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Two-Building 9-Unit Apartment Investment
For Sale
$485,000

1525 Anderson St, Louisville, KY 40210

Two buildings with separately metered utilities near a future Wal-Mart site.

Days on Market60

Property Features for 1525 Anderson St

General Information

Standard status Active
Property subtype Multi Family Home

Units

Unit Mix 6 x 2BR townhouse, 3 x 1BR
Multifamily Units 9

Building Details

Building Size 6,870 SF
Year Built 1925
Buildings 2
Listing Agency: BERKSHIRE HATHAWAY HomeServices, Parks & Weisberg Realtors
Listed By: Kiara A Harriott · License #274248
Source: Demareeandhubbard
Added: Jun 2 Changed: Jul 31 Last Checked: Jul 31 at 2:56AM

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 BERKSHIRE HATHAWAY HomeServices, Parks & Weisberg Realtors

Investment Insights

Based on property information with market context.

This nine-unit apartment investment property features two buildings on a single corner tract. The six-unit building has two-bedroom townhouse units, and each unit is separately metered for gas, electric, and water. The three-unit building includes one-bedroom units that are separately metered for gas and electric.

The property is located a couple of blocks away from a new Wal-Mart scheduled to be constructed at Dixie Hwy and Broadway. The immediate area has seen new construction single-family homes, and additional redevelopment is anticipated in the surrounding neighborhood.

The property was built in 1925 and offers a configuration suited to tenants who may benefit from individual utility metering within a multifamily setting.

Key Highlights

  • 9 units across two buildings on one corner tract
  • 6‑unit building with 2‑bedroom townhouse units
  • 2‑bedroom townhouse units separately metered for gas, electric, and water

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Gym & Fitness Center Garden Center Carpet & Flooring Store Storage Facility

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

Lease Details

9
Residential units

Location Intelligence

Trade Area within ½ mile

756
Businesses Nearby

Demographics for 40210, KY

14,418
Population
7,137
Households
2
Avg Household Size
36
Median Age
10%
College-Educated
81%
High-School Grad
3.2 sq mi
ZIP Area
4,506
Density / Sq Mi
$35,841
Median Household Income
$23,881
Median Earnings
$822
Median Rent
$93,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two buildings with separately metered utilities near a future Wal-Mart site.
Where is this apartment building located?
The property is located at 1525 Anderson St Louisville, KY.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 9 units across two buildings on one corner tract; 6‑unit building with 2‑bedroom townhouse units; 2‑bedroom townhouse units separately metered for gas, electric, and water
More about this property
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