For Sale
$290,000
438 Amy Ave, Louisville, KY 40212
Residential land & home lots
Property Size1,968 SF
Price / SF$147.36
Days on Market285
Property Features for 438 Amy Ave
General Information
Standard status
Active
Size
1,968 SF
Property subtype
Multifamily
Zoning
R5
Amenities
Vacant
Building Details
Year Built
1900
Listing Agency:
Exit Realty Crutcher
Listed By:
Darlene Hirth · License #212206
(502) 327-9838
Source:
Kcrea.resimplifi
Added: Jan 3
Changed: Oct 12
Last Checked: Oct 14 at 7:52PM
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 Exit Realty Crutcher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,559
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,180
$331.2K
Cap Rate 7%
$236,557
$236.6K
Cap Rate 9%
$183,989
$184.0K
Market Conditions
NOI Build-Up for 1,968 SF
Gross rent
$25.0K $12.72/SF
− Vacancy
−$1.4K −$0.70/SF
EGI
$23.7K $12.02/SF
− OpEx
−$7.1K −$3.61/SF
NOI
$16.6K $8.41/SF
Area
Louisville, KY
Vacancy
5.50%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,180
Cap Rate 7%
$236,557
Cap Rate 9%
$183,989
Alternative Uses
Best Use
Multifamily LT 5
$236.6K
$207.0K – $276.0K
NOI $16,559 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$191.3K
$167.4K – $223.2K
NOI $13,393 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$510.1K
$446.3K – $595.1K
NOI $35,707 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
Explore this area
Business Placement
Demographics for 40212, KY
16,360
Population
8,061
Households
2
Avg Household Size
38
Median Age
13%
College-Educated
81%
High-School Grad
3.8 sq mi
ZIP Area
4,305
Density / Sq Mi
$35,389
Median Household Income
$28,506
Median Earnings
$917
Median Rent
$78,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
Where is this residential land & home lot located?
The property is located at 438 Amy Ave Louisville, KY.
What is the asking price?
The asking price for this property is $290,000.
