Dixie Highway Multifamily Investment
For Sale
$295,000
12819 Dixie Hwy, Louisville, KY 40272
MULTI_FAMILY - Bungalow - Louisville, KY
Property Size2,968 SF
Price / SF$99.39
Days on Market333
Property Features for 12819 Dixie Hwy
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
Exterior features
Balcony
Directions
Gene Snyder to Dixie Highway
Subdivision
05-Auburndale/Fairdale/IroquoisPrk/Shively
Standard status
Active
APN
111300170020
Size
2,968 SF
Utilities
Sewer type
Public Sewer
Building Details
Number of units
5
Building materials
Aluminum Siding
Roof type
Asphalt
Architectural style
Bungalow
Listing Agency:
Gant Hill & Associates, LLC
(502) 515-4455
Listed By:
Danny L Boehnlein · License #54973
(502) 472-3863
Added: Sep 2, 2025
Changed: Jul 30
Last Checked: Jul 31 at 7:06AM
MLS# 1698851
Copyright © 2026 Greater Louisville Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully leased, five-unit investment property is located on Dixie Highway, south of the Gene Snyder Freeway. The building contains five apartments, each featuring one bedroom and one bathroom. The units are currently leased month to month; three units at $700 per month and two units at $600 per month. The property is conveniently located for access to both Metro Louisville and the Ft. Knox area. The neighborhood provides access to dining, shopping, and the Interstate. The property size is 2968 square feet and the lot size is 0 acres. This property presents an opportunity to own a 5-unit investment property.
Key Highlights
- Fully leased 5‑plex south of the Gene Snyder Freeway on Dixie Highway
- Unit mix: five 1‑bedroom, 1‑bath apartments
- Monthly leases: all units are month‑to‑month
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.8k | $13.08 |
| − Vacancy | −$2.1k | −$0.71 |
| EGI | $36.7k | $12.37 |
| − OpEx | −$16.5k | −$5.57 |
| NOI | $20.2k | $6.81 |
2,968 SF · lease $13.08/SF/yr · vacancy 5.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$288.6K
$252.5K – $336.7K
NOI $20,199 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$769.3K
$673.1K – $897.5K
NOI $53,851 @ 7.0% cap · market cap 18.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
Explore this area
Business Placement
Demographics for 40272, KY
37,747
Population
15,469
Households
2.4
Avg Household Size
39
Median Age
19%
College-Educated
90%
High-School Grad
33.3 sq mi
ZIP Area
1,134
Density / Sq Mi
$66,382
Median Household Income
$37,644
Median Earnings
$1,147
Median Rent
$169,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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 - Fully leased 5-unit apartment building near Gene Snyder Freeway.
Where is this apartment building located?
The property is located at 12819 Dixie Hwy Louisville, KY.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Fully leased 5‑plex south of the Gene Snyder Freeway on Dixie Highway; Unit mix: five 1‑bedroom, 1‑bath apartments; Monthly leases: all units are month‑to‑month
