Four-Unit Multifamily
For Sale
$300,000
932 S 1st St, Louisville, KY 40203
Fully occupied residential income property offered in its current condition.
Property Size3,956 SF
Price / SF$75.83
Days on Market50
Property Features for 932 S 1st St
General Information
Standard status
Active
Size
3,956 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
4
Building Details
Year Built
1885
Listing Agency:
Sell With Hale Realty & Auction
Listed By:
Mike Hall
(502) 509-5131
Source:
Mlsky
Added: Aug 19
Changed: Oct 3
Last Checked: Oct 7 at 12:34PM
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 Sell With Hale Realty & Auction
Investment Insights
Based on property information with market context.
This 3,956-square-foot multifamily asset contains four residential units and is currently 100% occupied. The property is offered as-is, providing an existing operating profile for review.
Located at 932 S 1st St in Old Louisville, the property may be acquired separately or alongside 930, 936, and 938 S. 1st Street as part of a larger portfolio. Financial information is available upon request.
Located at 932 S 1st St in Old Louisville, the property may be acquired separately or alongside 930, 936, and 938 S. 1st Street as part of a larger portfolio. Financial information is available upon request.
Key Highlights
- Four‑unit multifamily configuration
- 100% occupied at the time of offering
- 3,956 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,923
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,460
$538.5K
Cap Rate 7%
$384,614
$384.6K
Cap Rate 9%
$299,144
$299.1K
Market Conditions
NOI Build-Up for 3,956 SF
Gross rent
$51.7K $13.08/SF
− Vacancy
−$2.8K −$0.71/SF
EGI
$49.0K $12.37/SF
− OpEx
−$22.0K −$5.57/SF
NOI
$26.9K $6.81/SF
Area
Louisville, KY
Vacancy
5.40%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,460
Cap Rate 7%
$384,614
Cap Rate 9%
$299,144
Alternative Uses
Best Use
Multifamily LT 5
$475.5K
$416.1K – $554.8K
NOI $33,287 @ 7.0% cap · market cap 11.10%
Second Best
Apartment 5plus
$384.6K
$336.5K – $448.7K
NOI $26,923 @ 7.0% cap · market cap 8.97%
Theoretical Best
Office A
$1.03M
$897.2K – $1.20M
NOI $71,778 @ 7.0% cap · market cap 23.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,970
Businesses Nearby
Explore this area
Business Placement
Demographics for 40203, KY
16,801
Population
10,754
Households
1.6
Avg Household Size
37
Median Age
22%
College-Educated
86%
High-School Grad
2.9 sq mi
ZIP Area
5,793
Density / Sq Mi
$31,430
Median Household Income
$32,581
Median Earnings
$828
Median Rent
$179,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied residential income property offered in its current condition.
Where is this quadplex located?
The property is located at 932 S 1st St Louisville, KY.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Four‑unit multifamily configuration; 100% occupied at the time of offering; 3,956 square feet of property size
