Brick
4212 Billtown Rd, Jeffersontown, KY 40299
For Sale
$425,000
Four tenant-occupied apartments have matching two-bedroom, one-bath layouts and washer/dryer hookups.
Property Size3,360 SF
Price / SF$126.49
Days on Market68
Property Features for 4212 Billtown Rd
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
washer/dryer hookup
outdoor storage shed
Building Details
Year Built
Construction
Listing Agency:
Home Link Realtor
(502) 888-2216
Listed By:
Van Tran · License KY #270025
(502) 741-8338
Source:
Optlrealty
Added: Sep 3
Changed: Nov 9
Last Checked: Nov 8 at 9:31PM
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 Home Link Realtor
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,360-square-foot brick quadplex, built in 1971, contains four apartments with the same configuration: two bedrooms, one full bathroom, and a washer/dryer hookup. Each unit also has an outdoor storage shed. All four apartments are tenant occupied.
Equipment ages vary by unit. Water heaters in Units 1, 3, and 4 date to 2009, while Unit 2’s water heater dates to 2019. Furnaces and air-conditioning equipment were updated in 2005.
Equipment ages vary by unit. Water heaters in Units 1, 3, and 4 date to 2009, while Unit 2’s water heater dates to 2019. Furnaces and air-conditioning equipment were updated in 2005.
Key Highlights
- Four‑unit property with all apartments tenant occupied
- 3,360 square feet in a brick building constructed in 1971
- Each apartment has 2 bedrooms, 1 full bathroom, and a washer/dryer hookup
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,763
Cap Rate
7.24%
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 7.24%
Second Best
Apartment 5plus
$404.2K
$353.6K – $471.5K
NOI $28,291 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$822.5K
$719.7K – $959.6K
NOI $57,577 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
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
$274,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Quadplexes in Jefferson County, KY
Properties on Market for Quadplexes in Jefferson County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four tenant-occupied apartments have matching two-bedroom, one-bath layouts and washer/dryer hookups.
Where is this quadplex located?
The property is located at 4212 Billtown Rd Jeffersontown, KY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Four‑unit property with all apartments tenant occupied; 3,360 square feet in a brick building constructed in 1971; Each apartment has 2 bedrooms, 1 full bathroom, and a washer/dryer hookup
