Two-Duplex Residential Income
916 Shelby Pkwy Louisville, KY 40204
For Sale
$390,000
MULTI_FAMILY - Louisville, KY
Property Size2,694 SF
Price / SF$144.77
Days on Market96
Property Features for 916 Shelby Pkwy
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
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
Wall/Window Unit(s), Window Unit(s), Central Air
Water source
Public
Building Details
Year built
1948
Number of units
4
Building materials
Wood Frame, Block, Brick
Roof type
Shingle
Listing Agency:
Beck Realty Group
(502) 471-4419
Listed By:
Shawn Owens · License #217950
(502) 640-6890
Added: Apr 24
Changed: Jul 27
Last Checked: Jul 28 at 7:06AM
MLS# 1715574
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 for-sale residential income property consists of two duplexes on a single parcel, configured as four total rental units. At 916 Shelby Pkwy, there is a 1BR/1BA unit with a loft area noted as a second-bedroom use, and a separate 1BR/1BA unit that is currently vacant. At 917 Dandridge Ave, the property includes a 2BR/1BA unit and an efficiency-style 1BR/1BA unit that is currently vacant. Several units are described as having in-unit washer and dryer.
The parcel provides frontage on both Shelby Pkwy and Dandridge Ave, creating dual-street access for the property.
Two of the four units are currently vacant, allowing for immediate income optimization through lease-up and potential rent adjustments.
The parcel provides frontage on both Shelby Pkwy and Dandridge Ave, creating dual-street access for the property.
Two of the four units are currently vacant, allowing for immediate income optimization through lease-up and potential rent adjustments.
Key Highlights
- Two duplexes on one parcel with frontage on both Shelby Pkwy and Dandridge Ave for dual‑street access
- Four total units: 916 Shelby Pkwy (Units A & B) and 917 Dandridge Ave (Units A & B)
- 916 Shelby Pkwy Unit A: 1BR/1BA with loft area, in‑unit washer and dryer; currently rented at $1,015/month
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
NOI $22,668 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$261.9K
$229.2K – $305.6K
NOI $18,334 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$698.3K
$611.0K – $814.7K
NOI $48,880 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Two duplexes on one parcel provide four rental units with in-unit washer and dryer in select units.
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 frontage on both Shelby Pkwy and Dandridge Ave for dual‑street access; Four total units: 916 Shelby Pkwy (Units A & B) and 917 Dandridge Ave (Units A & B); 916 Shelby Pkwy Unit A: 1BR/1BA with loft area, in‑unit washer and dryer; currently rented at $1,015/month
