Search
Occupied Four-Unit Apartment Property
For Sale
$300,000

409 Marret Ave, Louisville, KY 40208

Multi Family, Louisville, KY

Property Size4,200 SF
Lot Size0.15 Acres
Price / SF$71.43
Days on Market115

Property Features for 409 Marret Ave

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Bedrooms 4
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 3, Bathroom 3, Bathroom 4, Bedroom 1, Basement, Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 1
Subdivision OLD LOUISVILLE
Directions Off S. Preston Street, south of Ormsby Avenue
Standard status Active
Size 4,200 SF
Lot size 0.15 Acres

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 1927
Number of units 4
Building materials Concrete, Brick, Stucco
Roof type Shingle
Architectural style Other
Listing Agency: United Real Estate Louisville
Listed By: Vijay Addala · License #265343
Added: May 24 Changed: Sep 14 Last Checked: Sep 15 at 3:06PM
MLS# 1718390

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.

This 4,200-square-foot quadplex contains four one-bedroom, one-bath apartments, with all units occupied. The 1927 property is constructed with concrete, brick, and stucco, and includes a shingle roof. Basement space is also present within the building.

The property occupies 0.15 acres at 409 Marret Ave in Louisville, Kentucky. Public water and public sewer serve the site. Three additional multifamily buildings located next to this property are also offered for sale, including an 8-plex at 401 and 405 Marret Ave and a 4-plex at 402 Marret Ave. Together, the four buildings contain 16 one-bedroom, one-bath units.

Key Highlights

  • Four total units, each configured as one bedroom and one bathroom
  • All units are occupied
  • 4,200 square feet on 0.15 acres

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Dental Office Pharmacy (Bike/Boat/Book/etc) Store Florist Pet Store Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,077
Businesses Nearby

Demographics for 40208, KY

17,048
Population
6,675
Households
2.6
Avg Household Size
27
Median Age
34%
College-Educated
88%
High-School Grad
2.6 sq mi
ZIP Area
6,557
Density / Sq Mi
$37,714
Median Household Income
$17,255
Median Earnings
$914
Median Rent
$153,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Quadplex - Four occupied one-bedroom apartments with public utilities and established residential configuration.
Where is this quadplex located?
The property is located at 409 Marret Ave Louisville, KY.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Four total units, each configured as one bedroom and one bathroom; All units are occupied; 4,200 square feet on 0.15 acres
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message