Rd, Louisville, KY 40214

    $500,000
    5,270 sqft

    Six identical 2-bedroom, 1-bath units each include dedicated laundry and a spacious kitchen.

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    Turnkey Eight-Unit Multifamily Property
    Turnkey Eight-Unit Multifamily Property

    1646 BEECHWOOD AVE, Louisville, KY 40204

    $1,100,000
    6,909 sqft

    Eight-unit investment property with separate gas/electric metering and updated roof, HVAC, windows, and parking lot.

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    Cherokee Road Apartment Building
    Cherokee Road Apartment Building

    1224 Cherokee Rd, Louisville, KY 40204

    $1,000,000
    8,550 sqft

    Six-unit apartment building in Louisville's Cherokee Triangle.

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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    1224 CHEROKEE RD, Louisville, KY 40204

    $1,000,000
    8,550 sqft

    Apartment building offering separately metered utilities, rear egress to shared yard, and four vacant garages.

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    Highlands 7-Plex Investment Opportunity
    Highlands 7-Plex Investment Opportunity

    1642 Beechwood Ave, Louisville, KY 40204

    $850,000
    3,764 sqft

    Investment opportunity in the Highlands, near Mid-City Mall.

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    Adjacent 12-Unit Apartment Package
    Adjacent 12-Unit Apartment Package

    3109 Springfield Dr, Louisville, KY 40214

    $460,000
    5,145 sqft

    Package sale of two adjacent 6-unit buildings with recent systems upgrades and one move-in-ready vacant unit.

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    Seven-Unit Apartment Building
    Seven-Unit Apartment Building

    1642 BEECHWOOD AVE, Louisville, KY 40204

    $850,000
    3,764 sqft

    For sale seven-unit multifamily with five one-bedrooms and two two-bedrooms in the Highlands area behind Mid-City Mall.

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    Nine-Unit Multifamily Investment
    Nine-Unit Multifamily Investment

    1525 Anderson St, Louisville, KY 40210

    $485,000
    6,870 sqft 0.17 AC lot

    Two separate buildings total nine units, with individual metering for gas and electric and, in part, water.

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    Fern Creek Multifamily Investment Opportunity
    Fern Creek Multifamily Investment Opportunity

    3400 Lesway Ct, Louisville, KY 40220

    $1,164,000
    11,955 sqft

    Well-maintained 12-unit property in desirable Fern Creek/Hikes Point area.

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    Louisville Multifamily Investment Opportunity
    Louisville Multifamily Investment Opportunity

    401 Marret Ave, Louisville, KY 40208

    $600,000
    11,276 sqft

    Two buildings with eight units, generating consistent income.

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    Louisville Multifamily Investment Opportunity
    Louisville Multifamily Investment Opportunity

    649 S 44th St, Louisville, KY 40211

    $774,000
    10,848 sqft

    Well-maintained 12-unit property near Shawnee Park.

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    Adjacent 6-Unit Apartment Package
    Adjacent 6-Unit Apartment Package

    3105 Springfield Dr, Louisville, KY 40214

    $460,000
    5,145 sqft

    Two adjacent 6-unit apartment buildings with recent mechanical and utility upgrades and one unit currently vacant.

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    Louisville Rental Portfolio: 16 Units
    Louisville Rental Portfolio: 16 Units

    602 Colorado Ave, Louisville, KY 40208

    $2,123,250
    17,100 sqft

    16-unit rental portfolio in Louisville, 100% occupied, $225,036 annual rent.

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    Five-Unit Apartment Building
    Five-Unit Apartment Building

    2730 S 4th St, Louisville, KY 40208

    $415,000
    3,440 sqft

    Five-unit apartment building at 2730 S 4th St, fully occupied with long-term tenants and annual rent details available.

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    Louisville, KY Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Louisville, KY, showcased through 61 active listings on our real estate platform. These investment opportunities span a total of 475,591 square feet of properties for sale, with an estimated market value of $57,253,249.

    Sale prices for two-family homes in Louisville, KY start at $48,000, averaging $1,506,664, and reaching up to $9,950,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 766K
    Population Growth (5Y) +4.3%
    Median Household Income $70,176
    College Educated 23.2%

    High-Yield Neighborhoods for Investment

    Identify Louisville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    40272 $295K
    40299 $300K
    40212 $395K
    40214 $460K
    40216 $499K

    Taxes & Financing

    Tax Rate (average for all types) 1.23%
    Property Tax per SF $13.35 per SF
    Tax Rate vs County Average 0.01 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Jefferson County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Louisville fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Louisville, KY

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