5-Unit Apartment
For Sale
$340,000
4925 Southside Dr, Louisville, KY 40214
Multi Family, Louisville, KY
Property Size2,982 SF
Price / SF$114.02
Days on Market136
Property Features for 4925 Southside Dr
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 4, Bedroom 7, Dining Room, Bathroom 3, Bathroom 4, Bedroom 8, Bedroom 3, Basement, Bedroom 2, Bedroom 5, Bathroom 5, Bedroom 6, Bathroom 1, Bathroom 2, Bedroom 1
Patio and Porch features
Porch
Subdivision
ST LEO PLACE
Directions
Watterson to S 3Rd Street, left on Tenny, right on Southside
Standard status
Active
APN
059B01610000
Size
2,982 SF
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1906
Number of units
5
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
BERKSHIRE HATHAWAY HomeServices, Parks & Weisberg Realtors
(502) 897-3321
Listed By:
Kiara A Harriott · License #274248
(502) 416-3681
Added: Jun 2
Changed: Oct 8
Last Checked: Oct 15 at 5:06AM
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.
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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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
