5-Unit Multifamily Investment Property

4925 Southside Dr Louisville, KY 40214

Claim this Listing
For Sale
$340,000

MULTI_FAMILY - Louisville, KY

Type:Apartment
Property size:
2,982 SF
Price / SF:
$114/SF
Added:
Jun 2, 2026
Days on Market:
40
Last Refresh:
Jul 11 at 6:06 am

Property Features for 4925 Southside Dr

General Information

Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
8
Bathrooms
5
Rooms
Bedroom 8, Bathroom 3, Bathroom 2, Basement, Dining Room, Bedroom 6, Bedroom 3, Bedroom 2, Bathroom 4, Bedroom 7, Bathroom 5, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1
Patio and Porch features
Porch
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 agent Kiara A Harriott License #274248

Listing office BERKSHIRE HATHAWAY HomeServices, Parks & Weisberg Realtors 1701 Herr Lane Ste. 100, LOUISVILLE, KY

Listing date Jun 2, 2026

MLS# 1719213 Listing URL

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 is a 5-unit multifamily property with a mix of 1- and 2-bedroom residences. Current rent rolls provided include Unit 1 at $913.50 (1 bedroom), Unit 2 at $850.50 (1 bedroom), Unit 3 at $654.05 (2 bedrooms), Unit 4 listed as vacant, and Unit 5 at $850.00 (2 bedrooms). The offering sits on a large lot.

The property is located at 4925 Southside Dr, Louisville, KY 40214 in Jefferson County. Please note that showings require 48 hours’ notice to accommodate tenant schedules.

Additional physical details beyond the lot size and unit mix were not provided. Interested parties should confirm all operating and unit specifics during the showing process.

Key Highlights

  • 5‑unit multi‑family property built in 1906 with vinyl siding and a shingle roof
  • Central air and public utilities including public water and public sewer
  • Unit 1: 1BR rented for $913.50 per month

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $51.9k $17.40
− Vacancy −$4.4k −$1.48
EGI $47.5k $15.92
− OpEx −$21.4k −$7.16
NOI $26.1k $8.76
2,982 SF · lease $17.40/SF/yr · vacancy 8.50% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$373.0K
$326.4K – $435.2K (±1% cap)
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 (±1% cap)
NOI $50,017 @ 7.0% cap · market cap 14.71%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Real Estate Agency Grocery & Convenience Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Parking Lot & Garage Accounting Firm Florist Bakery

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Five residential units on a large lot, including one vacant unit, offering a mix of 1- and 2-bedroom layouts.
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: 5‑unit multi‑family property built in 1906 with vinyl siding and a shingle roof; Central air and public utilities including public water and public sewer; Unit 1: 1BR rented for $913.50 per month
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message