Four-Unit Residential
New
For Sale
$479,000
905 E Washington St, Louisville, KY 40206
Multi Family, Louisville, KY
Property Size3,438 SF
Price / SF$139.33
Days on Market4
Property Features for 905 E Washington St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
5
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 5, Bathroom 5, Bedroom 2, Bathroom 4, Bathroom 1, Bedroom 3, Bathroom 3
Subdivision
BUTCHERTOWN
Lot features
Sidewalk
Directions
East Main St. to North Campbell St. OR North Wenzel St. to East Washington
Standard status
Active
APN
04019G00790000
Size
3,438 SF
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Number of units
4
Building materials
Wood Frame, Block, Brick
Roof type
Shingle
Architectural style
Other
Buildings
1
Listing Agency:
Kentucky Select Properties
Listed By:
Clayton Gentile
(502) 271-5000
Added: Nov 3
Last Checked: Nov 6 at 4:06AM
MLS# 1733642
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.
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Investment Insights
Based on property information with market context.
This four-unit residential property contains 3,438 square feet, arranged as three one-bedroom apartments and one two-bedroom apartment. Built in 1900, the building has wood-frame, block, and brick construction, forced-air heating, central air conditioning, a shingle roof, and public water and sewer. The property is zoned R-6 for multifamily use.
The building is in Louisville’s Butchertown area, one block from shopping and public transportation. Nearby destinations include NULU, Lynn Family Stadium, the University of Louisville medical campus, and the downtown business district.
The building is in Louisville’s Butchertown area, one block from shopping and public transportation. Nearby destinations include NULU, Lynn Family Stadium, the University of Louisville medical campus, and the downtown business district.
Key Highlights
- Four apartments: three one‑bedroom units and one two‑bedroom unit
- 3,438 square feet; built in 1900
- R‑6 multifamily zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,928
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,560
$578.6K
Cap Rate 7%
$413,257
$413.3K
Cap Rate 9%
$321,422
$321.4K
Market Conditions
NOI Build-Up for 3,438 SF
Gross rent
$43.7K $12.72/SF
− Vacancy
−$2.4K −$0.70/SF
EGI
$41.3K $12.02/SF
− OpEx
−$12.4K −$3.61/SF
NOI
$28.9K $8.41/SF
Area
Louisville, KY
Vacancy
5.50%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,560
Cap Rate 7%
$413,257
Cap Rate 9%
$321,422
Alternative Uses
Best Use
Multifamily LT 5
$413.3K
$361.6K – $482.1K
NOI $28,928 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$334.2K
$292.5K – $390.0K
NOI $23,397 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$891.1K
$779.7K – $1.04M
NOI $62,379 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,235
Businesses Nearby
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Business Placement
Demographics for 40206, KY
20,196
Population
11,637
Households
1.7
Avg Household Size
38
Median Age
55%
College-Educated
95%
High-School Grad
5.8 sq mi
ZIP Area
3,482
Density / Sq Mi
$72,543
Median Household Income
$48,506
Median Earnings
$1,142
Median Rent
$276,100
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 - The property combines three one-bedroom apartments with a two-bedroom unit in a multi-family configuration.
Where is this quadplex located?
The property is located at 905 E Washington St Louisville, KY.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Four apartments: three one‑bedroom units and one two‑bedroom unit; 3,438 square feet; built in 1900; R‑6 multifamily zoning
