Historic Triplex with Covered
For Sale
$575,000
2063 Sherwood Ave, Louisville, KY 40205
Three separate units include basement laundry and storage space.
Property Size3,768 SF
Price / SF$152.60
Days on Market49
Property Features for 2063 Sherwood Ave
General Information
Standard status
Active
Size
3,768 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Bonnycastle
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Amenities
hardwood floors
detailed woodwork
original fireplaces
laundry
storage space
covered deck
Building Details
Year Built
1904
Listing Agency:
RE/MAX Premier Properties
Listed By:
Mike Hall
(502) 509-5131
Source:
Mlsky
Added: Sep 19
Changed: Nov 4
Last Checked: Nov 4 at 1:38PM
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 RE/MAX Premier Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1904, this 3,768-square-foot triplex contains three separate units with a combined six bedrooms and three full bathrooms. The first-floor residence has two bedrooms, while the second-floor unit includes three; the third-floor unit adds one bedroom. Hardwood floors, original woodwork, fireplaces, doors, and trim preserve the building’s historic character, while abundant natural light and practical updates support everyday use. A basement provides laundry and storage space, and each unit has its own covered deck.
The property sits just off Bardstown Road, with access to nearby restaurants, shops, entertainment, and other amenities. Its three-unit configuration offers flexibility for an owner-occupant or an investor seeking multiple residential spaces.
The property sits just off Bardstown Road, with access to nearby restaurants, shops, entertainment, and other amenities. Its three-unit configuration offers flexibility for an owner-occupant or an investor seeking multiple residential spaces.
Key Highlights
- 3,768 square feet of finished living space across 3 separate units
- 6 bedrooms and 3 full baths with a 2‑bedroom, 3‑bedroom, and 1‑bedroom layout
- Built in 1904 with hardwood floors, original fireplaces, woodwork, doors, and trim
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,705
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,100
$634.1K
Cap Rate 7%
$452,929
$452.9K
Cap Rate 9%
$352,278
$352.3K
Market Conditions
NOI Build-Up for 3,768 SF
Gross rent
$47.9K $12.72/SF
− Vacancy
−$2.6K −$0.70/SF
EGI
$45.3K $12.02/SF
− OpEx
−$13.6K −$3.61/SF
NOI
$31.7K $8.41/SF
Area
Louisville, KY
Vacancy
5.50%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,100
Cap Rate 7%
$452,929
Cap Rate 9%
$352,278
Alternative Uses
Best Use
Multifamily LT 5
$452.9K
$396.3K – $528.4K
NOI $31,705 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$366.3K
$320.5K – $427.4K
NOI $25,643 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$976.7K
$854.6K – $1.14M
NOI $68,367 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
931
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
$361,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Triplexes in Louisville, KY
Properties on Market for Triplexes in Louisville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate units include basement laundry and storage space.
Where is this triplex located?
The property is located at 2063 Sherwood Ave Louisville, KY.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 3,768 square feet of finished living space across 3 separate units; 6 bedrooms and 3 full baths with a 2‑bedroom, 3‑bedroom, and 1‑bedroom layout; Built in 1904 with hardwood floors, original fireplaces, woodwork, doors, and trim
