841 S 41st St Louisville, KY 40211
MULTI_FAMILY - Other - Louisville, KY
- Added:
- Jul 8, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 11 at 2:06 am
Property Features for 841 S 41st St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 1
- Bathrooms
- 1
- Rooms
- Bedroom 1, Bathroom 1, Basement
- Standard status
- Active
- APN
- 06043D00560000
- Size
- 2,225 SF
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1925
- Number of units
- 4
- Building materials
- Brick
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Shawna Smith License #240695 (502) 640-7783
Listing office Real Broker, LLC 222 E Witherspoon St. 1st F, Louisville, KY (855) 450-0442
Listing date Jul 8, 2026
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.
Investment Insights
Based on property information with market context.
The building is located at 841 S 41st St in Louisville, Jefferson County, Kentucky 40211. As a four-unit residential income property, it is positioned to serve tenants seeking individual, self-contained apartment layouts rather than shared common unit arrangements.
For buyers looking for a multi-family asset, the unit mix of four 1-bedroom, 1-bath homes can support flexible leasing and tenant fit across the property. Because the updates were completed within the last five years, the building may require less near-term interior attention compared to a property without recent unit improvements. This 4-plex is available for sale at $209,900.
Key Highlights
- 4‑plex with four 1‑bedroom, 1‑bath units
- Updates completed within the last five years for all four units
- Brick construction with shingle roof
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.3k | $12.72 |
| − Vacancy | −$1.6k | −$0.70 |
| EGI | $26.7k | $12.02 |
| − OpEx | −$8.0k | −$3.61 |
| NOI | $18.7k | $8.41 |
