Renovated Four-Unit Multifamily
New
For Sale
$695,000
1105 S 1st St, Louisville, KY 40203
Multi Family, Louisville, KY
Property Size4,884 SF
Lot Size0.11 Acres
Price / SF$142.30
Days on Market2
Property Features for 1105 S 1st St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 4, Bedroom 5, Bathroom 2, Bathroom 8, Bathroom 3, Bedroom 6, Bathroom 6, Bathroom 7, Bedroom 2, Bedroom 8, Bedroom 3, Bathroom 5, Bathroom 4, Bathroom 1, Bedroom 1, Bedroom 7
Subdivision
OLD LOUISVILLE
Lot features
Sidewalk
Directions
W St Catherine to 1st St
Standard status
Active
APN
08030J00990000
Size
4,884 SF
Lot size
0.11 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
gas, electricity
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
exposed brick
in-unit washer/dryer
secured entry
secured parking
Building Details
Year built
1890
Number of units
4
Building materials
Brick
Roof type
Flat, Asphalt
Buildings
1
Listing Agency:
Redfin
(502) 251-7147
Listed By:
Mark Naber
(502) 220-1829
Added: Nov 5
Last Checked: Nov 6 at 4:06AM
MLS# 1733812
Copyright © 2026 Greater Louisville Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1890, this brick multifamily property contains 4,884 square feet across four renovated apartments, each configured with two bedrooms and two bathrooms. Exposed brick, high ceilings, natural light, and an open living and kitchen area characterize the units. Kitchens have islands with bar seating, stainless steel appliances, and granite countertops; each apartment also includes a washer and dryer. The building has forced-air natural gas heat and central air conditioning.
Three apartments are leased, while the fourth is vacant. The property had approximately 100% occupancy over the preceding four years. A secured entrance and secured rear lot accompany off-street parking. Tenants pay gas and electric costs, and the owner covers water and sewer. The building is in Old Louisville, near downtown medical facilities, University of Louisville campuses, Spalding University, and Central Park.
Three apartments are leased, while the fourth is vacant. The property had approximately 100% occupancy over the preceding four years. A secured entrance and secured rear lot accompany off-street parking. Tenants pay gas and electric costs, and the owner covers water and sewer. The building is in Old Louisville, near downtown medical facilities, University of Louisville campuses, Spalding University, and Central Park.
Key Highlights
- Four renovated 2‑bedroom, 2‑bathroom apartments in a 4,884‑square‑foot brick building
- Built in 1890 on a 0.11‑acre parcel
- Approximately 100% occupancy over the past 4 years; three units currently leased and one vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,095
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$821,900
$821.9K
Cap Rate 7%
$587,071
$587.1K
Cap Rate 9%
$456,611
$456.6K
Market Conditions
NOI Build-Up for 4,884 SF
Gross rent
$62.1K $12.72/SF
− Vacancy
−$3.4K −$0.70/SF
EGI
$58.7K $12.02/SF
− OpEx
−$17.6K −$3.61/SF
NOI
$41.1K $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%
$821,900
Cap Rate 7%
$587,071
Cap Rate 9%
$456,611
Alternative Uses
Best Use
Multifamily LT 5
$587.1K
$513.7K – $684.9K
NOI $41,095 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$474.8K
$415.5K – $554.0K
NOI $33,238 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,615 @ 7.0% cap · market cap 12.75%
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
4
Residential units
75%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,808
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - All four apartments offer two bedrooms, two bathrooms, and in-unit laundry.
Where is this quadplex located?
The property is located at 1105 S 1st St Louisville, KY.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Four renovated 2‑bedroom, 2‑bathroom apartments in a 4,884‑square‑foot brick building; Built in 1890 on a 0.11‑acre parcel; Approximately 100% occupancy over the past 4 years; three units currently leased and one vacant
