Search
Six-Unit Brick Multifamily Building
For Sale
Contact for pricing

3409 Shanks Lane, Louisville, KY 40216

Six updated 2-bedroom units in a six-unit brick building, each with dedicated furnaces and water heaters.

Property SizeContact for details
Days on Market131

Property Features for 3409 Shanks Lane

General Information

Standard status Active
Total Parking Spaces 6
Property subtype Multifamily

Additional Details

Multifamily Units 6

Building Details

Tenancy Multi
Listing Agency: 85W Real Estate
Listed By: Travis Cox · License #218292
Source: Crexi
Added: Apr 24 Changed: Aug 8 Last Checked: Jul 23 at 1:45PM

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 85W Real Estate

Investment Insights

Based on property information with market context.

This six-unit brick multifamily property offers updated, well-maintained interiors across all units. Each unit features two bedrooms, one full bath, a living room, a dining area, and an eat-in kitchen. In addition, the building includes separate furnaces and water heaters for each unit, and interior finishes include updated gray walls, medium-tone LVP flooring, and white shaker-style cabinets. The property also includes six dedicated parking spaces.

The building is located just off Cane Run Road in Louisville, KY 40216, at 3409 Shanks Lane. Based on current payment arrangements, tenants pay sewer and water, while the owner covers electricity and gas.

The configuration provides six separate rental units with individually served mechanical systems and dedicated parking, supporting straightforward day-to-day building operation for an income-focused buyer.

Key Highlights

  • Six‑unit brick multi‑family building just off Cane Run Road
  • All six units are fully updated with 2 bedrooms and 1 full bath
  • Each unit includes a living room, dining area, and eat‑in kitchen

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Electrical Service Skin Care Clinic HVAC Service

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
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

263
Businesses Nearby

Demographics for 40216, KY

43,434
Population
19,257
Households
2.3
Avg Household Size
40
Median Age
14%
College-Educated
87%
High-School Grad
15.7 sq mi
ZIP Area
2,766
Density / Sq Mi
$50,211
Median Household Income
$35,503
Median Earnings
$883
Median Rent
$154,500
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 - Six updated 2-bedroom units in a six-unit brick building, each with dedicated furnaces and water heaters.
Where is this apartment building located?
The property is located at 3409 Shanks Lane Louisville, KY.
What are key features of this property?
This property features: Six‑unit brick multi‑family building just off Cane Run Road; All six units are fully updated with 2 bedrooms and 1 full bath; Each unit includes a living room, dining area, and eat‑in kitchen
(502) 230-1414 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