6-Unit Apartment
New
For Sale
$295,000
551 S Shelby St, Louisville, KY 40202
Six separately metered apartments with a mix of two- and three-bedroom layouts, including units requiring repairs.
Property Size5,380 SF
Price / SF$54.83
Days on Market2
Property Features for 551 S Shelby St
General Information
Standard status
Active
Size
5,380 SF
Property subtype
Multi-Family
Property Condition
Severity
Major Repairs Needed
Evidence
The building is in need of foundation repairs
Units
Unit Mix
4 x 3BR, 2 x 2BR
Multifamily Units
6
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1995
Buildings
1
Listing Agency:
RE/MAX Real Estate Champions
Listed By:
RE Solutions
(502) 219-3500
Source:
Resolutions
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 2 at 1:39PM
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 RE/MAX Real Estate Champions
Investment Insights
Based on property information with market context.
Located at 551 S Shelby St in Louisville, this 5,380-square-foot apartment building contains six residential units. The configuration includes four three-bedroom apartments and two two-bedroom apartments, with each unit separately metered for LGE. Built in 1995, the property is being offered as-is.
Four apartments are occupied, while the remaining two require repairs. The owner currently pays water, sewer, and trash service. Foundation repairs are needed, and additional information is referenced in the seller’s disclosure.
Four apartments are occupied, while the remaining two require repairs. The owner currently pays water, sewer, and trash service. Foundation repairs are needed, and additional information is referenced in the seller’s disclosure.
Key Highlights
- Six‑unit apartment building with four three‑bedroom units and two two‑bedroom units
- 5,380 SF building constructed in 1995
- Four of six units are currently occupied
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5,288
Businesses Nearby
Explore this area
Business Placement
Demographics for 40202, KY
7,179
Population
4,242
Households
1.7
Avg Household Size
39
Median Age
27%
College-Educated
83%
High-School Grad
1.6 sq mi
ZIP Area
4,487
Density / Sq Mi
$29,382
Median Household Income
$33,205
Median Earnings
$881
Median Rent
$340,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Six separately metered apartments with a mix of two- and three-bedroom layouts, including units requiring repairs.
Where is this apartment building located?
The property is located at 551 S Shelby St Louisville, KY.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Six‑unit apartment building with four three‑bedroom units and two two‑bedroom units; 5,380 SF building constructed in 1995; Four of six units are currently occupied
