Corner Fourplex Residential
For Sale
$549,500
1072 Baxter Ave, Louisville, KY 40204
Fourplex at a corner lot with hardwood flooring throughout each unit.
Days on Market36
Property Features for 1072 Baxter Ave
General Information
Standard status
Active
Property subtype
Multi Family Home
Additional Details
Multifamily Units
4
Building Details
Building Size
2,000 SF
Year Built
1925
Listing Agency:
Broadway Management Group
(502) 709-1693
Listed By:
Jonathan L Schenkenfelder · License #220889
(502) 709-1693
Source:
Demareeandhubbard
Added: Jun 26
Changed: Jul 27
Last Checked: Jul 30 at 12:06PM
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 Broadway Management Group
Investment Insights
Based on property information with market context.
This fourplex offers four residential units with hardwood flooring throughout. The property configuration supports income-producing multifamily use within a single building.
The asset is located at the corner of Winter and Baxter in the Highlands area. The listing notes the opportunity’s location as a key feature, and showings are scheduled through the listing agent.
For buyers or investors seeking a small residential income property, this corner fourplex provides a straightforward four-unit structure with consistent interior flooring finishes.
The asset is located at the corner of Winter and Baxter in the Highlands area. The listing notes the opportunity’s location as a key feature, and showings are scheduled through the listing agent.
For buyers or investors seeking a small residential income property, this corner fourplex provides a straightforward four-unit structure with consistent interior flooring finishes.
Key Highlights
- Fourplex on a corner lot at the corner of Winter and Baxter
- Built in 1925
- Hardwood flooring throughout each unit
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 | $25.4k | $12.72 |
| − Vacancy | −$1.4k | −$0.70 |
| EGI | $24.0k | $12.02 |
| − OpEx | −$7.2k | −$3.61 |
| NOI | $16.8k | $8.41 |
2,000 SF · lease $12.72/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$240.4K
$210.4K – $280.5K
NOI $16,829 @ 7.0% cap · market cap 3.06%
Second Best
Apartment 5plus
$194.4K
$170.1K – $226.9K
NOI $13,611 @ 7.0% cap · market cap 2.48%
Theoretical Best
Office A
$518.4K
$453.6K – $604.8K
NOI $36,288 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,250
Businesses Nearby
Explore this area
Business Placement
Demographics for 40204, KY
14,600
Population
8,759
Households
1.7
Avg Household Size
38
Median Age
63%
College-Educated
97%
High-School Grad
3.2 sq mi
ZIP Area
4,563
Density / Sq Mi
$70,706
Median Household Income
$50,246
Median Earnings
$1,225
Median Rent
$314,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex at a corner lot with hardwood flooring throughout each unit.
Where is this quadplex located?
The property is located at 1072 Baxter Ave Louisville, KY.
What is the asking price?
The asking price for this property is $549,500.
What are key features of this property?
This property features: Fourplex on a corner lot at the corner of Winter and Baxter; Built in 1925; Hardwood flooring throughout each unit
