Seven-Unit Apartment
For Sale
$824,900
1642 Beechwood Ave, Louisville, KY 40204
Multi Family, Louisville, KY
Property Size3,764 SF
Price / SF$219.16
Days on Market142
Property Features for 1642 Beechwood Ave
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Rooms
Basement
Patio and Porch features
Deck, Porch
Subdivision
BARDSTOWN RD HGTS
Directions
Bardstown Road to Street
Standard status
Active
APN
075B00080000
Size
3,764 SF
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Number of units
7
Building materials
Wood Frame
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Weichert Realtors - ABG
(502) 893-1900
Listed By:
William M Friel · License #57228
(502) 609-4778
Added: May 27
Changed: Sep 12
Last Checked: Oct 15 at 7:06AM
MLS# 1718599
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 3,764-square-foot apartment building contains seven units, including five one-bedroom residences and two two-bedroom residences. The 1900-built wood-frame property includes a basement, porch, and deck, with central air conditioning and natural gas heat. An asphalt roof serves the building.
The property is located directly behind Mid-City Mall in Louisville’s Highlands area. Public water and public sewer serve the asset, providing established utility infrastructure for the existing multifamily configuration.
The property is located directly behind Mid-City Mall in Louisville’s Highlands area. Public water and public sewer serve the asset, providing established utility infrastructure for the existing multifamily configuration.
Key Highlights
- Seven‑unit apartment building with five one‑bedroom units and two two‑bedroom units
- 3,764 square feet of building area
- Built in 1900 with wood‑frame construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,616
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$512,320
$512.3K
Cap Rate 7%
$365,943
$365.9K
Cap Rate 9%
$284,622
$284.6K
Market Conditions
NOI Build-Up for 3,764 SF
Gross rent
$49.2K $13.08/SF
− Vacancy
−$2.7K −$0.71/SF
EGI
$46.6K $12.37/SF
− OpEx
−$21.0K −$5.57/SF
NOI
$25.6K $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%
$512,320
Cap Rate 7%
$365,943
Cap Rate 9%
$284,622
Alternative Uses
Best Use
Apartment 5plus
$365.9K
$320.2K – $426.9K
NOI $25,616 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$975.6K
$853.7K – $1.14M
NOI $68,294 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
1,085
Businesses Nearby
Explore this area
Business Placement
Demographics for 40204, KY
14,600
Population
8,759
Households
1.7
Avg Household Size
38
Median Age
63%
College-Educated
97%
High-School Grad
3.2 sq mi
ZIP Area
4,563
Density / Sq Mi
$70,706
Median Household Income
$50,246
Median Earnings
$1,225
Median Rent
$314,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment property with mixed one- and two-bedroom units, central air, and public utilities.
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 $824,900.
What are key features of this property?
This property features: Seven‑unit apartment building with five one‑bedroom units and two two‑bedroom units; 3,764 square feet of building area; Built in 1900 with wood‑frame construction
