Established Multifamily
For Sale
$1,058,576
3814 Nanz Ave, Louisville, KY 40207
Located near residential neighborhoods, retail, restaurants, professional services, and other community amenities.
Property Size9,244 SF
Days on Market49
Property Features for 3814 Nanz Ave
General Information
Standard status
Active
Size
9,244 SF
Class
C
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
9,244 SF
Year Built
1950
Units
4
Listing Agency:
Hoagland Commercial Realtors
Listed By:
Chapman Silander · License #252813
(704) 840-5460
Source:
Commercialcafe
Added: Sep 1
Changed: Oct 15
Last Checked: Oct 19 at 4:23AM
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 Hoagland Commercial Realtors
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Investment Insights
Based on property information with market context.
This multifamily property was built in 1950 and is located in St. Matthews, an established Louisville area surrounded by residential neighborhoods. The property sits just off Shelbyville Road, with access to Breckenridge Lane and I-264.
Restaurants, retail, professional services, and other St. Matthews amenities are located nearby, providing convenient access to everyday services and area conveniences.
Restaurants, retail, professional services, and other St. Matthews amenities are located nearby, providing convenient access to everyday services and area conveniences.
Key Highlights
- Multifamily property built in 1950
- Located in St. Matthews near established residential neighborhoods
- Just off Shelbyville Road with access to Breckenridge Lane and I‑264
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,910
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,258,200
$1.3M
Cap Rate 7%
$898,714
$898.7K
Cap Rate 9%
$699,000
$699.0K
Market Conditions
NOI Build-Up for 9,244 SF
Gross rent
$120.9K $13.08/SF
− Vacancy
−$6.5K −$0.71/SF
EGI
$114.4K $12.37/SF
− OpEx
−$51.5K −$5.57/SF
NOI
$62.9K $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%
$1,258,200
Cap Rate 7%
$898,714
Cap Rate 9%
$699,000
Alternative Uses
Best Use
Apartment 5plus
$898.7K
$786.4K – $1.05M
NOI $62,910 @ 7.0% cap · market cap 5.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $167,723 @ 7.0% cap · market cap 15.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,566
Businesses Nearby
Explore this area
Business Placement
Demographics for 40207, KY
30,104
Population
14,507
Households
2.1
Avg Household Size
43
Median Age
68%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
2,573
Density / Sq Mi
$98,583
Median Household Income
$59,242
Median Earnings
$1,248
Median Rent
$401,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Located near residential neighborhoods, retail, restaurants, professional services, and other community amenities.
Where is this multifamily property located?
The property is located at 3814 Nanz Ave Louisville, KY.
What is the asking price?
The asking price for this property is $1,058,576.
What are key features of this property?
This property features: Multifamily property built in 1950; Located in St. Matthews near established residential neighborhoods; Just off Shelbyville Road with access to Breckenridge Lane and I‑264
