5-Unit Apartment
For Sale
$345,000
930 S 1st St, Louisville, KY 40203
Fully occupied multifamily property offered in its existing condition with established residential income.
Property Size4,096 SF
Price / SF$84.23
Days on Market65
Property Features for 930 S 1st St
General Information
Standard status
Active
Size
4,096 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
5
Building Details
Year Built
1885
Listing Agency:
Weichert Realtors-H. Barry Smith Co
Listed By:
Kyle Elmore · License #262211
(502) 389-9920
Source:
Whitepicketky
Added: Aug 12
Changed: Oct 13
Last Checked: Oct 14 at 11:04PM
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 Weichert Realtors-H. Barry Smith Co
Investment Insights
Based on property information with market context.
This 5-unit multifamily property was built in 1885 and is offered for sale as-is. The building contains 4,096 square feet and is currently 100% occupied, providing an established residential operating profile.
Located at 930 S 1st St in Louisville, the property may be purchased individually or alongside 932, 936, and 938 S. 1st Street as part of a larger portfolio. Financial information is available upon request.
Located at 930 S 1st St in Louisville, the property may be purchased individually or alongside 932, 936, and 938 S. 1st Street as part of a larger portfolio. Financial information is available upon request.
Key Highlights
- 5‑unit multifamily property
- 100% occupied
- 4,096 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,875
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,500
$557.5K
Cap Rate 7%
$398,214
$398.2K
Cap Rate 9%
$309,722
$309.7K
Market Conditions
NOI Build-Up for 4,096 SF
Gross rent
$53.6K $13.08/SF
− Vacancy
−$2.9K −$0.71/SF
EGI
$50.7K $12.37/SF
− OpEx
−$22.8K −$5.57/SF
NOI
$27.9K $6.81/SF
Area
Louisville, KY
Vacancy
5.40%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,500
Cap Rate 7%
$398,214
Cap Rate 9%
$309,722
Alternative Uses
Best Use
Apartment 5plus
$398.2K
$348.4K – $464.6K
NOI $27,875 @ 7.0% cap · market cap 8.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$929.0K – $1.24M
NOI $74,318 @ 7.0% cap · market cap 21.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,970
Businesses Nearby
Explore this area
Business Placement
Demographics for 40203, KY
16,801
Population
10,754
Households
1.6
Avg Household Size
37
Median Age
22%
College-Educated
86%
High-School Grad
2.9 sq mi
ZIP Area
5,793
Density / Sq Mi
$31,430
Median Household Income
$32,581
Median Earnings
$828
Median Rent
$179,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily property offered in its existing condition with established residential income.
Where is this apartment building located?
The property is located at 930 S 1st St Louisville, KY.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 5‑unit multifamily property; 100% occupied; 4,096 square feet
