Updated 4-Unit
For Sale
$199,900
841 S 41st St, Louisville, KY 40211
Each residence has a one-bedroom, one-bath layout, and all four units received updates within the past five years.
Property Size2,225 SF
Price / SF$89.84
Days on Market117
Property Features for 841 S 41st St
General Information
Standard status
Active
Size
2,225 SF
Property subtype
Quadruplex
Site & Location
Neighborhood
Chickasaw
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Building Details
Year Built
1925
Listing Agency:
On the Move Realtors, Inc.
(502) 509-7653
Listed By:
Mike Brown · License #197906
(502) 643-3175
Source:
Onthemoverealtors
Added: Jul 8
Changed: Oct 30
Last Checked: Oct 30 at 2:22PM
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 On the Move Realtors, Inc.
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Investment Insights
Based on property information with market context.
This 2,225-square-foot quadplex contains four one-bedroom, one-bath units. Updates were completed in every unit within the past five years. The building dates to 1925 and is located at 841 S 41st St in Louisville, Kentucky 40211.
Key Highlights
- Four one‑bedroom, one‑bath units
- All four units updated within the past five years
- 2,225 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,142
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,840
$302.8K
Cap Rate 7%
$216,314
$216.3K
Cap Rate 9%
$168,244
$168.2K
Market Conditions
NOI Build-Up for 2,225 SF
Gross rent
$29.1K $13.08/SF
− Vacancy
−$1.6K −$0.71/SF
EGI
$27.5K $12.37/SF
− OpEx
−$12.4K −$5.57/SF
NOI
$15.1K $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%
$302,840
Cap Rate 7%
$216,314
Cap Rate 9%
$168,244
Alternative Uses
Best Use
Multifamily LT 5
$267.5K
$234.0K – $312.0K
NOI $18,722 @ 7.0% cap · market cap 9.37%
Second Best
Apartment 5plus
$216.3K
$189.3K – $252.4K
NOI $15,142 @ 7.0% cap · market cap 7.57%
Theoretical Best
Office A
$576.7K
$504.6K – $672.8K
NOI $40,370 @ 7.0% cap · market cap 20.20%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has a one-bedroom, one-bath layout, and all four units received updates within the past five years.
Where is this quadplex located?
The property is located at 841 S 41st St Louisville, KY.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Four one‑bedroom, one‑bath units; All four units updated within the past five years; 2,225 square feet
