Brick Triplex with Separate
For Sale
$450,000
1100 E Oak St, Louisville, KY 40204
The property includes a private one-bedroom residence with dedicated yard access and off-street parking.
Property Size3,042 SF
Days on Market33
Property Features for 1100 E Oak St
General Information
Standard status
Active
Size
3,042 SF
Property subtype
Multi Family Home
Additional Details
Gross Income
$31,200
Utilities to Site
Yes
Building Details
Building Size
3,042 SF
Year Built
1915
Units
3
Construction
brick
Tenancy
Multi
Listing Agency:
GreenTree Real Estate Services
(502) 632-4995
Listed By:
Kara Whalin
(502) 632-4995
Source:
Demareeandhubbard
Added: Jul 10
Changed: Aug 2
Last Checked: Aug 11 at 2:01PM
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 GreenTree Real Estate Services
Investment Insights
Based on property information with market context.
Located at 1100 E Oak St in Louisville, this corner triplex is a brick property built in 1915 with three separately metered residences. Public utilities serve the building, which has forced-air and gas heat. Unit 1102 contains two bedrooms and 1.5 baths, while Unit 1103 offers two bedrooms and one bath. Unit 1104 is a private one-bedroom residence with dedicated yard access and off-street parking; it is currently being renovated.
The property is two blocks from Bradford Mill Lofts and within minutes of the Highlands, NuLu, and Downtown. Tenants cover their own heat, cooling, and gas, while water remains the owner's responsibility. Showings require 48 hours' notice.
The property is two blocks from Bradford Mill Lofts and within minutes of the Highlands, NuLu, and Downtown. Tenants cover their own heat, cooling, and gas, while water remains the owner's responsibility. Showings require 48 hours' notice.
Key Highlights
- Three‑unit brick property built in 1915
- Three separately metered units with public utilities
- Unit 1102: 2 beds and 1.5 baths
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,596
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$511,920
$511.9K
Cap Rate 7%
$365,657
$365.7K
Cap Rate 9%
$284,400
$284.4K
Market Conditions
NOI Build-Up for 3,042 SF
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.
Gross rent
$38.7K $12.72/SF
− Vacancy
−$2.1K −$0.70/SF
EGI
$36.6K $12.02/SF
− OpEx
−$11.0K −$3.61/SF
NOI
$25.6K $8.41/SF
Area
Louisville, KY
Vacancy
5.50%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$511,920
Cap Rate 7%
$365,657
Cap Rate 9%
$284,400
Alternative Uses
Best Use
Multifamily LT 5
$365.7K
$320.0K – $426.6K
NOI $25,596 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$295.7K
$258.8K – $345.0K
NOI $20,702 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$788.5K
$689.9K – $919.9K
NOI $55,194 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,301
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - The property includes a private one-bedroom residence with dedicated yard access and off-street parking.
Where is this triplex located?
The property is located at 1100 E Oak St Louisville, KY.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Three‑unit brick property built in 1915; Three separately metered units with public utilities; Unit 1102: 2 beds and 1.5 baths
