916 Shelby Pkwy, Louisville, KY 40204
- Added:
- Apr 24, 2026
- Days on Market:
- 65
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 916 Shelby Pkwy
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Standard status
- Active
- APN
- 025D00290000
- Size
- 2,694 SF
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air, Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1948
- Number of units
- 4
- Building materials
- Wood Frame, Block, Brick
- Roof type
- Shingle
Listing agent Shawn Owens License #217950 (502) 640-6890
Listing office Beck Realty Group 2505 Tuckaho Rd, Louisville, KY (502) 471-4419
Listing date Apr 24, 2026
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
- Two duplexes on one parcel with 4 total units: 916 Shelby Pkwy (A & B) and 917 Dandridge Ave (A & B).
- 916 Shelby Pkwy Unit A (1BR/1BA) includes an in‑unit washer and dryer and loft area often used as a second bedroom; rented at $1,015/month.
- 916 Shelby Pkwy Unit B (1BR/1BA) is currently vacant, offering immediate lease‑up.
- 917 Dandridge Ave Unit A (2BR/1BA) includes in‑unit washer and dryer and is rented at $1,000/month.
- 917 Dandridge Ave Unit B is a vacant efficiency‑style 1BR/1BA with in‑unit washer and dryer.
- Dual‑street access with frontage on both Shelby Pkwy and Dandridge Ave.
Overview
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 | $34.3k | $12.72 |
| − Vacancy | −$1.9k | −$0.70 |
| EGI | $32.4k | $12.02 |
| − OpEx | −$9.7k | −$3.61 |
| NOI | $22.7k | $8.41 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Jefferson
- State
- Kentucky
- Longitude
- -85.739127
- Latitude
- 38.231762
