Updated Historic
For Sale
$449,000
Pending
925 E Washington St, Louisville, KY 40206
Three residences feature refreshed kitchens, private outdoor areas, loft spaces, and off-street parking in an urban Louisville setting.
Property Size2,815 SF
Days on Market48
Property Features for 925 E Washington St
General Information
Standard status
Pending
Size
2,815 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Butchertown
Building Details
Year Built
1900
Listing Agency:
All Care Real Estate
Listed By:
RE Solutions
(502) 219-3500
Source:
Resolutions
Added: Sep 11
Changed: Oct 27
Last Checked: Oct 28 at 8:19AM
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 All Care Real Estate
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Investment Insights
Based on property information with market context.
This historic triplex, built in 1900, contains three distinct residences with open main living areas and individual interior character. Each unit has a newly installed high-end kitchen, fresh interior paint, private outdoor space, decorative fireplaces, original hardwood floors, pocket doors, and a loft suitable for flexible use. Custom metal balcony railings and off-street parking add further functionality to the property.
The property is located at 925 E Washington St in Louisville, with access to NuLu, Lynn Family Soccer Stadium, Butchertown, downtown Louisville, restaurants, entertainment, shopping, and major employers. Its combination of historic architectural elements and recent interior improvements supports both multifamily ownership and owner-occupant use.
The property is located at 925 E Washington St in Louisville, with access to NuLu, Lynn Family Soccer Stadium, Butchertown, downtown Louisville, restaurants, entertainment, shopping, and major employers. Its combination of historic architectural elements and recent interior improvements supports both multifamily ownership and owner-occupant use.
Key Highlights
- Three‑unit multifamily property built in 1900
- New high‑end kitchens installed in all 3 units
- Private outdoor spaces with custom metal balcony railings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,686
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,720
$473.7K
Cap Rate 7%
$338,371
$338.4K
Cap Rate 9%
$263,178
$263.2K
Market Conditions
NOI Build-Up for 2,815 SF
Gross rent
$35.8K $12.72/SF
− Vacancy
−$2.0K −$0.70/SF
EGI
$33.8K $12.02/SF
− OpEx
−$10.2K −$3.61/SF
NOI
$23.7K $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%
$473,720
Cap Rate 7%
$338,371
Cap Rate 9%
$263,178
Alternative Uses
Best Use
Multifamily LT 5
$338.4K
$296.1K – $394.8K
NOI $23,686 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$273.7K
$239.5K – $319.3K
NOI $19,158 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$729.6K
$638.4K – $851.3K
NOI $51,075 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,235
Businesses Nearby
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Business Placement
Demographics for 40206, KY
20,196
Population
11,637
Households
1.7
Avg Household Size
38
Median Age
55%
College-Educated
95%
High-School Grad
5.8 sq mi
ZIP Area
3,482
Density / Sq Mi
$72,543
Median Household Income
$48,506
Median Earnings
$1,142
Median Rent
$276,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences feature refreshed kitchens, private outdoor areas, loft spaces, and off-street parking in an urban Louisville setting.
Where is this triplex located?
The property is located at 925 E Washington St Louisville, KY.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Three‑unit multifamily property built in 1900; New high‑end kitchens installed in all 3 units; Private outdoor spaces with custom metal balcony railings
