6-Unit Apartment
New
For Sale
$259,000
551 S Shelby St, Louisville, KY 40202
Multi Family, Louisville, KY
Property Size5,380 SF
Price / SF$48.14
Days on Market3
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
Additional Details
Tenant in Place
Yes
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
Listed By:
Katie L Lawson
(502) 562-0016
Added: Oct 29
Last Checked: Oct 31 at 2:06AM
MLS# 1733251
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.
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Investment Insights
Based on property information with market context.
This 5,380-square-foot apartment building contains six units: four with three bedrooms and two with two bedrooms. Four apartments are occupied. The building was constructed in 1995 and has vinyl siding, a shingle roof, forced-air heating, and central air conditioning.
Each apartment has a separate LG&E meter. Public sewer serves the property. Water, sewer, and trash costs are paid by the owner. Foundation work is needed, and repairs are also required in the vacant units. The property is being sold as-is.
Each apartment has a separate LG&E meter. Public sewer serves the property. Water, sewer, and trash costs are paid by the owner. Foundation work is needed, and repairs are also required in the vacant units. The property is being sold as-is.
Key Highlights
- Six apartments: four three‑bedroom units and two two‑bedroom units
- 5,380 square feet; four of six units are occupied
- Built in 1995 with vinyl siding and a shingle roof
Property Analytics
Who owns this building?
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
5,288
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The unit mix includes larger three-bedroom apartments and two-bedroom layouts, with four units currently occupied.
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; 5,380 square feet; four of six units are occupied; Built in 1995 with vinyl siding and a shingle roof
