Six-Unit Apartment
New
For Sale
$850,000
2613 W Main St, Louisville, KY 40212
Occupied residential units support established rental operations in Louisville.
Property Size4,905 SF
Price / SF$173.29
Days on Market5
Property Features for 2613 W Main St
General Information
Standard status
Active
Size
4,905 SF
Property subtype
Residential Income
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Gross Income
$86,100
Multifamily Units
6
Listing Agency:
Trueblood Real Estate
(502) 599-1700
Listed By:
Greg Taylor · License #EB00055642
(502) 599-1700
Source:
Exprealty
Added: Jul 27
Changed: Jul 31
Last Checked: Jul 31 at 8:39AM
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 Trueblood Real Estate
Investment Insights
Based on property information with market context.
This well-maintained six-unit apartment building contains 4,905 square feet and is occupied by six residential tenants. The property offers a diversified rent roll across six units, with established rental operations and current lease and operating documentation available for review.
Located at 2613 W Main St in Louisville, Kentucky, the property provides access to downtown Louisville, major employers, interstate highways, and public transportation. Available due diligence materials include a current rent roll, lease summary, operating expenses, property tax and insurance information, and additional financial documentation.
Located at 2613 W Main St in Louisville, Kentucky, the property provides access to downtown Louisville, major employers, interstate highways, and public transportation. Available due diligence materials include a current rent roll, lease summary, operating expenses, property tax and insurance information, and additional financial documentation.
Key Highlights
- Six‑unit multifamily property with 4,905 square feet
- All six residential units are occupied
- Diversified rent roll across six units
Financial Insights For Apartment 5plus
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 | $64.2k | $13.08 |
| − Vacancy | −$3.5k | −$0.71 |
| EGI | $60.7k | $12.37 |
| − OpEx | −$27.3k | −$5.57 |
| NOI | $33.4k | $6.81 |
4,905 SF · lease $13.08/SF/yr · vacancy 5.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$476.9K
$417.3K – $556.4K
NOI $33,381 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,996 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
Explore this area
Business Placement
Demographics for 40212, KY
16,360
Population
8,061
Households
2
Avg Household Size
38
Median Age
13%
College-Educated
81%
High-School Grad
3.8 sq mi
ZIP Area
4,305
Density / Sq Mi
$35,389
Median Household Income
$28,506
Median Earnings
$917
Median Rent
$78,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Occupied residential units support established rental operations in Louisville.
Where is this apartment building located?
The property is located at 2613 W Main St Louisville, KY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Six‑unit multifamily property with 4,905 square feet; All six residential units are occupied; Diversified rent roll across six units
