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Louisville Multifamily Investment Opportunity
For Sale
$774,000

649 S 44th St, Louisville, KY 40211

Well-maintained 12-unit property near Shawnee Park.

Property Size10,848 SF
Price / SF$71.35
Days on Market176

Property Features for 649 S 44th St

General Information

Standard status Active
Size 10,848 SF
Property subtype Residential Income
Listing Agency: Colliers
Listed By: Jenny Johnston · License #246944
Source: Exprealty
Added: Mar 1 Changed: Aug 23 Last Checked: Aug 24 at 10:21AM

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 Colliers

Investment Insights

Based on property information with market context.

This multifamily property features 12 units and is located in Louisville's Shawnee neighborhood, one block from Shawnee Park. Situated in a dense single-family residential area, the all-brick buildings have been well maintained, with improvements over the past several years that include unit turns, new roofs, and many windows. The property is separately metered for gas and electric, which limits landlord utility exposure. The property size is 10848 square feet.

Key Highlights

  • Well‑maintained property with recent improvements including unit turns, new roofs, and many windows.
  • Located one block from Shawnee Park.
  • Situated in a dense single‑family residential neighborhood.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

189
Businesses Nearby

Demographics for 40211, KY

21,310
Population
11,450
Households
1.9
Avg Household Size
37
Median Age
11%
College-Educated
86%
High-School Grad
7.3 sq mi
ZIP Area
2,919
Density / Sq Mi
$32,598
Median Household Income
$28,245
Median Earnings
$925
Median Rent
$97,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Well-maintained 12-unit property near Shawnee Park.
Where is this apartment building located?
The property is located at 649 S 44th St Louisville, KY.
What is the asking price?
The asking price for this property is $774,000.
What are key features of this property?
This property features: Well‑maintained property with recent improvements including unit turns, new roofs, and many windows.; Located one block from Shawnee Park.; Situated in a dense single‑family residential neighborhood.
More about this property
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