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Louisville Quadplex Investment Opportunity

1711 Liberty Bell Way, Louisville, KY 40215

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For Sale

$325,000

Quadplex with four units, generating rental income.

Property size:

2,940 SF

Lot size:

0.15 Acres

Price / SF:

$110/SF

We can help!

Contact an agent

Darlene K Hirth

Real Estate License ID: 212206

HighLights

Strong Rental Income: Three units generate $950/month each
Long‑Term Lease: One unit is leased until March 1, 2026, ensuring stable income
Fully Rented: All four units are currently occupied, offering immediate cash flow
Tenant‑Paid Utilities: Tenants cover electric, gas, and cable
Quadplex Structure: The property consists of four separate units
Each unit features two bedrooms and one bathroom

For Sale

$325,000

Quadplex with four units, generating rental income.

Property size:

2,940 SF

Lot size:

0.15 Acres

Price / SF:

$110/SF

Added:: Jun 25, 2024
Days on Market:: 743
Last Refresh:: Apr 5 at 10:59 pm

Property Features for 1711 Liberty Bell Way

General Information

Standard status: Active
Size: 2,940 SF
Lot size: 0.15 Acres
Property subtype: other

Building Details

Year Built: 1961

We can help!

Contact an agent

Darlene K Hirth

Listing office Exit Realty Crutcher

Listing date Jun 25, 2024

Source Exitrealty

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 Exit Realty Crutcher

HighLights

Strong Rental Income: Three units generate $950/month each
Long‑Term Lease: One unit is leased until March 1, 2026, ensuring stable income
Fully Rented: All four units are currently occupied, offering immediate cash flow
Tenant‑Paid Utilities: Tenants cover electric, gas, and cable
Quadplex Structure: The property consists of four separate units
Each unit features two bedrooms and one bathroom

Overview

This property presents an investment opportunity with a quadplex configuration, featuring four units each containing two bedrooms and one bathroom. Currently, three of the units are leased at $950.00 per month under one-year lease agreements. The fourth unit is rented for $900 until March 1, 2026. Tenants are responsible for covering the costs of electricity, gas, and cable, while the landlord is responsible for water and trash expenses. The property size is 2940 square feet.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$37.4k	$12.72
− Vacancy	−$2.1k	−$0.70
EGI	$35.3k	$12.02
− OpEx	−$10.6k	−$3.61
NOI	$24.7k	$8.41

2,940 SF · lease $12.72/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$353.4K

$309.2K – $412.3K (±1% cap)

NOI $24,738 @ 7.0% cap · market cap 7.61%

Second Best

Apartment 5plus

$285.8K

$250.1K – $333.5K (±1% cap)

NOI $20,008 @ 7.0% cap · market cap 6.16%

Theoretical Best

Office A

$762.0K

$666.8K – $889.1K (±1% cap)

NOI $53,343 @ 7.0% cap · market cap 16.41%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: Louisville
County: Jefferson
State: Kentucky
Longitude: -85.7948046
Latitude: 38.1949784

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For sale
Quadplexes
KY
Louisville
40215
1711 Liberty Bell Way

What type of property is this?

Quadplex - Quadplex with four units, generating rental income.

Where is this quadplex located?

The property is located at 1711 Liberty Bell Way Louisville, KY.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: Strong Rental Income: Three units generate $950/month each; Long‑Term Lease: One unit is leased until March 1, 2026, ensuring stable income; Fully Rented: All four units are currently occupied, offering immediate cash flow