5-Unit Multifamily
1382 Ouerbacker Ct Louisville, KY 40208
1382 Ouerbacker Ct, Louisville, KY, 40208
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For Sale
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Five residential units include one 2-bedroom, two 1-bedroom, and two studios in a professionally managed building with coin-operated laundry.
Property Size3,320 SF
Price / SF$149.70
Days on Market104
Property Features for 1382 Ouerbacker Ct
General Information
- Standard status
- Active
- Size
- 3,320 SF
- Property subtype
- Multifamily
Listing agency
Colliers
(502) 645-1729
Listed by
Jenny Johnston · License #KY 246944
Source
Crexi
Added: Apr 9 Updated: Jul 20 at 6:10PM Checked: Jul 21 at 6:44AM
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 Colliers
Investment Insights
Based on property information with market context.
This 5-unit multifamily property offers a mix of unit sizes, including one 2-bedroom unit, two 1-bedroom units, and two studio units. The building includes coin-operated laundry, boiler heat, and window unit air conditioning. It is currently under professional management, providing operational stability for an owner.
The property is located on a quiet walking court in historic Old Louisville. Public remarks note proximity to the University of Louisville, which supports consistent rental demand from area residents.
With a balanced unit mix of studios, one-bedroom, and two-bedroom apartments, the asset is positioned to serve a range of household needs while maintaining a straightforward residential rental operation.
The property is located on a quiet walking court in historic Old Louisville. Public remarks note proximity to the University of Louisville, which supports consistent rental demand from area residents.
With a balanced unit mix of studios, one-bedroom, and two-bedroom apartments, the asset is positioned to serve a range of household needs while maintaining a straightforward residential rental operation.
Key Highlights
- 5‑unit multifamily building in historic Old Louisville
- Unit mix includes one 2‑bedroom, two 1‑bedroom units, and two studios
- Coin‑operated laundry on‑site
Local 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 | $43.4k | $13.08 |
| − Vacancy | −$2.3k | −$0.71 |
| EGI | $41.1k | $12.37 |
| − OpEx | −$18.5k | −$5.57 |
| NOI | $22.6k | $6.81 |
3,320 SF · lease $13.08/SF/yr · vacancy 5.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$322.8K
$282.4K – $376.6K
NOI $22,594 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$860.5K
$753.0K – $1.00M
NOI $60,238 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five residential units include one 2-bedroom, two 1-bedroom, and two studios in a professionally managed building with coin-operated laundry.
Where is this apartment building located?
The property is located at 1382 Ouerbacker Ct Louisville, KY.
What is the asking price?
The asking price for this property is $497,000.
What are key features of this property?
This property features: 5‑unit multifamily building in historic Old Louisville; Unit mix includes one 2‑bedroom, two 1‑bedroom units, and two studios; Coin‑operated laundry on‑site
