3-Unit
For Sale
$200,000
3-3403 Dixie Hwy, Louisville, KY 40210
One apartment is rented, while the other two offer rental or owner-occupancy possibilities.
Property Size2,092 SF
Price / SF$95.60
Days on Market15
Property Features for 3-3403 Dixie Hwy
General Information
Standard status
Active
Size
2,092 SF
Property subtype
Residential Income
Site & Location
Neighborhood
California
Additional Details
Multifamily Units
3
Tenant in Place
Yes
Listing Agency:
Keller Williams Louisville
(502) 459-5509
Listed By:
Rita Prada · License #219720
(502) 386-4121
Source:
Exprealty
Added: Oct 14
Changed: Oct 26
Last Checked: Oct 28 at 9:11AM
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 Keller Williams Louisville
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,092-square-foot triplex contains three separate apartment units. One is currently rented; the other two could support additional rentals or owner occupancy.
The property is at 3-3403 Dixie Hwy in Louisville, Kentucky.
The property is at 3-3403 Dixie Hwy in Louisville, Kentucky.
Key Highlights
- Three separate apartment units
- 2,092 square feet
- One unit is currently rented; the other two may be used for rental or owner occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,603
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,060
$352.1K
Cap Rate 7%
$251,471
$251.5K
Cap Rate 9%
$195,589
$195.6K
Market Conditions
NOI Build-Up for 2,092 SF
Gross rent
$26.6K $12.72/SF
− Vacancy
−$1.5K −$0.70/SF
EGI
$25.1K $12.02/SF
− OpEx
−$7.5K −$3.61/SF
NOI
$17.6K $8.41/SF
Area
Louisville, KY
Vacancy
5.50%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,060
Cap Rate 7%
$251,471
Cap Rate 9%
$195,589
Alternative Uses
Best Use
Multifamily LT 5
$251.5K
$220.0K – $293.4K
NOI $17,603 @ 7.0% cap · market cap 8.80%
Second Best
Apartment 5plus
$203.4K
$178.0K – $237.3K
NOI $14,237 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$542.2K
$474.5K – $632.6K
NOI $37,957 @ 7.0% cap · market cap 18.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
830
Businesses Nearby
Explore this area
Business Placement
Demographics for 40210, KY
14,418
Population
7,137
Households
2
Avg Household Size
36
Median Age
10%
College-Educated
81%
High-School Grad
3.2 sq mi
ZIP Area
4,506
Density / Sq Mi
$35,841
Median Household Income
$23,881
Median Earnings
$822
Median Rent
$93,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - One apartment is rented, while the other two offer rental or owner-occupancy possibilities.
Where is this triplex located?
The property is located at 3-3403 Dixie Hwy Louisville, KY.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Three separate apartment units; 2,092 square feet; One unit is currently rented; the other two may be used for rental or owner occupancy
