Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turnkey Multifamily Investment Opportunity Title is generated by Realmo AI

    1055 N Buckman St, Shepherdsville, KY 40165

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    52-unit multifamily property in Shepherdsville with recent renovations.

    Type:Multifamily
    Added:
    Feb 19, 2026
    Days on Market:
    83
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 1055 N Buckman St

    General Information

    Standard status
    Active
    Property subtype
    Multifamily

    Building Details

    Year Built
    1995

    We can help!

    Listing Contact
    Zack Puckett

    Listing agent Zack Puckett License #251796

    Listing office Crye-Leike Executive Realty

    Listing date Feb 19, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Crye-Leike Executive Realty

    HighLights

    • Turnkey 52‑unit multifamily investment property.
    • 90%+ of units extensively renovated in the last three years, featuring updated kitchens/baths, new appliances, HVAC, and flooring.
    • Located in high‑growth Bullitt County corridor with strong population growth and expanding employment.
    • Significant capital improvements including a fully redone parking lot (2 years ago) and roof replacements underway on 8 of 12 buildings.
    • Durable all‑brick construction.
    • Located 5 minutes from Exit 117 on Interstate 65.

    Overview

    This is a 52-unit multifamily investment property located in Shepherdsville, Kentucky. The property is situated just 5 minutes from Exit 117 on Interstate 65. It comprises eleven all-brick buildings and one vinyl duplex. The unit mix is 100% two-bedroom, one-bathroom apartments. Over the past three years, over 90% of the units have been extensively renovated. Renovations include updated kitchens and bathrooms, new cabinets and vanities, tubs, sinks, appliances, water heaters, HVAC systems, flooring, paint, and fixtures. Over half of the A/C units have been replaced within the last five years. Additional capital improvements include a fully redone parking lot completed two years ago. Roof replacements are currently underway on 8 of the 12 buildings. The property is located in the high-growth Bullitt County corridor, benefiting from strong population growth, expanding logistics and manufacturing employment, and proximity to Louisville. The property presents a compelling stabilized investment opportunity with long-term upside.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Shepherdsville
    County
    Bullitt
    State
    Kentucky
    Longitude
    -85.709624
    Latitude
    38.00278

    Nearby Similar for Sale

    • $749,900

      Shepherdsville Multifamily Investment Opportunity

      Well-maintained 6-unit property in a rapidly growing Kentucky corridor.
      261 Fugate Lane, Shepherdsville, KY 40165
      View Details
    • $388,500
      2,338 SF

      Residential Farm on Scenic Acres

      Charming Cape Cod on 11 acres in Shepherdsville, Kentucky.
      1100 Foley Road, Shepherdsville, KY 40165
      View Details
    • $5,990,000

      Renovated Multifamily Investment Opportunity

      52-unit multifamily property in Shepherdsville, Kentucky with recent renovations.
      1055 N Buckman Street, Shepherdsville, KY 40165
      View Details
    • $1,349,900

      Shepherdsville Multifamily Investment Opportunity

      Ten-unit multifamily package in Shepherdsville, near I-65 and Louisville.
      187-243 Fugate Lane, Shepherdsville, KY 40165
      View Details
    • $799,000
      1,400 SF

      Retail Space Near I-65

      Retail space available in growing Shepherdsville community near I-65.
      418-104 Adam Shepherd Pkwy , Shepherdsville, KY
      View Details
    • $749,900

      Shepherdsville Multifamily Investment Opportunity

      Well-maintained 6-unit property near I-65 and Louisville.
      261 Fugate Ln, Shepherdsville, KY 40165
      View Details
    • $1,349,900

      Multifamily Portfolio in Shepherdsville

      Fully occupied 10-unit multifamily portfolio in Bullitt County corridor.
      187 Fugate Ln, Shepherdsville, KY 40165
      View Details
    • Contact for pricing
      376,039 SF

      Industrial Property in Shepherdsville, KY

      Large industrial property available for sale in Shepherdsville, Kentucky.
      460 Buffalo Run Road, Shepherdsville, KY 40165
      View Details
    • $825,000
      2,400 SF

      Mixed-Use Property Near I-65

      Two properties with outbuildings on 1.88 acres near I-65.
      635 Cedar Grove Rd, Shepherdsville, KY 40165
      View Details

    FAQs

    What type of property is this?
    Apartment building - 52-unit multifamily property in Shepherdsville with recent renovations.
    Where is this apartment building located?
    The property is located at 1055 N Buckman St Shepherdsville, KY.
    What is the asking price?
    The asking price for this property is $5,990,000.
    What are key features of this property?
    This property features: Turnkey 52‑unit multifamily investment property.; 90%+ of units extensively renovated in the last three years, featuring updated kitchens/baths, new appliances, HVAC, and flooring.; Located in high‑growth Bullitt County corridor with strong population growth and expanding employment.
    (270) 779-2372 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Zack Puckett
    Real Estate License ID: 251796
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1055 N Buckman St, Shepherdsville, KY 40165
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!