Mixed-Use Property with
For Sale
$900,000
1905 Bardstown Rd, Louisville, KY 40205
Multi Family, Louisville, KY
Property Size5,102 SF
Lot Size0.02 Acres
Price / SF$176.40
Days on Market49
Property Features for 1905 Bardstown Rd
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Patio and Porch features
Deck, Porch
Exterior features
Balcony
Subdivision
KENILWORTH
Lot features
Sidewalk
Directions
Taylorsville Rd. to Bardstown Rd. Turn right onto Bardstown Rd. Building on right.
Standard status
Active
APN
10077K00230000
Size
5,102 SF
Lot size
0.02 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1920
Number of units
4
Roof type
Shingle
Architectural style
Other
Listing Agency:
EXP Realty LLC
(888) 624-6448
Listed By:
Stephanie L Gilezan
(502) 817-6484
Added: Sep 9
Changed: Oct 19
Last Checked: Oct 27 at 4:06PM
MLS# 1728619
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.
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Investment Insights
Based on property information with market context.
At 1905 Bardstown Road, this 5,102-square-foot mixed-use property combines a ground-floor salon and spa with three residential apartments. The commercial space includes salon, nail, hair, IV, and massage rooms. The building dates to 1920 and has a balcony, deck, and porch.
The property sits along the Bardstown Road corridor in Louisville. Public water and sewer serve the site; heating is electric, and the building has central air conditioning.
The property sits along the Bardstown Road corridor in Louisville. Public water and sewer serve the site; heating is electric, and the building has central air conditioning.
Key Highlights
- 5,102‑square‑foot mixed‑use property with ground‑floor salon and spa space
- Three residential apartments
- Salon, nail, hair, IV, and massage rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,612
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,212,240
$1.2M
Cap Rate 7%
$865,886
$865.9K
Cap Rate 9%
$673,467
$673.5K
Market Conditions
NOI Build-Up for 5,102 SF
Gross rent
$110.2K $21.60/SF
− Vacancy
−$13.2K −$2.59/SF
EGI
$97.0K $19.01/SF
− OpEx
−$36.4K −$7.13/SF
NOI
$60.6K $11.88/SF
Area
Louisville, KY
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,212,240
Cap Rate 7%
$865,886
Cap Rate 9%
$673,467
Alternative Uses
Best Use
Mixed Use
$865.9K
$757.7K – $1.01M
NOI $60,612 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$496.0K
$434.0K – $578.7K
NOI $34,722 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,571 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
879
Businesses Nearby
Explore this area
Business Placement
Demographics for 40205, KY
24,077
Population
11,021
Households
2.2
Avg Household Size
43
Median Age
65%
College-Educated
97%
High-School Grad
6.9 sq mi
ZIP Area
3,489
Density / Sq Mi
$98,990
Median Household Income
$54,604
Median Earnings
$1,095
Median Rent
$361,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-floor salon and spa is paired with three residential apartments in a multi-level commercial building.
Where is this mixed-use property located?
The property is located at 1905 Bardstown Rd Louisville, KY.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 5,102‑square‑foot mixed‑use property with ground‑floor salon and spa space; Three residential apartments; Salon, nail, hair, IV, and massage rooms
