Residential Income Property
For Sale
Contact for pricing
Pending
6413 North Dr, Louisville, KY 40272
Online auction for residential income property closing July 27, 2026.
Property Size957 SF
Days on Market156
Property Features for 6413 North Dr
General Information
Standard status
Pending
Size
957 SF
Property subtype
Multifamily
Zoning
R4
Listing Agency:
Noel Auctioneers & Real Estate Advisors
Listed By:
Jonathan Noel · License #72617
(859) 612-9175
Source:
Kcrea.resimplifi
Added: May 19
Changed: Oct 8
Last Checked: Oct 20 at 5:09PM
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 Noel Auctioneers & Real Estate Advisors
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Investment Insights
Based on property information with market context.
This property is being offered via online auction, with bidding commencing on Monday, May 25, 2026, at 10:00 AM (EST) and concluding on Thursday, June 11, 2026, at 7:00 PM (EST). The closing date is scheduled for on or before Monday, July 27, 2026, before 5:00 PM. Property previews are available by appointment only. The property will be sold to the highest bidder, irrespective of the price. A 10% buyer's premium will be applied, and 10% earnest money is required.
Key Highlights
- Sells to the highest bidder regardless of price.
- Online Only Auction for convenient bidding.
- Auction ends June 11, 2026, providing a defined timeframe.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,513
Suggested Prices Based on Cap Rates
Cap Rate 5%
$130,260
$130.3K
Cap Rate 7%
$93,043
$93.0K
Cap Rate 9%
$72,367
$72.4K
Market Conditions
NOI Build-Up for 957 SF
Gross rent
$12.5K $13.08/SF
− Vacancy
−$676 −$0.71/SF
EGI
$11.8K $12.37/SF
− OpEx
−$5.3K −$5.57/SF
NOI
$6.5K $6.81/SF
Area
Louisville, KY
Vacancy
5.40%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$130,260
Cap Rate 7%
$93,043
Cap Rate 9%
$72,367
Alternative Uses
Best Use
Apartment 5plus
$93.0K
$81.4K – $108.6K
NOI $6,513 @ 7.0% cap · market cap 130.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$248.1K
$217.1K – $289.4K
NOI $17,364 @ 7.0% cap · market cap 347.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
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Business Placement
Demographics for 40272, KY
37,747
Population
15,469
Households
2.4
Avg Household Size
39
Median Age
19%
College-Educated
90%
High-School Grad
33.3 sq mi
ZIP Area
1,134
Density / Sq Mi
$66,382
Median Household Income
$37,644
Median Earnings
$1,147
Median Rent
$169,700
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
Frequently Asked Questions
What type of property is this?
Multifamily property - Online auction for residential income property closing July 27, 2026.
Where is this multifamily property located?
The property is located at 6413 North Dr Louisville, KY.
What are key features of this property?
This property features: Sells to the highest bidder regardless of price.; Online Only Auction for convenient bidding.; Auction ends June 11, 2026, providing a defined timeframe.
