Six-Unit Apartment
New
For Sale
$295,000
551 S Shelby St, Louisville, KY 40202
Multi Family, Louisville, KY
Property Size5,380 SF
Price / SF$54.83
Days on Market2
Property Features for 551 S Shelby St
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Subdivision
PHOENIX HILL
Lot features
Corner Lot
Directions
Two blocks north of Broadway at the corner of S. Shelby and E. Chestnut.
Standard status
Active
APN
04016E00010000
Size
5,380 SF
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1995
Number of units
6
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Schempp Realty Company
(502) 562-0016
Listed By:
Katie L Lawson
(502) 562-0016
Added: Sep 1
Last Checked: Sep 2 at 5:06AM
MLS# 1727867
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 5,380-square-foot apartment building contains six units, including four three-bedroom apartments and two two-bedroom apartments. Four units are occupied, while the remaining apartments require repairs. The property is offered as-is and needs foundation work; additional details are provided in the seller’s disclosure. Buyer to verify square footage.
Each apartment has separate electric metering through LGE. The owner pays water, sewer, and trash service. Building features include vinyl siding, forced-air heating, central air conditioning, a shingle roof, and public sewer. Constructed in 1995, the property is located in Louisville’s Phoenix Hill area.
Each apartment has separate electric metering through LGE. The owner pays water, sewer, and trash service. Building features include vinyl siding, forced-air heating, central air conditioning, a shingle roof, and public sewer. Constructed in 1995, the property is located in Louisville’s Phoenix Hill area.
Key Highlights
- Six apartment units: four three‑bedroom and two two‑bedroom layouts
- 5,380 SF building constructed in 1995
- Four of six units 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
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartments are separately metered, with two- and three-bedroom layouts.
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 apartment units: four three‑bedroom and two two‑bedroom layouts; 5,380 SF building constructed in 1995; Four of six units currently occupied
