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Renovated Louisville Apartments For Sale
For Sale
$1,250,000

401 Kenilworth Road, Louisville, KY 40206

Thirteen fully occupied units in desirable Louisville location.

Property SizeContact for details
Lot Size0.40 Acres
Days on Market161

Property Features for 401 Kenilworth Road

General Information

Standard status Active
Lot size 0.40 Acres
Property subtype Multifamily

Building Details

Year Built 1963
Listing Agency: Fortis Group
Listed By: Clay F. Manley III
Source: Naiglobal
Added: Feb 26 Changed: Jul 10 Last Checked: Aug 6 at 5:20AM

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 Fortis Group

Investment Insights

Based on property information with market context.

Constructed in 1963 and fully renovated between 2016 and 2022, this property features thirteen fully occupied apartments on a 0.4-acre site. The unit mix includes seven 2-bedroom, 1-bathroom apartments and six 1-bedroom, 1-bathroom apartments. The property is situated along lower Brownsboro Rd in Louisville, benefiting from its location in a desirable submarket with proximity to Downtown, Clifton, and NuLu. The area is densely populated with a vacancy rate of less than 6%. Renovations within the past 6-7 years included mechanical and electrical systems, and the roof was replaced in 2019. Current rental rates are less than 75% of comparable assets.

Key Highlights

  • Fully renovated between 2016‑2022, including mechanical, electrical, and roof replacement (2019).
  • Premier location in the heart of Louisville, a desirable submarket.
  • Close proximity to Downtown, Clifton, and NuLu.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Daycare Center Parking Lot & Garage Auto Parts Store Kitchen & Bath Showroom Dental Office Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

914
Businesses Nearby

Demographics for 40206, KY

20,196
Population
11,637
Households
1.7
Avg Household Size
38
Median Age
55%
College-Educated
95%
High-School Grad
5.8 sq mi
ZIP Area
3,482
Density / Sq Mi
$72,543
Median Household Income
$48,506
Median Earnings
$1,142
Median Rent
$276,100
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Thirteen fully occupied units in desirable Louisville location.
Where is this apartment building located?
The property is located at 401 Kenilworth Road Louisville, KY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Fully renovated between 2016‑2022, including mechanical, electrical, and roof replacement (2019).; Premier location in the heart of Louisville, a desirable submarket.; Close proximity to Downtown, Clifton, and NuLu.
More about this property
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