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Renovated 6-Unit Apartment Building
For Sale
$1,670,000

1241 Cherokee Rd, Louisville, KY 40204

Renovated units offer spacious rooms, high ceilings, and additional carriage-house space.

Property Size5,704 SF
Price / SF$292.78
Days on Market134

Property Features for 1241 Cherokee Rd

General Information

Standard status Active
Size 5,704 SF
Total Parking Spaces 4
Property subtype Multifamily
Zoning R5B
Occupancy 100%

Additional Details

Multifamily Units 6

Amenities

Power
Water
Sewer
Natural Gas
4 Parking Spaces

Building Details

Year Built 1905
Tenancy Multi
Listing Agency: The Dattilo Realty Company
Listed By: Tommy Clark
Source: Kcrea.resimplifi
Added: Apr 20 Changed: Aug 28 Last Checked: Aug 30 at 1:10PM

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 The Dattilo Realty Company

Investment Insights

Based on property information with market context.

Built in 1905, this 5,704-square-foot apartment property contains six units with renovated interiors, larger rooms, and high ceilings. The improvements also include family living quarters, a carriage house, and a large 2 1/2 garage. The property is zoned R5B.

Located at 1241 Cherokee Rd in Louisville, the building is within the Cherokee Triangle historic neighborhood. All units are occupied by long-term tenants, providing an established income-producing configuration.

Key Highlights

  • Six‑unit apartment property totaling 5,704 square feet
  • Renovated units with larger rooms and high ceilings
  • Carriage house and large 2 1/2 garage

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Daycare Center HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Plumbing Service Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,030
Businesses Nearby

Demographics for 40204, KY

14,600
Population
8,759
Households
1.7
Avg Household Size
38
Median Age
63%
College-Educated
97%
High-School Grad
3.2 sq mi
ZIP Area
4,563
Density / Sq Mi
$70,706
Median Household Income
$50,246
Median Earnings
$1,225
Median Rent
$314,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Renovated units offer spacious rooms, high ceilings, and additional carriage-house space.
Where is this apartment building located?
The property is located at 1241 Cherokee Rd Louisville, KY.
What is the asking price?
The asking price for this property is $1,670,000.
What are key features of this property?
This property features: Six‑unit apartment property totaling 5,704 square feet; Renovated units with larger rooms and high ceilings; Carriage house and large 2 1/2 garage
More about this property
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