6-Unit Apartment
New
For Sale
$259,000
551 S Shelby St, Louisville, KY 40202
Apartments offer a mix of two- and three-bedroom layouts with separately metered electric service.
Property Size5,380 SF
Price / SF$48.14
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
Site & Location
Neighborhood
Phoenix Hill
Units
Unit Mix
4 x 3BR, 2 x 2BR
Multifamily Units
6
Individually Metered Utilities
electricity
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1995
Listing Agency:
Demaree & Hubbard
Listed By:
Key Associates Signature Realty
(812) 686-3268
Source:
Keyassociates
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 30 at 2:20PM
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 Demaree & Hubbard
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,380-square-foot apartment property, built in 1995, contains six units: four with three bedrooms and two with two bedrooms. Four units are occupied. Each apartment has a separate LG&E meter, while the owner covers water, sewer, and trash service.
The building requires foundation work, and repairs are also needed in the unoccupied units. The property is offered in its current condition. It is located in Phoenix Hill, Louisville.
The building requires foundation work, and repairs are also needed in the unoccupied units. The property is offered in its current condition. It is located in Phoenix Hill, Louisville.
Key Highlights
- Six apartments: four three‑bedroom units and two two‑bedroom units
- 4 of 6 units occupied
- 5,380 square feet; built in 1995
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Apartments offer a mix of two- and three-bedroom layouts with separately metered electric service.
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 $259,000.
What are key features of this property?
This property features: Six apartments: four three‑bedroom units and two two‑bedroom units; 4 of 6 units occupied; 5,380 square feet; built in 1995
