Updated Four-Unit
For Sale
$199,900
841 S 41st St, Louisville, KY 40211
Multi Family, Louisville, KY
Property Size2,225 SF
Price / SF$89.84
Days on Market96
Property Features for 841 S 41st St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Basement, Bathroom 4, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 2
Lot features
Corner Lot, Sidewalk
Directions
From W Broadway, make left on 41st
Subdivision
01-Dtwn Old Louisville/Shively/West Lou
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 Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Shawna Smith · License #240695
(502) 640-7783
Added: Jul 8
Changed: Oct 8
Last Checked: Oct 11 at 5:06AM
MLS# 1722644
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.
This 2,225-square-foot quadplex contains four one-bedroom, one-bath units within a brick building constructed in 1925. Each unit has been updated within the last five years, providing refreshed interior finishes across the property. The building includes basement space and is configured for residential income use.
Located at 841 S 41st St in Louisville, Kentucky, the property is served by public water and public sewer. Building systems include forced-air heating powered by natural gas, central air conditioning, and a shingle roof. The four-unit layout offers a consistent configuration across the asset, with one bedroom and one bathroom in each residence.
Located at 841 S 41st St in Louisville, Kentucky, the property is served by public water and public sewer. Building systems include forced-air heating powered by natural gas, central air conditioning, and a shingle roof. The four-unit layout offers a consistent configuration across the asset, with one bedroom and one bathroom in each residence.
Key Highlights
- Four one‑bedroom, one‑bath units
- 2225 square feet in a brick building
- All four units updated within the last five years
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.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Brick income property with refreshed interiors, central air, and public water and sewer service.
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; 2225 square feet in a brick building; All four units updated within the last five years
