Three-Story Brick
For Sale
$695,000
2114 Bonnycastle Ave, Louisville, KY 40205
Brick multifamily property with varied unit layouts, basement laundry, garages, and fenced outdoor space.
Property Size5,200 SF
Price / SF$133.65
Days on Market80
Property Features for 2114 Bonnycastle Ave
General Information
Standard status
Active
Size
5,200 SF
Property subtype
Multi-Family
Building Details
Year Built
1925
Listing Agency:
Homepage Realty
Listed By:
Amanda Helfrich · License #222813
(502) 807-7319
Source:
Familyrealty
Added: Jul 20
Changed: Sep 18
Last Checked: Oct 6 at 12:13AM
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 Homepage Realty
Investment Insights
Based on property information with market context.
This 5,200-square-foot quadplex occupies a three-story brick building constructed in 1925. The property contains four units with layouts ranging from one to three bedrooms, including distinctive interior features such as sunrooms, butler’s pantries, and mudrooms. A full basement provides laundry facilities, while the exterior includes a large fenced backyard and three rear garages.
The oversized first-floor residence measures more than 2,000 square feet and includes three bedrooms and two bathrooms. It is currently vacant, allowing for owner occupancy or renovation before leasing. The property requires updates, and contractor estimates are attached. The building is located at 2114 Bonnycastle Ave in Louisville’s Highlands neighborhood and offers the possibility of conversion to a single-family residence, subject to applicable approvals.
The oversized first-floor residence measures more than 2,000 square feet and includes three bedrooms and two bathrooms. It is currently vacant, allowing for owner occupancy or renovation before leasing. The property requires updates, and contractor estimates are attached. The building is located at 2114 Bonnycastle Ave in Louisville’s Highlands neighborhood and offers the possibility of conversion to a single-family residence, subject to applicable approvals.
Key Highlights
- Four‑unit, three‑story brick property built in 1925
- 5,200 square feet with four units ranging from one to three bedrooms
- First‑floor unit exceeds 2,000 square feet and includes 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,754
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$875,080
$875.1K
Cap Rate 7%
$625,057
$625.1K
Cap Rate 9%
$486,156
$486.2K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$66.1K $12.72/SF
− Vacancy
−$3.6K −$0.70/SF
EGI
$62.5K $12.02/SF
− OpEx
−$18.8K −$3.61/SF
NOI
$43.8K $8.41/SF
Area
Louisville, KY
Vacancy
5.50%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$875,080
Cap Rate 7%
$625,057
Cap Rate 9%
$486,156
Alternative Uses
Best Use
Multifamily LT 5
$625.1K
$546.9K – $729.2K
NOI $43,754 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$505.6K
$442.4K – $589.8K
NOI $35,389 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,349 @ 7.0% cap · market cap 13.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
933
Businesses Nearby
Explore this area
Business Placement
Demographics for 40205, KY
24,077
Population
11,021
Households
2.2
Avg Household Size
43
Median Age
65%
College-Educated
97%
High-School Grad
6.9 sq mi
ZIP Area
3,489
Density / Sq Mi
$98,990
Median Household Income
$54,604
Median Earnings
$1,095
Median Rent
$361,900
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Brick multifamily property with varied unit layouts, basement laundry, garages, and fenced outdoor space.
Where is this quadplex located?
The property is located at 2114 Bonnycastle Ave Louisville, KY.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Four‑unit, three‑story brick property built in 1925; 5,200 square feet with four units ranging from one to three bedrooms; First‑floor unit exceeds 2,000 square feet and includes 3 bedrooms and 2 bathrooms
