Mixed-Use Building with New
For Sale
$599,000
1164 S Brook St, Louisville, KY 40203
The five-unit property combines residential space with a street-level commercial suite.
Property Size4,860 SF
Price / SF$123.25
Days on Market240
Property Features for 1164 S Brook St
General Information
Standard status
Active
Size
4,860 SF
Property subtype
Multi Family Home
Site & Location
Neighborhood
Smoketown
Public Transit
Yes
Mixed-Use Components
residential, commercial
Additional Details
Multifamily Units
3
Amenities
Balcony
Building Details
Building Size
4,860 SF
Year Built
1880
Buildings
1
Units
4
Tenancy
Multi
Listing Agency:
EOS Real Estate
Listed By:
Scott Howe · License #74531
(502) 919-0726
Source:
Gstarksrealty
Added: Mar 1
Changed: Oct 26
Last Checked: Oct 26 at 3:01PM
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 EOS Real Estate
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Investment Insights
Based on property information with market context.
At 1164 S Brook St in Louisville, this mixed-use property brings together three residential units, a street-level commercial space and a separate storage unit. The commercial area is approximately 1,280 square feet. A new roof has been installed, and the building is described as suitable for mixed commercial and residential use.
Key Highlights
- Five units: three residential spaces, a street‑level commercial area and a storage unit
- Approximately 1,280 square feet of street‑level commercial space
- New roof installed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,075
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,500
$661.5K
Cap Rate 7%
$472,500
$472.5K
Cap Rate 9%
$367,500
$367.5K
Market Conditions
NOI Build-Up for 4,860 SF
Gross rent
$63.6K $13.08/SF
− Vacancy
−$3.4K −$0.71/SF
EGI
$60.1K $12.37/SF
− OpEx
−$27.1K −$5.57/SF
NOI
$33.1K $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%
$661,500
Cap Rate 7%
$472,500
Cap Rate 9%
$367,500
Alternative Uses
Best Use
Mixed Use
$824.8K
$721.7K – $962.3K
NOI $57,737 @ 7.0% cap · market cap 9.64%
Second Best
Retail
$800.4K
$700.4K – $933.9K
NOI $56,031 @ 7.0% cap · market cap 9.35%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,180 @ 7.0% cap · market cap 14.72%
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
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,410
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?
Mixed-use property - The five-unit property combines residential space with a street-level commercial suite.
Where is this mixed-use property located?
The property is located at 1164 S Brook St Louisville, KY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Five units: three residential spaces, a street‑level commercial area and a storage unit; Approximately 1,280 square feet of street‑level commercial space; New roof installed
