Seven-Unit Apartment
1642 BEECHWOOD AVE Louisville, KY 40204
1642 BEECHWOOD AVE, Louisville, KY, 40204
Contact for pricing
For Sale
Contact for pricing
For sale seven-unit multifamily with five one-bedrooms and two two-bedrooms in the Highlands area behind Mid-City Mall.
Property Size3,764 SF
Price / SF$225.82
Days on Market51
Property Features for 1642 BEECHWOOD AVE
General Information
- Standard status
- Active
- Size
- 3,764 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing agency
Weichert Commercial Brokerage Inc Louisville
(502) 609-4778
Listed by
William Friel · License #KY 57228
Source
Crexi
Added: Jun 2 Updated: Jul 10 at 1:49PM Checked: Jul 20 at 4:28AM
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 Weichert Commercial Brokerage Inc Louisville
Investment Insights
Based on property information with market context.
This seven-unit apartment building offers five one-bedroom units and two two-bedroom units, providing a balanced unit mix for residential income. The property is presented as a single asset for purchase and features a configuration designed for straightforward multifamily operations.
1642 Beechwood Ave is located in Louisville’s Highlands area, directly behind Mid-City Mall. The listing also references an immediate neighbor, 1646 Beechwood, an eight-plex offered separately, which may appeal to buyers seeking side-by-side ownership opportunities.
For investors and owner-operators, this building’s unit mix can support tenant leasing across different household types while keeping management centered on one property. Its placement behind Mid-City Mall and the availability of the adjacent 1646 Beechwood listing may also be relevant for buyers comparing single-building acquisitions versus acquiring both nearby multifamily assets.
1642 Beechwood Ave is located in Louisville’s Highlands area, directly behind Mid-City Mall. The listing also references an immediate neighbor, 1646 Beechwood, an eight-plex offered separately, which may appeal to buyers seeking side-by-side ownership opportunities.
For investors and owner-operators, this building’s unit mix can support tenant leasing across different household types while keeping management centered on one property. Its placement behind Mid-City Mall and the availability of the adjacent 1646 Beechwood listing may also be relevant for buyers comparing single-building acquisitions versus acquiring both nearby multifamily assets.
Key Highlights
- 7‑plex multifamily in the Highlands area, located directly behind Mid‑City Mall
- Unit mix includes five 1‑bedroom units and two 2‑bedroom units
- Built in 1900
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 | $49.2k | $13.08 |
| − Vacancy | −$2.7k | −$0.71 |
| EGI | $46.6k | $12.37 |
| − OpEx | −$21.0k | −$5.57 |
| NOI | $25.6k | $6.81 |
3,764 SF · lease $13.08/SF/yr · vacancy 5.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$365.9K
$320.2K – $426.9K
NOI $25,616 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$975.6K
$853.7K – $1.14M
NOI $68,294 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - For sale seven-unit multifamily with five one-bedrooms and two two-bedrooms in the Highlands area behind Mid-City Mall.
Where is this apartment building located?
The property is located at 1642 BEECHWOOD AVE Louisville, KY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 7‑plex multifamily in the Highlands area, located directly behind Mid‑City Mall; Unit mix includes five 1‑bedroom units and two 2‑bedroom units; Built in 1900
