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6-Unit Apartment Building
For Sale
Contact for pricing
Pending

1528 S 3rd St, Louisville, KY 40208

Separately metered apartments feature individual HVAC systems and newly paved off-street parking.

Property SizeContact for details
Days on Market145

Property Features for 1528 S 3rd St

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Colliers
Listed By: Jenny Johnston · License #KY 246944
Source: Crexi
Added: Apr 12 Changed: Sep 2 Last Checked: Sep 3 at 11:35AM

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 six-unit apartment property contains six distinct 1BR/1BA residences, each supported by its own HVAC system. The units are fully leased, and the property includes off-street parking that has been newly paved. Separate utility metering assigns LGE service to the tenants, while the landlord pays for water.

The property is in Old Louisville, with the University of Louisville and Manual High School located within blocks. Its apartment configuration, individual building systems, and established lease occupancy provide a straightforward multifamily operating profile.

Key Highlights

  • Six 1BR/1BA apartment units
  • Fully leased multifamily property
  • Separate HVAC systems for the apartments

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Real Estate Agency Dental Office Bakery Skin Care Clinic

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

Location Intelligence

Trade Area within ½ mile

911
Businesses Nearby

Demographics for 40208, KY

17,048
Population
6,675
Households
2.6
Avg Household Size
27
Median Age
34%
College-Educated
88%
High-School Grad
2.6 sq mi
ZIP Area
6,557
Density / Sq Mi
$37,714
Median Household Income
$17,255
Median Earnings
$914
Median Rent
$153,100
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 - Separately metered apartments feature individual HVAC systems and newly paved off-street parking.
Where is this apartment building located?
The property is located at 1528 S 3rd St Louisville, KY.
What are key features of this property?
This property features: Six 1BR/1BA apartment units; Fully leased multifamily property; Separate HVAC systems for the apartments
(502) 645-1729 Call to check price and availability
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