1225 S 6th St Louisville, KY 40203

Building Details

Year Built

1900

Listing Agency Marcus & Millichap - Louisville

Listed by David Badgett · License #215224

Source Crexi

Added: May 22 Checked: Jul 17 at 4:13 am

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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.

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FAQs

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.