Four-Unit Brick
For Sale
$419,000
3330 Breckenridge Ln, Louisville, KY 40220
All residences have two bedrooms, one bathroom, and private basement space with washer and dryer hookups.
Property Size3,640 SF
Price / SF$115.11
Days on Market33
Property Features for 3330 Breckenridge Ln
General Information
Standard status
Active
Size
3,640 SF
Property subtype
Quadruplex
Occupancy
100%
Site & Location
Neighborhood
Highgate Springs
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Amenities
private basement area with washer/dryer hookups
Building Details
Building Size
3,640 SF
Year Built
1971
Construction
brick
Tenancy
Multi
Listing Agency:
ALS Realty
Listed By:
Todd Potter
(502) 888-7332
Source:
Zhomesre
Added: Oct 5
Changed: Nov 1
Last Checked: Nov 5 at 10:30AM
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 ALS Realty
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Investment Insights
Based on property information with market context.
This 1971 brick quadplex contains four residences totaling 3,640 square feet. Each unit is configured with two bedrooms and one bathroom, along with its own basement area equipped with washer and dryer hookups. The property is fully occupied by long-term tenants.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- 3,640‑square‑foot brick building constructed in 1971
- Private basement area with washer and dryer hookups for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,628
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,560
$612.6K
Cap Rate 7%
$437,543
$437.5K
Cap Rate 9%
$340,311
$340.3K
Market Conditions
NOI Build-Up for 3,640 SF
Gross rent
$46.3K $12.72/SF
− Vacancy
−$2.5K −$0.70/SF
EGI
$43.8K $12.02/SF
− OpEx
−$13.1K −$3.61/SF
NOI
$30.6K $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%
$612,560
Cap Rate 7%
$437,543
Cap Rate 9%
$340,311
Alternative Uses
Best Use
Multifamily LT 5
$437.5K
$382.9K – $510.5K
NOI $30,628 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$353.9K
$309.7K – $412.9K
NOI $24,772 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$943.5K
$825.6K – $1.10M
NOI $66,044 @ 7.0% cap · market cap 15.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
Explore this area
Business Placement
Demographics for 40220, KY
34,315
Population
16,019
Households
2.1
Avg Household Size
39
Median Age
44%
College-Educated
96%
High-School Grad
7.7 sq mi
ZIP Area
4,456
Density / Sq Mi
$73,502
Median Household Income
$47,283
Median Earnings
$1,187
Median Rent
$249,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - All residences have two bedrooms, one bathroom, and private basement space with washer and dryer hookups.
Where is this quadplex located?
The property is located at 3330 Breckenridge Ln Louisville, KY.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; 3,640‑square‑foot brick building constructed in 1971; Private basement area with washer and dryer hookups for each unit
