Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    1337 4Th St Louisville, KY 40208

    Sponsored
    For Sale
    $1,250,000

    Historic Charm, High NOI, Strong Cash Flow

    Property size:
    10,104 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional three-story apartment building, located at 1337 S 4th St in Louisville, Kentucky's vibrant Old Louisville neighborhood, presents a compelling investment opportunity. Built in 1890 and extensively renovated in 2020, this property boasts 10,104 square feet and comprises nine residential units, currently enjoying an 89% occupancy rate. Four private parking spaces and five separate garages provide additional income potential, supplementing the existing net operating income (NOI) of $69,500, which translates to a 5.56% capitalization rate. The building features an on-site coin-operated laundry facility, further enhancing profitability. Each unit is individually metered for electricity, with tenants sharing water costs according to their lease agreements. The asking price is $1,250,000, or $138,889 per unit. With the potential to increase rents to market value as leases expire, this property offers significant upside for future returns. The property is situated in Jefferson County, Kentucky, zip code 40208. This is a rare opportunity to acquire a well-maintained, income-producing asset in a desirable and historic location.

    Property Features for 1337 4Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    10,104 SF

    Building Details

    Year Built/Renovated
    1890/2020
    Buildings
    1
    Stories
    3
    Units
    9
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.7606395
    Latitude
    38.2312434

    Nearby Comparable

    • $2,050,000
      14,233 SF

      Prime Louisville Executive Office Space

      14,233 SF Vacant Office Building, $144/SF
      1325 4Th St, Louisville, KY 40208
      View Details
    • $700,000
      5,247 SF

      Old Louisville 5-Unit Condo

      Historic 5-unit condo building in Old Louisville for sale.
      1417 S 3Rd St, Louisville, KY 40208
      View Details
    • $315,000
      1,768 SF

      1143 S 6th St

      Life science properties • 1,768 SF
      1143 6Th St, Louisville, KY 40203
      View Details
    • Contact for pricing
      3,150 SF

      Versatile Retail/Automotive Space in Louisville

      3,150 SF building suitable for retail or vehicle-related enterprises.
      105 East Hill St, Louisville, KY 40217
      View Details
    • New
      $450,000
      4,795 SF

      Updated Multifamily Building with Five Units

      Updated five-unit multifamily building with brick exterior and cellar basement.
      624 Street Catherine St W, Louisville, KY 40203
      View Details
    • $630,000
      Pending

      Multi-Unit Property Near University

      Five-unit multi-family property near university with income potential.
      1633 S 4Th St, Louisville, KY 40208
      View Details
    • $775,000
      8,640 SF

      Galerie Hertz: Mixed-Use Investment Opportunity

      Historic Louisville building, 6 units, high ceilings.
      1253 Preston St, Louisville, KY 40203
      View Details
    • $299,900
      2,510 SF

      Rare Zoned Duplex Money Maker

      Income-generating duplex near Germantown, UofL, and downtown Louisville.
      1273 S Preston St, Louisville, KY 40203
      View Details
    • $1,750,000
      25,376 SF

      Louisville Warehouse - Prime Location

      Spacious warehouse, ideal owner-user, excellent access.
      955-957 3Rd St, Louisville, KY 40203
      View Details
    • $375,000
      3,250 SF

      Cash Flowing Multifamily Investment

      Five-unit building near Downtown Louisville with strong rental income.
      952 S 6Th St, Louisville, KY 40203
      View Details
    • $5,000,000
      34,555 SF

      Louisville Multifamily Value-Add Opportunity

      46 Units, 100% Occupancy, High Potential
      0 College Ct, Louisville, KY 40203
      View Details

    Nearby Similar for Sale

    • $250,000
      5,446 SF

      Victorian Multi-Family Building in Louisville

      Spacious three-story Victorian multi-family building with fireplaces.
      Louisville, KY 40203
      View Details
    • $600,000
      3,883 SF

      Historic Highlands Triplex Opportunity

      Charming triplex in Louisville's desirable Highlands/Parkside corridor.
      2073 Sherwood Ave, Louisville, KY 40205
      View Details
    • $670,000
      3,731 SF

      Louisville Commercially Zoned Rental Property

      Commercially zoned rental property in Louisville, operating as mid-term rental.
      320 E College St, Louisville, KY 40203
      View Details
    • New
      $349,900
      3,448 SF

      Renovated Home Plus Quadplex

      Unique investment: renovated home plus quadplex on large lot.
      1731 Meyers Ln, Louisville, KY 40216
      View Details
    • $349,900
      0.95 Acres

      Louisville Commercial Property For Sale

      Versatile commercial property with redevelopment potential in Louisville, Kentucky.
      2114 W Market St, Louisville, KY 40212
      View Details
    • $349,900
      0.95 Acres

      Louisville Commercial Redevelopment Opportunity

      Three-story commercial property with redevelopment potential on a high-visibility corner.
      2114 W Market St, Louisville, KY 40212
      View Details
    • $384,999
      2,295 SF

      Highlands Duplex Investment Opportunity

      Duplex in the Highlands, ideal for investors or owner-occupants.
      1801 Tyler Pkwy, Louisville, KY 40204
      View Details
    • New
      $450,000
      4,795 SF

      Updated Multifamily Building with Five Units

      Updated five-unit multifamily building with brick exterior and cellar basement.
      624 Street Catherine St W, Louisville, KY 40203
      View Details
    • New
      $154,900
      1,143 SF

      Updated Duplex in Downtown Louisville

      Updated duplex with cash-flow potential near downtown Louisville.
      1443 S 32Nd St, Louisville, KY 40211
      View Details
    • New
      $349,000
      1,972 SF

      Updated Duplex with Hardwood Floors

      Updated duplex with original hardwood floors, ideal for investors.
      125 Pope St, Louisville, KY 40206
      View Details
    • $435,000
      2,734 SF

      Baxter Avenue Highlands Duplex

      Corner-lot duplex in Louisville's coveted Highlands neighborhood.
      1100 Baxter Ave, Louisville, KY 40204
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Historic Charm, High NOI, Strong Cash Flow
    Where is this multifamily property located?
    The property is located at 1337 4Th St Louisville, KY.
    What is the asking price?
    The asking price for this property is $1,250,000.
    Request Owner's contact information
    1337 4Th St Louisville, KY 40208
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1337 4Th St
    Louisville, KY 40208
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1337 4Th St Louisville, KY 40208
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.