8-Unit Apartment
New
For Sale
Contact for pricing
3944 South 3rd Street, Louisville, KY 40214
Corner-lot apartment property with separately metered one-bedroom units and off-street parking.
Property SizeContact for details
Days on Market7
Property Features for 3944 South 3rd Street
General Information
Standard status
Active
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
8 x 1BR/1BA
Multifamily Units
8
Additional Details
Gross Income
$92,880
Amenities
off-street parking
Building Details
Buildings
1
Listing Agency:
RE/MAX Premier Properties
Listed By:
Jay Pitts · License #KY 63303
(502) 572-0186
Source:
Crexi
Added: Sep 9
Changed: Sep 12
Last Checked: Sep 15 at 4:08AM
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 RE/MAX Premier Properties
Investment Insights
Based on property information with market context.
This 8-unit apartment building offers a consistent one-bedroom, one-bath layout across the property. Each residence is separately metered, and the property includes off-street parking on a corner lot, with additional on-street parking available. Seven units are occupied, while the remaining unit is scheduled for occupancy in September.
The property provides access to the Watterson Expressway, Churchill Downs, the fairgrounds, and the University of Louisville. Its apartment configuration, individual utility metering, and established occupancy create a straightforward multifamily operating profile.
The property provides access to the Watterson Expressway, Churchill Downs, the fairgrounds, and the University of Louisville. Its apartment configuration, individual utility metering, and established occupancy create a straightforward multifamily operating profile.
Key Highlights
- 8‑unit apartment building with one‑bedroom, one‑bath layouts
- Each unit is metered separately
- Seven units occupied; remaining unit scheduled for occupancy in September
Property Analytics
Current Use
Lease Details
8
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
Explore this area
Business Placement
Demographics for 40214, KY
46,220
Population
20,459
Households
2.3
Avg Household Size
37
Median Age
23%
College-Educated
85%
High-School Grad
15.0 sq mi
ZIP Area
3,081
Density / Sq Mi
$53,563
Median Household Income
$37,121
Median Earnings
$950
Median Rent
$176,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Corner-lot apartment property with separately metered one-bedroom units and off-street parking.
Where is this apartment building located?
The property is located at 3944 South 3rd Street Louisville, KY.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: 8‑unit apartment building with one‑bedroom, one‑bath layouts; Each unit is metered separately; Seven units occupied; remaining unit scheduled for occupancy in September
