9-Unit Apartment
14011 Dixie Hwy, Louisville, KY 40272
For Sale
New
$500,000
A two-story layout includes individual kitchen areas and separate utility meters.
Property Size4,200 SF
Lot Size1.22 Acres
Price / SF$119.05
Days on Market3
Property Features for 14011 Dixie Hwy
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Utilities to Site
Units
Multifamily Units
Individually Metered Utilities
Amenities
covered front porch
Building Details
Year Built
Buildings
Stories
Listing Agency:
Greater Rough River Realty Group
Listed By:
Kyle Elmore · License KY #262211
(502) 389-9920
Source:
Whitepicketky
Added: Nov 8
Last Checked: Nov 10 at 8:05AM
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 Greater Rough River Realty Group
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Investment Insights
Based on property information with market context.
This 9-unit apartment property contains approximately 4,200 square feet in a two-story building constructed in 1950. Individual kitchen areas serve the units, while separate utility meters and ductless mini-split heating systems provide distinct utility and climate-control features. Interior improvements include refreshed flooring and finishes, and a covered porch spans the front of the building.
The property occupies a 53,000-square-foot lot on Dixie Highway in Louisville. Access to the Gene Snyder Freeway, along with shopping and dining in the surrounding area, adds to its location context.
The property occupies a 53,000-square-foot lot on Dixie Highway in Louisville. Access to the Gene Snyder Freeway, along with shopping and dining in the surrounding area, adds to its location context.
Key Highlights
- Nine apartments in approximately 4,200 square feet
- 53,000‑square‑foot lot on Dixie Highway
- Two‑story building constructed in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,583
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$571,660
$571.7K
Cap Rate 7%
$408,329
$408.3K
Cap Rate 9%
$317,589
$317.6K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$54.9K $13.08/SF
− Vacancy
−$3.0K −$0.71/SF
EGI
$52.0K $12.37/SF
− OpEx
−$23.4K −$5.57/SF
NOI
$28.6K $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%
$571,660
Cap Rate 7%
$408,329
Cap Rate 9%
$317,589
Alternative Uses
Best Use
Apartment 5plus
$408.3K
$357.3K – $476.4K
NOI $28,583 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$952.6K – $1.27M
NOI $76,205 @ 7.0% cap · market cap 15.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
9
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
Explore this area
Business Placement
Demographics for 40272, KY
37,747
Population
15,469
Households
2.4
Avg Household Size
39
Median Age
19%
College-Educated
90%
High-School Grad
33.3 sq mi
ZIP Area
1,134
Density / Sq Mi
$66,382
Median Household Income
$37,644
Median Earnings
$1,147
Median Rent
$169,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Louisville, KY
Properties on Market for Apartment buildings in Louisville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - A two-story layout includes individual kitchen areas and separate utility meters.
Where is this apartment building located?
The property is located at 14011 Dixie Hwy Louisville, KY.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Nine apartments in approximately 4,200 square feet; 53,000‑square‑foot lot on Dixie Highway; Two‑story building constructed in 1950
