Updated Four-Unit
For Sale
$490,000
911 Goss Ave, Louisville, KY 40217
Fully leased income property with updated electric meters and two new decks.
Property Size4,125 SF
Price / SF$118.79
Days on Market57
Property Features for 911 Goss Ave
General Information
Standard status
Active
Size
4,125 SF
Property subtype
Residential Income
Occupancy
100%
Site & Location
Neighborhood
Shelby Park
Additional Details
Gross Income
$57,000
Multifamily Units
4
Amenities
decks
Building Details
Buildings
1
Listing Agency:
EXP Realty LLC
(888) 624-6448
Listed By:
Ethan J Adams · License #244623
(502) 558-8193
Source:
Exprealty
Added: Sep 11
Changed: Oct 25
Last Checked: Nov 4 at 3:41PM
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 EXP Realty LLC
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Investment Insights
Based on property information with market context.
Located at 911 Goss Ave in Louisville’s Germantown neighborhood, this 4,125-square-foot quadplex contains four leased units. Property updates include new electric meters and two new decks, providing refreshed building components and outdoor features.
The property offers walkable access to Germantown restaurants, coffee shops, and boutiques, with downtown Louisville only minutes away. Its four-unit configuration and current occupancy make it a practical addition to a residential income portfolio.
The property offers walkable access to Germantown restaurants, coffee shops, and boutiques, with downtown Louisville only minutes away. Its four-unit configuration and current occupancy make it a practical addition to a residential income portfolio.
Key Highlights
- 4,125‑square‑foot quadplex with four residential units
- All four units are currently leased
- New electric meters have been installed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,709
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,180
$694.2K
Cap Rate 7%
$495,843
$495.8K
Cap Rate 9%
$385,656
$385.7K
Market Conditions
NOI Build-Up for 4,125 SF
Gross rent
$52.5K $12.72/SF
− Vacancy
−$2.9K −$0.70/SF
EGI
$49.6K $12.02/SF
− OpEx
−$14.9K −$3.61/SF
NOI
$34.7K $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%
$694,180
Cap Rate 7%
$495,843
Cap Rate 9%
$385,656
Alternative Uses
Best Use
Multifamily LT 5
$495.8K
$433.9K – $578.5K
NOI $34,709 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$401.0K
$350.9K – $467.9K
NOI $28,073 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$1.07M
$935.6K – $1.25M
NOI $74,844 @ 7.0% cap · market cap 15.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
969
Businesses Nearby
Explore this area
Business Placement
Demographics for 40217, KY
13,061
Population
6,840
Households
1.9
Avg Household Size
36
Median Age
48%
College-Educated
95%
High-School Grad
2.4 sq mi
ZIP Area
5,442
Density / Sq Mi
$68,573
Median Household Income
$48,298
Median Earnings
$1,150
Median Rent
$220,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Louisville, KY
Properties on Market for Quadplexes in Louisville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased income property with updated electric meters and two new decks.
Where is this quadplex located?
The property is located at 911 Goss Ave Louisville, KY.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: 4,125‑square‑foot quadplex with four residential units; All four units are currently leased; New electric meters have been installed
