Fully Occupied 4-Unit
For Sale
$395,000
4116 Billtown Rd, Louisville, KY 40299
Four-unit property with a varied bedroom mix and central air throughout.
Property Size3,360 SF
Price / SF$117.56
Days on Market66
Property Features for 4116 Billtown Rd
General Information
Standard status
Active
Size
3,360 SF
Property subtype
Residential Income
Occupancy
100%
Site & Location
Neighborhood
Highgate Springs
Road Access
Yes
Units
Unit Mix
2 x 1BR, 2 x 3BR
Multifamily Units
4
Amenities
central air
Listing Agency:
Keller Williams Louisville
(502) 459-5509
Listed By:
Scott Breland · License #223472
(502) 727-8573
Source:
Exprealty
Added: Aug 23
Changed: Oct 25
Last Checked: Oct 26 at 8:28PM
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 Keller Williams Louisville
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Investment Insights
Based on property information with market context.
This 3,360-square-foot quadplex is fully occupied and configured with two 1-bedroom apartments and two 3-bedroom apartments. Each residence includes central air, a combined living and dining area, a kitchen, and closet storage. The 3-bedroom units add 1.5 baths and full-size laundry rooms with washer and dryer hookups.
The property is located along Billtown Rd in Jeffersontown, with access to shopping, employment, dining, and transportation. Its four-unit layout and varied unit mix provide a straightforward multifamily configuration.
The property is located along Billtown Rd in Jeffersontown, with access to shopping, employment, dining, and transportation. Its four-unit layout and varied unit mix provide a straightforward multifamily configuration.
Key Highlights
- Fully occupied 4‑unit quadplex
- 3,360 square feet with two 1‑bedroom and two 3‑bedroom units
- Central air, living/dining area, kitchen, and closet space in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,763
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,260
$615.3K
Cap Rate 7%
$439,471
$439.5K
Cap Rate 9%
$341,811
$341.8K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$46.4K $13.80/SF
− Vacancy
−$2.4K −$0.72/SF
EGI
$43.9K $13.08/SF
− OpEx
−$13.2K −$3.92/SF
NOI
$30.8K $9.16/SF
Area
ZIP 40299
Vacancy
5.22%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,260
Cap Rate 7%
$439,471
Cap Rate 9%
$341,811
Alternative Uses
Best Use
Multifamily LT 5
$439.5K
$384.5K – $512.7K
NOI $30,763 @ 7.0% cap · market cap 7.79%
Second Best
Apartment 5plus
$404.2K
$353.6K – $471.5K
NOI $28,291 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$822.5K
$719.7K – $959.6K
NOI $57,577 @ 7.0% cap · market cap 14.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
Explore this area
Business Placement
Demographics for 40299, KY
43,030
Population
17,567
Households
2.4
Avg Household Size
41
Median Age
41%
College-Educated
95%
High-School Grad
54.0 sq mi
ZIP Area
797
Density / Sq Mi
$85,419
Median Household Income
$50,427
Median Earnings
$1,290
Median Rent
$274,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with a varied bedroom mix and central air throughout.
Where is this quadplex located?
The property is located at 4116 Billtown Rd Louisville, KY.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Fully occupied 4‑unit quadplex; 3,360 square feet with two 1‑bedroom and two 3‑bedroom units; Central air, living/dining area, kitchen, and closet space in each unit
