2114 Bonnycastle Ave Louisville, KY 40205
MULTI_FAMILY - Other - Louisville, KY
- Added:
- Apr 13, 2026
- Days on Market:
- 90
- Last Refresh:
- Jul 11 at 7:06 pm
Property Features for 2114 Bonnycastle Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 5
- Rooms
- Bathroom 3, Basement, Bedroom 8, Bathroom 5, Bedroom 3, Bathroom 4, Bedroom 1, Dining Room, Bedroom 7, Bedroom 6, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 5, Bathroom 1
- Patio and Porch features
- Deck
- Standard status
- Active
- APN
- 077E00500000
- Size
- 5,200 SF
- Lot size
- 0.21 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Ductless (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1925
- Number of units
- 4
- Building materials
- Brick
- Roof type
- Composition
- Architectural style
- Other
Listing agent Amanda Helfrich License #222813 (502) 807-7319
Listing office Homepage Realty 8002 New LaGrange Rd, Louisville, KY (502) 690-6685
Listing date Apr 13, 2026
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.
The property is located at 2114 Bonnycastle Ave in Louisville’s Highlands neighborhood (Jefferson County, KY). The sellers inherited the building and have limited historical knowledge beyond its long-standing history as a stable, income-producing rental with very low vacancy, according to the listing. The offering reflects known repairs, and contractor estimates are attached. The sellers are willing to provide a repair credit or adjust the purchase price accordingly.
For investors or owner-occupants, this configuration offers flexibility across multiple unit sizes, along with outdoor space and rear garage access. The listing also states the property may qualify for conversion back to a single-family residence, subject to applicable approvals, while updates are expected to support the property’s next phase.
Key Highlights
- Four‑plex in Louisville’s Highlands neighborhood with 3‑story brick construction (built in 1925)
- Four units with 1–3 bedrooms each; oversized first‑floor unit offers 3 bedrooms and 2 bathrooms and is currently vacant
- First‑floor unit includes more than 2,000 SF plus interior features such as sunrooms, butler’s pantries, and mudrooms (varies by unit)
Local Financial Insights For Multifamily LT 5
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 | $66.1k | $12.72 |
| − Vacancy | −$3.6k | −$0.70 |
| EGI | $62.5k | $12.02 |
| − OpEx | −$18.8k | −$3.61 |
| NOI | $43.8k | $8.41 |
