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    Louisville Highlands Four-Plex Opportunity

    1700 Rosewood Ave Louisville, KY 40204

    Claim this Listing
    For Sale
    $425,000

    MULTI_FAMILY - Other - Louisville, KY

    Property size:
    2,933 SF
    Lot size:
    0.10 Acres
    Price / SF:
    $144/SF
    Added:
    May 27, 2026
    Days on Market:
    47
    Last Refresh:
    Jul 12 at 12:06 am

    Property Features for 1700 Rosewood Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    5
    Rooms
    Bathroom 2, Bedroom 1, Bathroom 4, Bedroom 5, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bathroom 5, Bedroom 2
    Patio and Porch features
    Deck
    Exterior features
    Balcony
    Standard status
    Active
    APN
    10075B00910000
    Size
    2,933 SF
    Lot size
    0.10 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1900
    Number of units
    4
    Building materials
    Vinyl Siding
    Roof type
    Shingle, Metal
    Architectural style
    Other

    Listing agent William M Friel License #57228

    Listing office Weichert Realtors - ABG 252 Whittington Pkwy S-A, Louisville, KY

    Listing date May 27, 2026

    MLS# 1718596 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.

    Investment Insights

    Based on property information with market context.

    Located in the Highlands neighborhood of Louisville, this four-plex property offers an investment opportunity. The property has a history of rentals and potential for increased market rents. The location provides access to the Bardstown Road corridor, with dining, retail, and nightlife options. The utility setup includes separate electric meters for each tenant and a single common gas meter. The property contains 2,933 square feet and is situated on a 0.1-acre lot.

    Key Highlights

    • Prime Highlands location, minutes from Bardstown Road dining, retail, and nightlife.
    • Versatile 4‑plex suitable for investors or owner‑occupants.
    • Strong rental history with potential to increase market rents.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    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.

    Component $ $/SF
    Gross rent $37.3k $12.72
    − Vacancy −$2.1k −$0.70
    EGI $35.3k $12.02
    − OpEx −$10.6k −$3.61
    NOI $24.7k $8.41
    2,933 SF · lease $12.72/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $352.6K
    $308.5K – $411.3K (±1% cap)
    NOI $24,679 @ 7.0% cap · market cap 5.81%
    Second Best
    Apartment 5plus
    $285.2K
    $249.5K – $332.7K (±1% cap)
    NOI $19,961 @ 7.0% cap · market cap 4.70%
    Theoretical Best
    Office A
    $760.2K
    $665.2K – $886.9K (±1% cap)
    NOI $53,216 @ 7.0% cap · market cap 12.52%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Electrical Service Daycare Center HVAC Service Kitchen & Bath Showroom Furniture & Home Goods Plumbing Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Locksmith Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Quadplex - Four-plex in Louisville's Highlands neighborhood with rental upside.
    Where is this quadplex located?
    The property is located at 1700 Rosewood Ave Louisville, KY.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Prime Highlands location, minutes from Bardstown Road dining, retail, and nightlife.; Versatile 4‑plex suitable for investors or owner‑occupants.; Strong rental history with potential to increase market rents.
    Contact an agent
    (502) 893-1900
    We can help!
    Contact an agent
    William M Friel
    William M Friel
    Real Estate License ID: 57228
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