Four-Unit Quadplex with Basement
For Sale
$639,900
119 McArthur Dr, Louisville, KY 40207
Four one-bedroom, one-bath residences provide rear parking, basement storage, and washer/dryer hookups.
Property Size3,630 SF
Price / SF$176.28
Days on Market88
Property Features for 119 McArthur Dr
General Information
Standard status
Active
Size
3,630 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Amenities
additional storage in the basement
washer/dryer hookups
Building Details
Year Built
1959
Listing Agency:
Homepage Realty
Listed By:
Amy Kastan
(502) 609-9170
Source:
Familyrealty
Added: Jul 20
Changed: Oct 5
Last Checked: Oct 15 at 12:57AM
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 Homepage Realty
Investment Insights
Based on property information with market context.
Built in 1959, this 3,630-square-foot quadplex contains four one-bedroom, one-bath units. The property includes rear parking, basement storage, and washer/dryer hookups, providing practical support features for the existing residential configuration.
The property is located near shopping, dining, restaurants, and major roadways, with access to surrounding area amenities. Its four-unit layout supports multifamily ownership and includes the physical features described for the property.
The property is located near shopping, dining, restaurants, and major roadways, with access to surrounding area amenities. Its four-unit layout supports multifamily ownership and includes the physical features described for the property.
Key Highlights
- Four 1‑bedroom, 1‑bath units in a quadplex configuration
- 3,630 SF property built in 1959
- Rear parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,544
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,880
$610.9K
Cap Rate 7%
$436,343
$436.3K
Cap Rate 9%
$339,378
$339.4K
Market Conditions
NOI Build-Up for 3,630 SF
Gross rent
$46.2K $12.72/SF
− Vacancy
−$2.5K −$0.70/SF
EGI
$43.6K $12.02/SF
− OpEx
−$13.1K −$3.61/SF
NOI
$30.5K $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%
$610,880
Cap Rate 7%
$436,343
Cap Rate 9%
$339,378
Alternative Uses
Best Use
Multifamily LT 5
$436.3K
$381.8K – $509.1K
NOI $30,544 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$352.9K
$308.8K – $411.7K
NOI $24,704 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$940.9K
$823.3K – $1.10M
NOI $65,863 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,132
Businesses Nearby
Explore this area
Business Placement
Demographics for 40207, KY
30,104
Population
14,507
Households
2.1
Avg Household Size
43
Median Age
68%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
2,573
Density / Sq Mi
$98,583
Median Household Income
$59,242
Median Earnings
$1,248
Median Rent
$401,500
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom, one-bath residences provide rear parking, basement storage, and washer/dryer hookups.
Where is this quadplex located?
The property is located at 119 McArthur Dr Louisville, KY.
What is the asking price?
The asking price for this property is $639,900.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bath units in a quadplex configuration; 3,630 SF property built in 1959; Rear parking included
