Dixie Highway Multifamily Investment
12819 Dixie Hwy, Louisville, KY 40272
MULTI_FAMILY - Bungalow - Louisville, KY
Type:Apartment
Property size:
2,968 SFPrice / SF:
$99/SF- Added:
- Sep 2, 2025
- Days on Market:
- 257
- Last Refresh:
- May 16 at 7:06 pm
Property Features for 12819 Dixie Hwy
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
- Exterior features
- Balcony
- Standard status
- Active
- APN
- 111300170020
- Size
- 2,968 SF
Utilities
- Sewer type
- Public Sewer
Building Details
- Number of units
- 5
- Building materials
- Aluminum Siding
- Roof type
- Asphalt
- Architectural style
- Bungalow
Listing agent Danny L Boehnlein (502) 472-3863
Listing office Gant Hill & Associates, LLC 10300 Linn Station Rd. S-400, Louisville, KY (502) 515-4455
Listing date Sep 2, 2025
MLS# 1698851
Listing URL
Copyright © 2026 Greater Louisville Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully leased 5‑unit building providing immediate rental income.
- Located on Dixie Highway, offering high visibility and accessibility.
- Each unit is a 1‑bedroom, 1‑bathroom apartment, a potentially desirable layout for renters.
- Convenient location near Metro Louisville and Ft. Knox.
- Easy access to dining, shopping, and the Interstate.
- Month‑to‑month leases offer flexibility for future rent adjustments or property redevelopment.
Overview
This fully leased, five-unit investment property is located on Dixie Highway, south of the Gene Snyder Freeway. The building contains five apartments, each featuring one bedroom and one bathroom. The units are currently leased month to month; three units at $700 per month and two units at $600 per month. The property is conveniently located for access to both Metro Louisville and the Ft. Knox area. The neighborhood provides access to dining, shopping, and the Interstate. The property size is 2968 square feet and the lot size is 0 acres. This property presents an opportunity to own a 5-unit investment property.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$224.4K
NOI $20,199 @ 9.00% cap · cautious / downside scenario
Moderate
$288.6K
NOI $20,199 @ 7.00% cap · market / base-case scenario
Aggressive
$404.0K
NOI $20,199 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.8k | $13.08 |
| − Vacancy | −$2.1k | −$0.71 |
| EGI | $36.7k | $12.37 |
| − OpEx | −$16.5k | −$5.57 |
| NOI | $20.2k | $6.81 |
2,968 SF · lease $13.08/SF/yr · vacancy 5.40% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$288.6K
$252.5K – $336.7K
NOI $20,199 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$769.3K
$673.1K – $897.5K
NOI $53,851 @ 7.0% cap · market cap 18.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Custom Arms Apartments
Apartment Building
Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Jefferson
- State
- Kentucky
- Longitude
- -85.88444
- Latitude
- 38.068779
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully leased 5-unit apartment building near Gene Snyder Freeway.
Where is this apartment building located?
The property is located at 12819 Dixie Hwy Louisville, KY.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Fully leased 5‑unit building providing immediate rental income.; Located on Dixie Highway, offering high visibility and accessibility.; Each unit is a 1‑bedroom, 1‑bathroom apartment, a potentially desirable layout for renters.
