Four-Unit Multifamily
For Sale
$389,000
600 Eastern Pkwy, Louisville, KY 40217
The existing residential configuration is fully occupied and zoned R7.
Property Size3,750 SF
Price / SF$103.73
Days on Market21
Property Features for 600 Eastern Pkwy
General Information
Standard status
Active
Size
3,750 SF
Property subtype
Multifamily
Zoning
R7
Occupancy
100%
Additional Details
Multifamily Units
4
Amenities
Power
Water
Sewer
Natural Gas
Building Details
Year Built
1950
Buildings
1
Listing Agency:
BERKSHIRE HATHAWAY HomeServices, Parks & Weisberg Realtors
Listed By:
Michael Kearns · License #78847
(502) 802-6044
Source:
Kcrea.resimplifi
Added: Sep 25
Changed: Oct 13
Last Checked: Oct 14 at 7:33PM
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 BERKSHIRE HATHAWAY HomeServices, Parks & Weisberg Realtors
Investment Insights
Based on property information with market context.
Located at 600 Eastern Pkwy in Louisville, this residential property contains four units within a 3,750 SF building. Constructed in 1950, it is zoned R7 and reports 100% occupancy.
Key Highlights
- Four‑unit residential property
- 3,750 SF building
- 100% occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,554
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,080
$631.1K
Cap Rate 7%
$450,771
$450.8K
Cap Rate 9%
$350,600
$350.6K
Market Conditions
NOI Build-Up for 3,750 SF
Gross rent
$47.7K $12.72/SF
− Vacancy
−$2.6K −$0.70/SF
EGI
$45.1K $12.02/SF
− OpEx
−$13.5K −$3.61/SF
NOI
$31.6K $8.41/SF
Area
Louisville, KY
Vacancy
5.50%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,080
Cap Rate 7%
$450,771
Cap Rate 9%
$350,600
Alternative Uses
Best Use
Multifamily LT 5
$450.8K
$394.4K – $525.9K
NOI $31,554 @ 7.0% cap · market cap 8.11%
Second Best
Apartment 5plus
$364.6K
$319.0K – $425.4K
NOI $25,521 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$972.0K
$850.5K – $1.13M
NOI $68,040 @ 7.0% cap · market cap 17.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
672
Businesses Nearby
Explore this area
Business Placement
Demographics for 40217, KY
13,061
Population
6,840
Households
1.9
Avg Household Size
36
Median Age
48%
College-Educated
95%
High-School Grad
2.4 sq mi
ZIP Area
5,442
Density / Sq Mi
$68,573
Median Household Income
$48,298
Median Earnings
$1,150
Median Rent
$220,700
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - The existing residential configuration is fully occupied and zoned R7.
Where is this quadplex located?
The property is located at 600 Eastern Pkwy Louisville, KY.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Four‑unit residential property; 3,750 SF building; 100% occupancy
