12-Unit Apartment
110 W Oak St, Louisville, KY 40203
For Sale
$1,080,000
Four residential buildings provide a mix of one- and two-bedroom apartments with on-site laundry.
Property Size12,356 SF
Price / SF$87.41
Days on Market50
Property Features for 110 W Oak St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Utilities to Site
Units
Unit Mix
Multifamily Units
Additional Details
Sprinkler System
Amenities
on-site laundry
Building Details
Year Built
Buildings
Stories
Listing Agency:
United Real Estate Louisville
Listed By:
Key Associates Signature Realty
(812) 686-3268
Source:
Keyassociates
Added: Sep 26
Changed: Nov 12
Last Checked: Nov 12 at 7:47AM
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 United Real Estate Louisville
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Investment Insights
Based on property information with market context.
This four-building apartment property contains 12 units: eight one-bedroom, one-bath apartments and four two-bedroom, one-bath apartments. The buildings were constructed in 1900 and have received renovations, including a replacement roof and new mini-split systems. Apartments have sprinkler systems, and coin-operated laundry is provided on-site. Units are separately metered for LG&E. First- and second-floor units have dedicated HVAC systems; third-floor apartments use mini-splits.
The offering encompasses 110, 112, 114 and 116 Oak Street in Louisville, near the University of Louisville and Downtown Louisville.
The offering encompasses 110, 112, 114 and 116 Oak Street in Louisville, near the University of Louisville and Downtown Louisville.
Key Highlights
- 12 apartments: eight 1‑bedroom/1‑bath units and four 2‑bedroom/1‑bath units
- Four‑building property at 110, 112, 114 and 116 Oak Street
- Built in 1900; renovations include a replacement roof and new mini‑split systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,089
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,681,780
$1.7M
Cap Rate 7%
$1,201,271
$1.2M
Cap Rate 9%
$934,322
$934.3K
Market Conditions
NOI Build-Up for 12,356 SF
Gross rent
$161.6K $13.08/SF
− Vacancy
−$8.7K −$0.71/SF
EGI
$152.9K $12.37/SF
− OpEx
−$68.8K −$5.57/SF
NOI
$84.1K $6.81/SF
Area
Louisville, KY
Vacancy
5.40%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,681,780
Cap Rate 7%
$1,201,271
Cap Rate 9%
$934,322
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $84,089 @ 7.0% cap · market cap 7.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.20M
$2.80M – $3.74M
NOI $224,187 @ 7.0% cap · market cap 20.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
12
Residential units
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,410
Businesses Nearby
Explore this area
Business Placement
Demographics for 40203, KY
16,801
Population
10,754
Households
1.6
Avg Household Size
37
Median Age
22%
College-Educated
86%
High-School Grad
2.9 sq mi
ZIP Area
5,793
Density / Sq Mi
$31,430
Median Household Income
$32,581
Median Earnings
$828
Median Rent
$179,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Louisville, KY
Properties on Market for Apartment buildings in Louisville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Four residential buildings provide a mix of one- and two-bedroom apartments with on-site laundry.
Where is this apartment building located?
The property is located at 110 W Oak St Louisville, KY.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: 12 apartments: eight 1‑bedroom/1‑bath units and four 2‑bedroom/1‑bath units; Four‑building property at 110, 112, 114 and 116 Oak Street; Built in 1900; renovations include a replacement roof and new mini‑split systems
