1337 4Th St Louisville, KY 40208
Sponsored
For Sale
$1,250,000
Historic Charm, High NOI, Strong Cash Flow
Property size:
10,104 SFDescription
- 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
Nearby Similar for Sale
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.