Three-Story Mixed-Use
For Sale
$995,000
3000 S 3rd St, Louisville, KY 40208
Multi Family, Louisville, KY
Property Size7,709 SF
Price / SF$129.07
Days on Market47
Property Features for 3000 S 3rd St
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
8
Bathrooms
10
Full bathrooms
10
Rooms
Bedroom 2, Bathroom 1, Bathroom 7, Bathroom 10, Bathroom 5, Bedroom 4, Bathroom 9, Bathroom 8, Bathroom 3, Bathroom 4, Basement, Bedroom 5, Bedroom 7, Bathroom 2, Bedroom 1, Bathroom 6, Bedroom 8, Bedroom 6, Bedroom 3
Patio and Porch features
Patio
Lot features
Corner Lot
Directions
264 West to Exit 10 Southern Pkwy. Take Exit 10 and keep straight to S.3rd st. Make a left onto S.3rd st. and keep straight to 3000. 3rd street. Building is on the left.
Subdivision
01-Dtwn Old Louisville/Shively/West Lou
Standard status
Active
APN
11050J00820000
Size
7,709 SF
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas, Forced Air
Cooling system
Central Air, Ductless
Water source
Public
Building Details
Year built
1890
Number of units
6
Building materials
Vinyl Siding, Synthetic Stucco, Brick
Roof type
Asphalt, Flat
Listing Agency:
RE/MAX Premier Properties · RE/MAX International
(502) 384-5944
Listed By:
Camicia Evans · License #274631
(502) 356-0412
Added: Aug 25
Changed: Oct 8
Last Checked: Oct 10 at 4:06AM
MLS# 1727272
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 three-story mixed-use property combines a restaurant storefront with six remodeled apartment units. The residential component includes three one-bedroom, one-bath units, one one-bedroom unit with one and a half baths, and two two-bedroom, one-bath units. The restaurant occupies approximately 2,100 square feet on the main floor plus an approximately 2,100-square-foot basement, with three separate restrooms on the main level.
The 7,709-square-foot building sits on a prominent corner at 3000 S 3rd St in Louisville. The location provides access to the University of Louisville baseball and football stadiums, Churchill Downs, Central Station Shopping Center, the Kentucky State Fairgrounds, Downtown Louisville, and major expressways. Constructed in 1890, the property includes public water and public sewer service, asphalt and flat roof sections, central air, ductless cooling, and multiple heating systems. The sale is offered as-is.
The 7,709-square-foot building sits on a prominent corner at 3000 S 3rd St in Louisville. The location provides access to the University of Louisville baseball and football stadiums, Churchill Downs, Central Station Shopping Center, the Kentucky State Fairgrounds, Downtown Louisville, and major expressways. Constructed in 1890, the property includes public water and public sewer service, asphalt and flat roof sections, central air, ductless cooling, and multiple heating systems. The sale is offered as-is.
Key Highlights
- Six remodeled apartment units with a mix of one- and two‑bedroom layouts
- Restaurant space includes approximately 2100 square feet on the main floor and 2100 square feet in the basement
- 7,709‑square‑foot mixed‑use building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,583
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,831,660
$1.8M
Cap Rate 7%
$1,308,329
$1.3M
Cap Rate 9%
$1,017,589
$1.0M
Market Conditions
NOI Build-Up for 7,709 SF
Gross rent
$166.5K $21.60/SF
− Vacancy
−$20.0K −$2.59/SF
EGI
$146.5K $19.01/SF
− OpEx
−$54.9K −$7.13/SF
NOI
$91.6K $11.88/SF
Area
Louisville, KY
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,831,660
Cap Rate 7%
$1,308,329
Cap Rate 9%
$1,017,589
Alternative Uses
Best Use
Specialty Retail
$1.55M
$1.35M – $1.81M
NOI $108,335 @ 7.0% cap · market cap 10.89%
Second Best
Mixed Use
$1.31M
$1.14M – $1.53M
NOI $91,583 @ 7.0% cap · market cap 9.20%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,872 @ 7.0% cap · market cap 14.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
732
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Combined commercial and residential layout with a restaurant storefront and remodeled apartments.
Where is this mixed-use property located?
The property is located at 3000 S 3rd St Louisville, KY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Six remodeled apartment units with a mix of one- and two‑bedroom layouts; Restaurant space includes approximately 2100 square feet on the main floor and 2100 square feet in the basement; 7,709‑square‑foot mixed‑use building
