Louisville High Rise Multifamily
1136 S 3rd St Louisville, KY 40203
1136 S 3rd St, Louisville, KY, 40203
$1,000,000
For Sale
$1,000,000
MULTI_FAMILY - High Rise - Louisville, KY
Property Size11,174 SF
Price / SF$89.49
Days on Market61
Property Features for 1136 S 3rd St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Rooms
- Basement
- Standard status
- Active
- APN
- 08029K00980000
- Size
- 11,174 SF
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Natural Gas
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1927
- Number of units
- 14
- Building materials
- Brick
- Architectural style
- High Rise
- Additional Structures
- Outbuilding
Listing Agency
United Real Estate Louisville
(502) 509-4498
101 Bullitt Ln. Ste. 110, Louisville, KY
Listed by
Vijay Addala · License #265343
(302) 897-9899
Added: May 20 Checked: Jul 19 at 12:06 am
MLS# 1717886
Listing URL
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.
Investment Insights
Based on property information with market context.
This multifamily high rise property is located in Louisville, Kentucky. The property has a size of approximately 11174 square feet. Intended use includes apartment buildings and residential income properties. The square footage is approximate and should be verified by the buyer.
Key Highlights
- Brick construction
- Heating includes electric and natural gas
- Cooling via window and wall/window units
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $146.2k | $13.08 |
| − Vacancy | −$7.9k | −$0.71 |
| EGI | $138.3k | $12.37 |
| − OpEx | −$62.2k | −$5.57 |
| NOI | $76.0k | $6.81 |
11,174 SF · lease $13.08/SF/yr · vacancy 5.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$950.6K – $1.27M
NOI $76,045 @ 7.0% cap · market cap 7.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.90M
$2.53M – $3.38M
NOI $202,741 @ 7.0% cap · market cap 20.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
STEELCOPPER
Home Decor Store
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Multifamily high rise property for sale in Louisville, Kentucky.
Where is this apartment building 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: Brick construction; Heating includes electric and natural gas; Cooling via window and wall/window units
