Search
8-Unit Multifamily with Buildable Potential
For Sale
Contact for pricing
Pending

1247 Schiller Ave, Louisville, KY 40204

Apartment investment with 8 units, in-unit laundry hookups, and upgrades including granite counters and stainless appliances.

Days on Market100

Property Features for 1247 Schiller Ave

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 8
Listing Agency: Semonin REALTORS
Listed By: LaTonia Isenberg · License #KY 202342
Source: Crexi
Added: Apr 23 Changed: Jul 21 Last Checked: Jul 31 at 12:45PM

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 Semonin REALTORS

Investment Insights

Based on property information with market context.

This is a tangible, solid apartment investment offering eight units on-site, with the potential to add two additional units at the back end of the property for an estimated total of 10 units. Public records (PVA) list 6 units, while the seller states the property operates as 8 units. All units include their own laundry hookups.

The units are configured as 2 bedrooms with 1 1/2 baths. Interiors include granite counters and stainless steel appliances, with a combination of hardwood laminate and carpet flooring. The newer six units are described as townhouse-style. Units 1 and 2 are the original duplex and are uniquely designed.

The property is set back in quiet, greenery-filled surroundings and includes ample off-street parking. Rent rolls and P&Ls are attached to the listing.

Key Highlights

  • 8‑unit apartment investment (PVA lists 6 units) with potential to add 2 more units to total 10 units
  • All units include their own laundry hookups
  • 2‑bedroom, 1.5‑bath units with granite counters and stainless steel appliances

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Daycare Center (Bike/Boat/Book/etc) Store Pet Grooming Service Auto Parts Store Plumbing Service Travel Agency

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

8
Residential units

Location Intelligence

Trade Area within ½ mile

1,241
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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Apartment investment with 8 units, in-unit laundry hookups, and upgrades including granite counters and stainless appliances.
Where is this apartment building located?
The property is located at 1247 Schiller Ave Louisville, KY.
What are key features of this property?
This property features: 8‑unit apartment investment (PVA lists 6 units) with potential to add 2 more units to total 10 units; All units include their own laundry hookups; 2‑bedroom, 1.5‑bath units with granite counters and stainless steel appliances
(502) 797-7808 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message