4-Unit Multifamily
For Sale
$330,000
4524 S 6th St, Louisville, KY 40214
The apartment mix includes one- and two-bedroom layouts, with washer and dryer sets in two units.
Property Size2,632 SF
Price / SF$125.38
Days on Market13
Property Features for 4524 S 6th St
General Information
Standard status
Active
Size
2,632 SF
Property subtype
Multifamily
Zoning
R5
Site & Location
Neighborhood
Beechmont
Highway Access
Yes
Units
Unit Mix
2 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
4
Amenities
washer/dryer in two units
Building Details
Year Built
1912
Listing Agency:
Hoagland Commercial
Listed By:
Christopher O'Rear
(502) 550-7658
Source:
Kcrea.resimplifi
Added: Oct 15
Changed: Oct 26
Last Checked: Oct 26 at 2:29PM
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 Hoagland Commercial
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Investment Insights
Based on property information with market context.
This 2,632-square-foot multifamily property in Louisville’s Beechmont area contains four apartments: two with two bedrooms and one bathroom, and two with one bedroom and one bathroom. Washer and dryer sets are included in two units. The property was built in 1912, is zoned R5, and has high occupancy with income in place.
The property is at 4524 S 6th St, near Southern Parkway, Iroquois Park, and the Watterson Expressway.
The property is at 4524 S 6th St, near Southern Parkway, Iroquois Park, and the Watterson Expressway.
Key Highlights
- Four apartments: two 2BR/1BA units and two 1BR/1BA units
- 2,632 square feet; built in 1912
- Washer and dryer sets in two units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,406
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,120
$508.1K
Cap Rate 7%
$362,943
$362.9K
Cap Rate 9%
$282,289
$282.3K
Market Conditions
NOI Build-Up for 2,632 SF
Gross rent
$39.5K $15.00/SF
− Vacancy
−$3.2K −$1.21/SF
EGI
$36.3K $13.79/SF
− OpEx
−$10.9K −$4.14/SF
NOI
$25.4K $9.65/SF
Area
ZIP 40214
Vacancy
8.07%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,120
Cap Rate 7%
$362,943
Cap Rate 9%
$282,289
Alternative Uses
Best Use
Multifamily LT 5
$362.9K
$317.6K – $423.4K
NOI $25,406 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$329.2K
$288.1K – $384.1K
NOI $23,047 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$630.7K
$551.8K – $735.8K
NOI $44,147 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
350
Businesses Nearby
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Business Placement
Demographics for 40214, KY
46,220
Population
20,459
Households
2.3
Avg Household Size
37
Median Age
23%
College-Educated
85%
High-School Grad
15.0 sq mi
ZIP Area
3,081
Density / Sq Mi
$53,563
Median Household Income
$37,121
Median Earnings
$950
Median Rent
$176,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - The apartment mix includes one- and two-bedroom layouts, with washer and dryer sets in two units.
Where is this quadplex located?
The property is located at 4524 S 6th St Louisville, KY.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Four apartments: two 2BR/1BA units and two 1BR/1BA units; 2,632 square feet; built in 1912; Washer and dryer sets in two units
