Search
8-Unit Apartment Building
For Sale
Contact for pricing
Pending

1406 S 1st St, Louisville, KY 40208

Well-maintained 8-unit building with individually metered utilities, resident parking, and coin-operated basement laundry.

Property SizeContact for details
Days on Market120

Property Features for 1406 S 1st St

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: True Blood Realty
Listed By: John Rendeiro · License #KY 266380
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Aug 9 at 12:52PM

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 True Blood Realty

Investment Insights

Based on property information with market context.

This well-maintained 8-unit apartment building features original mantels and recently refinished hardwood floors. The unit mix includes two 2-bedroom, 1-bath apartments, five 1-bedroom apartments with a dining room area and 1 bath, and one 3-bedroom apartment with a living room, dining room area, and 1 bath. Each unit is individually metered, with utilities billed to tenants, and all apartments are described as equipped with dishwashers, pantries, and spacious closets.

The property provides dedicated parking for residents and includes coin-operated laundry facilities in the basement. It is located in Old Louisville and is described as being close to UofL Cardinal Towne, with Churchill Downs and Downtown Louisville just minutes away, along with swift access to I-65.

The offering is also marketed as an opportunity suitable for a potential condo conversion.

Key Highlights

  • Well‑maintained 8‑unit building in Old Louisville with original mantels and recently refinished hardwood floors
  • Unit mix: two 2BR/1BA apartments, five 1BR/1BA apartments with dining room area, and one 3BR/1BA apartment with living and dining rooms
  • Individually metered utilities so tenants pay their own utility expenses

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Bakery Daycare Center Tattoo & Piercing Shop Pharmacy

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

Location Intelligence

Trade Area within ½ mile

1,026
Businesses Nearby

Demographics for 40208, KY

17,048
Population
6,675
Households
2.6
Avg Household Size
27
Median Age
34%
College-Educated
88%
High-School Grad
2.6 sq mi
ZIP Area
6,557
Density / Sq Mi
$37,714
Median Household Income
$17,255
Median Earnings
$914
Median Rent
$153,100
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 - Well-maintained 8-unit building with individually metered utilities, resident parking, and coin-operated basement laundry.
Where is this apartment building located?
The property is located at 1406 S 1st St Louisville, KY.
What are key features of this property?
This property features: Well‑maintained 8‑unit building in Old Louisville with original mantels and recently refinished hardwood floors; Unit mix: two 2BR/1BA apartments, five 1BR/1BA apartments with dining room area, and one 3BR/1BA apartment with living and dining rooms; Individually metered utilities so tenants pay their own utility expenses
(502) 384-4991 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