Multifamily Asset in Old
For Sale
Contact for pricing
Pending
1225 S 6th St, Louisville, KY 40203
16-unit multifamily property with hybrid business model in Louisville.
Property SizeContact for details
Days on Market105
Property Features for 1225 S 6th St
General Information
Standard status
Pending
Class
B
Total Parking Spaces
19
Property subtype
Multifamily
Occupancy
100%
Building Details
Year Built
1900
Year Renovated
1973
Buildings
1
Stories
3
Units
16
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Louisville
Listed By:
David Badgett · License #215224
(502) 329-5900
Source:
Crexi
Added: May 22
Changed: Aug 31
Last Checked: Jul 19 at 9:12AM
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 Marcus & Millichap - Louisville
Investment Insights
Based on property information with market context.
The Flats on Sixth, located at 1225 South 6th Street in Louisville, Kentucky, is a 16-unit multifamily asset. The property offers a stabilized, income-producing asset with a hybrid business model. The property is positioned in the Old Louisville submarket, midway between Downtown Louisville and the University of Louisville. The Flats on Sixth consists of 8 studios and 8 one-bedroom units across a historic 1900 brick main building and a 1973 addition. The property delivers a diversified revenue profile through a blend of furnished mid-term rentals and traditional long-term leases. Furnished units are individually designed and cater to travel nurses, academics, and contract workers, commanding a 34%+ rent premium over unfurnished units. Long-term leases anchored by rigorous tenant screening provide occupancy stability and income predictability. The property benefits from an undersupplied urban rental market with a Walk Score of 80+. The inclusion of 19 dedicated off-street parking spaces on an adjoining lot represents a rare amenity within the neighborhood. The Flats on Sixth has maintained 95% occupancy. This property is located in an Opportunity Zone.
Key Highlights
- Fully stabilized, income‑producing 16‑unit multifamily asset.
- Proven hybrid business model with furnished mid‑term rentals and traditional long‑term leases.
- Achieve a 34%+ rent premium through furnished units catering to travel nurses, academics, and contract workers.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,358
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 16-unit multifamily property with hybrid business model in Louisville.
Where is this apartment building located?
The property is located at 1225 S 6th St Louisville, KY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Fully stabilized, income‑producing 16‑unit multifamily asset.; Proven hybrid business model with furnished mid‑term rentals and traditional long‑term leases.; Achieve a 34%+ rent premium through furnished units catering to travel nurses, academics, and contract workers.
