Multifamily
For Sale
$1,000,000
1136 S 3rd St, Louisville, KY 40203
The building dates to 1927, with size to be verified by the buyer.
Property Size8,582 SF
Price / SF$116.52
Days on Market89
Property Features for 1136 S 3rd St
General Information
Standard status
Active
Size
8,582 SF
Property subtype
Multi-Family
Building Details
Year Built
1927
Listing Agency:
United Real Estate Louisville
Listed By:
Vijay Addala · License #265343
(302) 897-9899
Source:
Familyrealty
Added: Jul 21
Changed: Oct 17
Last Checked: Oct 7 at 2:58PM
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 multifamily property at 1136 S 3rd St in Louisville was constructed in 1927. The reported square footage is approximate, and the buyer is responsible for verifying the building size.
Key Highlights
- Multifamily property at 1136 S 3rd St, Louisville, KY 40203
- Built in 1927
- Reported square footage is approximate and subject to buyer verification
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,405
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,168,100
$1.2M
Cap Rate 7%
$834,357
$834.4K
Cap Rate 9%
$648,944
$648.9K
Market Conditions
NOI Build-Up for 8,582 SF
Gross rent
$112.3K $13.08/SF
− Vacancy
−$6.1K −$0.71/SF
EGI
$106.2K $12.37/SF
− OpEx
−$47.8K −$5.57/SF
NOI
$58.4K $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%
$1,168,100
Cap Rate 7%
$834,357
Cap Rate 9%
$648,944
Alternative Uses
Best Use
Apartment 5plus
$834.4K
$730.1K – $973.4K
NOI $58,405 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.22M
$1.95M – $2.60M
NOI $155,712 @ 7.0% cap · market cap 15.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,727
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The building dates to 1927, with size to be verified by the buyer.
Where is this multifamily property located?
The property is located at 1136 S 3rd St Louisville, KY.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Multifamily property at 1136 S 3rd St, Louisville, KY 40203; Built in 1927; Reported square footage is approximate and subject to buyer verification
