Renovated Three-Unit Mixed-Use
For Sale
$850,000
1110 Logan St, Louisville, KY 40204
Fully renovated, separately metered property with occupied commercial and furnished residential units.
Property Size3,625 SF
Lot Size0.17 Acres
Price / SF$234.48
Days on Market89
Property Features for 1110 Logan St
General Information
Standard status
Active
Size
3,625 SF
Total Parking Spaces
10
Lot size
0.17 Acres
Property subtype
Residential Income
Zoning
C-2
Occupancy
100%
Additional Details
Gross Income
$90,000
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
EXP Realty LLC
(888) 624-6448
Listed By:
Stephanie L Gilezan · License ##56013
(502) 817-6484
Source:
Exprealty
Added: Jul 20
Changed: Oct 12
Last Checked: Oct 14 at 11:55PM
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 EXP Realty LLC
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Investment Insights
Based on property information with market context.
This fully renovated mixed-use building contains 3,625 square feet on a 0.17-acre lot. The three-unit configuration includes a ground-floor commercial space and two furnished 1BR/1BA residential units. All units are occupied, and the property is separately metered. The commercial lease runs through March 2029, while the residential units are leased on annual terms.
Located at 1110 Logan St in Louisville, the property sits directly across from Logan Street Market, with access to the Shelby Park and Logan Street corridor and nearby Germantown, NuLu, and Downtown areas. C-2 zoning is identified as STR-eligible, subject to buyer verification. Ten off-street parking spaces provide on-site parking for the mixed-use configuration.
Located at 1110 Logan St in Louisville, the property sits directly across from Logan Street Market, with access to the Shelby Park and Logan Street corridor and nearby Germantown, NuLu, and Downtown areas. C-2 zoning is identified as STR-eligible, subject to buyer verification. Ten off-street parking spaces provide on-site parking for the mixed-use configuration.
Key Highlights
- Fully renovated 3,625‑square‑foot mixed‑use building
- Three occupied units: one ground‑floor commercial space and two furnished 1BR/1BA residences
- 0.17‑acre lot with 10 off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,065
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,300
$861.3K
Cap Rate 7%
$615,214
$615.2K
Cap Rate 9%
$478,500
$478.5K
Market Conditions
NOI Build-Up for 3,625 SF
Gross rent
$78.3K $21.60/SF
− Vacancy
−$9.4K −$2.59/SF
EGI
$68.9K $19.01/SF
− OpEx
−$25.8K −$7.13/SF
NOI
$43.1K $11.88/SF
Area
Louisville, KY
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,300
Cap Rate 7%
$615,214
Cap Rate 9%
$478,500
Alternative Uses
Best Use
Mixed Use
$615.2K
$538.3K – $717.8K
NOI $43,065 @ 7.0% cap · market cap 5.07%
Second Best
Retail
$597.0K
$522.4K – $696.6K
NOI $41,793 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$939.6K
$822.2K – $1.10M
NOI $65,772 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,157
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
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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?
Mixed-use property - Fully renovated, separately metered property with occupied commercial and furnished residential units.
Where is this mixed-use property located?
The property is located at 1110 Logan St Louisville, KY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Fully renovated 3,625‑square‑foot mixed‑use building; Three occupied units: one ground‑floor commercial space and two furnished 1BR/1BA residences; 0.17‑acre lot with 10 off‑street parking spaces
