Triplex with Renovation
New
For Sale
$430,000
1100 E Oak St, Louisville, KY 40204
Two apartments have long-term tenants on month-to-month leases, while the third unit is available for renovation and customization.
Property Size2,826 SF
Price / SF$152.16
Days on Market6
Property Features for 1100 E Oak St
General Information
Standard status
Active
Size
2,826 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Germantown
Public Transit
Yes
Additional Details
Multifamily Units
3
Tenant in Place
Yes
Building Details
Year Built
1915
Buildings
1
Listing Agency:
Keller Williams Heartland
Listed By:
Key Associates Signature Realty
(812) 686-3268
Source:
Keyassociates
Added: Oct 23
Changed: Oct 27
Last Checked: Oct 28 at 8:05AM
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 Keller Williams Heartland
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Investment Insights
Based on property information with market context.
This three-unit property at 1100 E Oak St in Louisville includes two apartments with similar layouts and long-term tenants on month-to-month leases. Each has a lower-level living room, a first-floor kitchen and dining area, and a second-floor loft, two bedrooms, full bathroom, and laundry space. One apartment also includes a foyer and half bath. The third unit offers scope for renovation. A basement contains mechanical systems and additional storage, and the backyard provides outdoor space. Built in 1915, the property is near neighborhood shops, restaurants, entertainment, and public bus routes.
Key Highlights
- Three‑unit property built in 1915
- Two apartments have long‑term tenants on month‑to‑month leases
- Each of the two similar apartments has a lower‑level living room, kitchen and dining area, loft, two bedrooms, full bathroom, and laundry space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,779
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,580
$475.6K
Cap Rate 7%
$339,700
$339.7K
Cap Rate 9%
$264,211
$264.2K
Market Conditions
NOI Build-Up for 2,826 SF
Gross rent
$35.9K $12.72/SF
− Vacancy
−$2.0K −$0.70/SF
EGI
$34.0K $12.02/SF
− OpEx
−$10.2K −$3.61/SF
NOI
$23.8K $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 Rate 5%
$475,580
Cap Rate 7%
$339,700
Cap Rate 9%
$264,211
Alternative Uses
Best Use
Multifamily LT 5
$339.7K
$297.2K – $396.3K
NOI $23,779 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$274.7K
$240.4K – $320.5K
NOI $19,232 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$732.5K
$640.9K – $854.6K
NOI $51,275 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,301
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Two apartments have long-term tenants on month-to-month leases, while the third unit is available for renovation and customization.
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 $430,000.
What are key features of this property?
This property features: Three‑unit property built in 1915; Two apartments have long‑term tenants on month‑to‑month leases; Each of the two similar apartments has a lower‑level living room, kitchen and dining area, loft, two bedrooms, full bathroom, and laundry space
