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9-Unit Multifamily with Separately Metered Utilities
For Sale
$485,000

1525 Anderson St, Louisville, KY 40210

MULTI_FAMILY - Louisville, KY

Property Size6,870 SF
Lot Size0.17 Acres
Price / SF$70.60
Days on Market87

Property Features for 1525 Anderson St

General Information

Property type Residential Multi Family
Property subtype Apartment
Bedrooms 15
Bathrooms 15
Full bathrooms 15
Rooms Bathroom 10, Bedroom 6, Bathroom 12, Bedroom 2, Bedroom 9, Basement, Bedroom 11, Bathroom 6, Bathroom 15, Bathroom 1, Bathroom 8, Bathroom 3, Bedroom 8, Bedroom 13, Bedroom 5, Bedroom 3, Bathroom 14, Bathroom 11, Bathroom 4, Bathroom 13, Bedroom 10, Bathroom 9, Bedroom 7, Bathroom 7, Bedroom 15, Bathroom 5, Bedroom 4, Bathroom 2, Bedroom 14, Bedroom 12, Bedroom 1
Patio and Porch features Patio, Porch
Lot features Corner Lot
Directions Take I-64 W to Broadway then to S 16th St, then left on Anderson St.
Subdivision 01-Dtwn Old Louisville/Shively/West Lou
Standard status Active
APN 036D00960000
Size 6,870 SF
Lot size 0.17 Acres

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1925
Number of units 9
Building materials Vinyl Siding, Wood Frame, Brick
Roof type Shingle
Listing Agency: BERKSHIRE HATHAWAY HomeServices, Parks & Weisberg Realtors
Listed By: Kiara A Harriott · License #274248
Added: Jun 2 Changed: Aug 13 Last Checked: Aug 27 at 7:06AM
MLS# 1719221

Copyright © 2026 Greater Louisville Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 9-unit multifamily investment includes two separate buildings on a single corner tract. The first building is a 6-unit structure with 2-bedroom townhouse units, each separately metered for gas, electric, and water. The second building is a 3-unit building with 1-bedroom units that are separately metered for electric and gas.

The property is a 6,870 SF development on 0.17 acres, built in 1925. Exterior materials include vinyl siding, wood frame, and brick, with a shingle roof. Heating is forced air and cooling is central air. Public water and public sewer are provided.

The buildings are a couple of blocks away from a planned Wal-Mart at Dixie Hwy and Broadway. The surrounding area has also seen new construction single-family homes nearby.

Key Highlights

  • 9‑unit multifamily with two buildings on one corner tract
  • 6‑unit building with 2‑bedroom townhouse units; separately metered gas, electric and water
  • 3‑unit building with 1‑bedroom units; separately metered electric and gas

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
Yes
Highway access
Yes
Utilities to site

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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Two buildings on one corner tract with separately metered gas and electric, plus central air and public utilities.
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‑unit multifamily with two buildings on one corner tract; 6‑unit building with 2‑bedroom townhouse units; separately metered gas, electric and water; 3‑unit building with 1‑bedroom units; separately metered electric and gas
More about this property
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