5-Unit Apartment
For Sale
$415,000
2730 S 4th St, Louisville, KY 40208
Fully occupied apartment property with recent renovations and established long-term tenancy.
Property Size3,440 SF
Price / SF$120.64
Days on Market93
Property Features for 2730 S 4th St
General Information
Standard status
Active
Size
3,440 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Gross Income
$56,868
Multifamily Units
5
Building Details
Year Built
1925
Tenancy
Multi
Listing Agency:
Realty Advanced
Listed By:
Kyle Elmore · License #262211
(502) 389-9920
Source:
Whitepicketky
Added: Jul 18
Changed: Oct 16
Last Checked: Oct 16 at 8:41AM
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 Realty Advanced
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Investment Insights
Based on property information with market context.
This 5-unit apartment property contains 3,440 square feet and was built in 1925. Recent renovations have been completed, and all units are occupied by long-term tenants, providing an established residential configuration.
The property is located at 2730 S 4th St in Louisville, near the University of Louisville baseball stadium and Churchill Downs. It is also positioned near the university campus and downtown, with a reported Walk Score of 73.
The property is located at 2730 S 4th St in Louisville, near the University of Louisville baseball stadium and Churchill Downs. It is also positioned near the university campus and downtown, with a reported Walk Score of 73.
Key Highlights
- Five‑unit apartment property with 3,440 square feet
- Fully occupied with long‑term tenants
- Recent renovations completed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,411
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$468,220
$468.2K
Cap Rate 7%
$334,443
$334.4K
Cap Rate 9%
$260,122
$260.1K
Market Conditions
NOI Build-Up for 3,440 SF
Gross rent
$45.0K $13.08/SF
− Vacancy
−$2.4K −$0.71/SF
EGI
$42.6K $12.37/SF
− OpEx
−$19.2K −$5.57/SF
NOI
$23.4K $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%
$468,220
Cap Rate 7%
$334,443
Cap Rate 9%
$260,122
Alternative Uses
Best Use
Apartment 5plus
$334.4K
$292.6K – $390.2K
NOI $23,411 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$891.6K
$780.2K – $1.04M
NOI $62,415 @ 7.0% cap · market cap 15.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
797
Businesses Nearby
Explore this area
Business Placement
Demographics for 40208, KY
17,048
Population
6,675
Households
2.6
Avg Household Size
27
Median Age
34%
College-Educated
88%
High-School Grad
2.6 sq mi
ZIP Area
6,557
Density / Sq Mi
$37,714
Median Household Income
$17,255
Median Earnings
$914
Median Rent
$153,100
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?
Apartment building - Fully occupied apartment property with recent renovations and established long-term tenancy.
Where is this apartment building located?
The property is located at 2730 S 4th St Louisville, KY.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Five‑unit apartment property with 3,440 square feet; Fully occupied with long‑term tenants; Recent renovations completed
