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    Germantown Multifamily Investment Opportunity

    916 Shelby Pkwy Louisville, KY 40204

    Claim this Listing
    For Sale
    $390,000

    MULTI_FAMILY - Louisville, KY

    Property size:
    2,694 SF
    Price / SF:
    $144/SF
    Added:
    Apr 24, 2026
    Days on Market:
    80
    Last Refresh:
    Jul 12 at 7:06 am

    Property Features for 916 Shelby Pkwy

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Patio and Porch features
    Porch
    Standard status
    Active
    APN
    025D00290000
    Size
    2,694 SF

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air, Window Unit(s), Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1948
    Number of units
    4
    Building materials
    Wood Frame, Block, Brick
    Roof type
    Shingle

    Listing agent Shawn Owens License #217950

    Listing office Beck Realty Group 2505 Tuckaho Rd, Louisville, KY

    Listing date Apr 24, 2026

    MLS# 1715574 Listing URL

    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.

    Located in the Germantown area, this property presents an investment opportunity with two duplexes situated on a single parcel. The property, with frontage on both Shelby Pkwy and Dandridge Ave, comprises four units: 916 Shelby Pkwy (Units A & B) and 917 Dandridge Ave (Units A & B). The total property size is 2694 square feet. 916 Shelby Pkwy Unit A is a 1-bedroom, 1-bathroom unit with a loft area, often utilized as a second bedroom, and includes an in-unit washer and dryer. 916 Shelby Pkwy Unit B is a 1-bedroom, 1-bathroom unit. 917 Dandridge Ave Unit A is a 2-bedroom, 1-bathroom unit that includes an in-unit washer and dryer. 917 Dandridge Ave Unit B is an efficiency-style 1-bedroom, 1-bathroom unit that includes an in-unit washer and dryer. The property offers dual-street access. This property is suited for investors seeking cash flow with value-add potential.

    Key Highlights

    • Two duplexes on one parcel with 4 total units: 916 Shelby Pkwy (A & B) and 917 Dandridge Ave (A & B).
    • 916 Shelby Pkwy Unit A (1BR/1BA) includes an in‑unit washer and dryer and loft area often used as a second bedroom; rented at $1,015/month.
    • 916 Shelby Pkwy Unit B (1BR/1BA) is currently vacant, offering immediate lease‑up.

    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 $34.3k $12.72
    − Vacancy −$1.9k −$0.70
    EGI $32.4k $12.02
    − OpEx −$9.7k −$3.61
    NOI $22.7k $8.41
    2,694 SF · lease $12.72/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $323.8K
    $283.4K – $377.8K (±1% cap)
    NOI $22,668 @ 7.0% cap · market cap 5.81%
    Second Best
    Apartment 5plus
    $261.9K
    $229.2K – $305.6K (±1% cap)
    NOI $18,334 @ 7.0% cap · market cap 4.70%
    Theoretical Best
    Office A
    $698.3K
    $611.0K – $814.7K (±1% cap)
    NOI $48,880 @ 7.0% cap · market cap 12.53%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Nail Salon HVAC Service Real Estate Agency (Bike/Boat/Book/etc) Store Hair Salon (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Daycare Center Veterinary Clinic (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Quadplex - Two duplexes on one parcel in the Germantown area.
    Where is this quadplex located?
    The property is located at 916 Shelby Pkwy Louisville, KY.
    What is the asking price?
    The asking price for this property is $390,000.
    What are key features of this property?
    This property features: Two duplexes on one parcel with 4 total units: 916 Shelby Pkwy (A & B) and 917 Dandridge Ave (A & B).; 916 Shelby Pkwy Unit A (1BR/1BA) includes an in‑unit washer and dryer and loft area often used as a second bedroom; rented at $1,015/month.; 916 Shelby Pkwy Unit B (1BR/1BA) is currently vacant, offering immediate lease‑up.
    Contact an agent
    (502) 640-6890
    We can help!
    Contact an agent
    Shawn Owens
    Real Estate License ID: 217950
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