5-Unit Apartment
For Sale
$340,000
4925 Southside Dr, Louisville, KY 40214
R6-zoned multifamily property with a three-bedroom-unit and two one-bedroom-unit configuration.
Property Size1,738 SF
Price / SF$195.63
Days on Market106
Property Features for 4925 Southside Dr
General Information
Standard status
Active
Size
1,738 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Beechmont
Units
Unit Mix
3 x 2BR, 2 x 1BR
Multifamily Units
5
Building Details
Year Built
1906
Listing Agency:
BERKSHIRE HATHAWAY HomeServices, Parks & Weisberg Realtors
Listed By:
Kiara A Harriott · License #274248
(502) 416-3681
Source:
Familyrealty
Added: Jul 10
Changed: Oct 2
Last Checked: Oct 7 at 1:19PM
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 BERKSHIRE HATHAWAY HomeServices, Parks & Weisberg Realtors
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Investment Insights
Based on property information with market context.
This R6-zoned apartment property contains five residential units within 4,226 square feet. The unit mix includes three two-bedroom apartments and two one-bedroom apartments. The building dates to 1906 and is situated on an oversized lot.
Units 1, 2, and 3 are occupied. The resident in Unit 4 is scheduled to move out on 10/31/2025, while the tenant in Unit 5 is expected to vacate soon. The property is located at 4925 Southside Dr in Louisville, Kentucky, with a 40214 ZIP code.
Units 1, 2, and 3 are occupied. The resident in Unit 4 is scheduled to move out on 10/31/2025, while the tenant in Unit 5 is expected to vacate soon. The property is located at 4925 Southside Dr in Louisville, Kentucky, with a 40214 ZIP code.
Key Highlights
- Five‑unit apartment property totaling 4,226 square feet
- Unit mix includes three 2‑bedroom units and two 1‑bedroom units
- R6 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,219
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,380
$304.4K
Cap Rate 7%
$217,414
$217.4K
Cap Rate 9%
$169,100
$169.1K
Market Conditions
NOI Build-Up for 1,738 SF
Gross rent
$30.2K $17.40/SF
− Vacancy
−$2.6K −$1.48/SF
EGI
$27.7K $15.92/SF
− OpEx
−$12.5K −$7.16/SF
NOI
$15.2K $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%
$304,380
Cap Rate 7%
$217,414
Cap Rate 9%
$169,100
Alternative Uses
Best Use
Apartment 5plus
$217.4K
$190.2K – $253.7K
NOI $15,219 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$416.5K
$364.4K – $485.9K
NOI $29,152 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Explore this area
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?
Apartment building - R6-zoned multifamily property with a three-bedroom-unit and two one-bedroom-unit configuration.
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 totaling 4,226 square feet; Unit mix includes three 2‑bedroom units and two 1‑bedroom units; R6 zoning
