5-Unit Apartment
4925 Southside Dr, Louisville, KY 40214
For Sale
$340,000
Multi Family, Louisville, KY
Property Size2,982 SF
Price / SF$114.02
Days on Market162
Property Features for 4925 Southside Dr
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Subdivision
Directions
Standard status
APN
Size
Additional Details
Tenant in Place
Utilities
Sewer type
Cooling system
Water source
Building Details
Year built
Number of units
Building materials
Roof type
Listing Agency:
BERKSHIRE HATHAWAY HomeServices, Parks & Weisberg Realtors
(502) 897-3321
Listed By:
Kiara A Harriott · License KY #274248
(502) 416-3681
Added: Jun 2
Changed: Nov 10
Last Checked: Nov 10 at 5:06PM
MLS# 1719213
Copyright © 2026 Greater Louisville Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,982-square-foot apartment property contains five residential units within a building constructed in 1906. The improvements feature vinyl siding, a shingle roof, central air, and a porch. One unit is identified as vacant, while tenant notification requires 48 hours before showing requests.
Public water and public sewer serve the property. The unit layout includes multiple bedrooms and bathrooms, along with dining and basement areas. The property is located in Louisville, Kentucky, within ZIP Code 40214.
Public water and public sewer serve the property. The unit layout includes multiple bedrooms and bathrooms, along with dining and basement areas. The property is located in Louisville, Kentucky, within ZIP Code 40214.
Key Highlights
- Five‑unit apartment property
- 2,982 square feet of building area
- Constructed in 1906
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,112
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,240
$522.2K
Cap Rate 7%
$373,029
$373.0K
Cap Rate 9%
$290,133
$290.1K
Market Conditions
NOI Build-Up for 2,982 SF
Gross rent
$51.9K $17.40/SF
− Vacancy
−$4.4K −$1.48/SF
EGI
$47.5K $15.92/SF
− OpEx
−$21.4K −$7.16/SF
NOI
$26.1K $8.76/SF
Area
ZIP 40214
Vacancy
8.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,240
Cap Rate 7%
$373,029
Cap Rate 9%
$290,133
Alternative Uses
Best Use
Apartment 5plus
$373.0K
$326.4K – $435.2K
NOI $26,112 @ 7.0% cap · market cap 7.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$714.5K
$625.2K – $833.6K
NOI $50,017 @ 7.0% cap · market cap 14.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
593
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
$176,700
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Louisville, KY
Properties on Market for Apartment buildings in Louisville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Income-producing multifamily property with central air, public utilities, and a covered porch.
Where is this apartment building located?
The property is located at 4925 Southside Dr Louisville, KY.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Five‑unit apartment property; 2,982 square feet of building area; Constructed in 1906
