Five-Unit Apartment
2730 S 4th St Louisville, KY 40208
New
2730 S 4th St, Louisville, KY, 40208
$415,000
For Sale
$415,000
MULTI_FAMILY - Other - Louisville, KY
Property Size3,440 SF
Price / SF$120.64
Days on Market3
Property Features for 2730 S 4th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 5
- Bathrooms
- 5
- Rooms
- Bedroom 3, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 3, Bathroom 2, Bathroom 1, Bathroom 5, Bathroom 4, Bedroom 2
- Standard status
- Active
- APN
- 11050F01760000
- Size
- 3,440 SF
Utilities
- Sewer type
- Public Sewer
- Heating system
- Ductless (Heating)
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1925
- Number of units
- 5
- Building materials
- Brick
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Keller Williams Collective
(502) 554-9500
240 Whittington Pkwy, Louisville, KY
Listed by
Gibin George
(502) 594-8891
Added: Jul 17 Checked: Jul 19 at 12:06 am
MLS# 1723576
Listing URL
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.
This property is a five-unit multifamily building offered for sale, currently fully occupied with long-term tenants. The listing indicates approximately 3,440 square feet total and states gross annual rent of $56,868. The remarks also note recent renovations.
Located at 2730 S 4th St in Louisville, Kentucky (40208), the property is described as being steps from UofL’s baseball stadium and minutes to Churchill Downs. The listing further references Walk Score 73 and highlights proximity to the campus, downtown, and Derby-season traffic. Rent roll and financials are available upon request.
Located at 2730 S 4th St in Louisville, Kentucky (40208), the property is described as being steps from UofL’s baseball stadium and minutes to Churchill Downs. The listing further references Walk Score 73 and highlights proximity to the campus, downtown, and Derby-season traffic. Rent roll and financials are available upon request.
Key Highlights
- 5‑plex multifamily with 3,440 SF and fully occupied units
- Gross annual rent of $56,868 (rent roll available upon request)
- Brick construction with shingle roof
Local 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 | $45.0k | $13.08 |
| − Vacancy | −$2.4k | −$0.71 |
| EGI | $42.6k | $12.37 |
| − OpEx | −$19.2k | −$5.57 |
| NOI | $23.4k | $6.81 |
3,440 SF · lease $13.08/SF/yr · vacancy 5.40% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
General Maintenance
Bathroom Remodeler
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Five-unit apartment building at 2730 S 4th St, fully occupied with long-term tenants and annual rent details available.
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: 5‑plex multifamily with 3,440 SF and fully occupied units; Gross annual rent of $56,868 (rent roll available upon request); Brick construction with shingle roof
