Furnished Short-Term Rental
For Sale
$240,000
255 Thompson Ave, Louisville, KY 40206
Renovated two-bedroom residence with two full baths, furnishings, appliances, and household essentials included.
Property Size1,338 SF
Price / SF$179.37
Days on Market165
Property Features for 255 Thompson Ave
General Information
Standard status
Active
Size
1,338 SF
Total Parking Spaces
1
Property subtype
Multifamily
Zoning
R5B
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Furnished
Yes
Amenities
Power
Water
Sewer
Natural Gas
1 Parking Spaces
Building Details
Year Built
1992
Listing Agency:
Caperton Realty
Listed By:
Bryce Cariel · License #267734
(502) 386-3017
Source:
Kcrea.resimplifi
Added: May 5
Changed: Oct 3
Last Checked: Oct 16 at 5:46AM
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 Caperton Realty
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Investment Insights
Based on property information with market context.
Located at 255 Thompson Ave in Louisville, this 1,338-square-foot short-term rental property includes two bedrooms and two full bathrooms. Built in 1992 and renovated with contemporary finishes, the residence is furnished and equipped for continued rental use.
Furniture, linens, appliances, cookware, and other stated household essentials remain with the property. The asset is zoned R5B, and the seller prefers to package it with 253 Thompson. The property is offered as a furnished residential income asset suited to short-term rental operations.
Furniture, linens, appliances, cookware, and other stated household essentials remain with the property. The asset is zoned R5B, and the seller prefers to package it with 253 Thompson. The property is offered as a furnished residential income asset suited to short-term rental operations.
Key Highlights
- 1,338 SF furnished short‑term rental property at 255 Thompson Ave, Louisville, KY 40206
- Two bedrooms and two full bathrooms
- Renovated with modern finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,106
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$182,120
$182.1K
Cap Rate 7%
$130,086
$130.1K
Cap Rate 9%
$101,178
$101.2K
Market Conditions
NOI Build-Up for 1,338 SF
Gross rent
$17.5K $13.08/SF
− Vacancy
−$945 −$0.71/SF
EGI
$16.6K $12.37/SF
− OpEx
−$7.5K −$5.57/SF
NOI
$9.1K $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%
$182,120
Cap Rate 7%
$130,086
Cap Rate 9%
$101,178
Alternative Uses
Best Use
Apartment 5plus
$130.1K
$113.8K – $151.8K
NOI $9,106 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$346.8K
$303.5K – $404.6K
NOI $24,277 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
Explore this area
Business Placement
Demographics for 40206, KY
20,196
Population
11,637
Households
1.7
Avg Household Size
38
Median Age
55%
College-Educated
95%
High-School Grad
5.8 sq mi
ZIP Area
3,482
Density / Sq Mi
$72,543
Median Household Income
$48,506
Median Earnings
$1,142
Median Rent
$276,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Renovated two-bedroom residence with two full baths, furnishings, appliances, and household essentials included.
Where is this short term rental property located?
The property is located at 255 Thompson Ave Louisville, KY.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 1,338 SF furnished short‑term rental property at 255 Thompson Ave, Louisville, KY 40206; Two bedrooms and two full bathrooms; Renovated with modern finishes
