4221 S 2nd St, Louisville, KY 40214
Four-unit updated quadplex with one unit expected soon, offering owner-occupant and rental flexibility.
- Added:
- May 27, 2026
- Days on Market:
- 13
- Last Refresh:
- Jun 6 at 3:03 am
Property Features for 4221 S 2nd St
General Information
- Standard status
- Active
- Size
- 3,024 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1960
Listing agent Rob Bergeron License #KY 75085
Listing office Housing Associates
Listing date May 27, 2026
Source Crexi
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 Housing Associates
HighLights
- Four‑unit quadplex built in 1960
- Updated quadplex with meaningful updates throughout
- One additional unit expected soon, offering owner‑occupant and rental flexibility
- Minutes from Noble Funk Brewing Company, Huston Quin Park, and George Rogers Clark Park
Overview
The property is located at 4221 S 2nd St in Louisville, Kentucky. It is described as being minutes from Noble Funk Brewing Company, Huston Quin Park, and George Rogers Clark Park, placing residents within reach of local destinations.
As a multi-family income property, the four-unit layout can support a variety of ownership strategies, including living in one unit while renting the others. With the work already completed via updates throughout, the asset presents as a more manageable option compared to a property requiring major renovations, while the upcoming availability adds timing advantage for a new tenant or owner plan.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.4k | $15.00 |
| − Vacancy | −$3.7k | −$1.21 |
| EGI | $41.7k | $13.79 |
| − OpEx | −$12.5k | −$4.14 |
| NOI | $29.2k | $9.65 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Jefferson
- State
- Kentucky
- Longitude
- -85.7628814
- Latitude
- 38.194181
