5-Unit Apartment
For Sale
$365,000
936 S 1st St, Louisville, KY 40203
Fully occupied multifamily asset offered in as-is condition.
Property Size4,382 SF
Price / SF$83.30
Days on Market65
Property Features for 936 S 1st St
General Information
Standard status
Active
Size
4,382 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
5
Building Details
Year Built
1958
Listing Agency:
RE/MAX Five Star Properties
Listed By:
Key Associates Signature Realty
(812) 686-3268
Source:
Keyassociates
Added: Aug 12
Changed: Oct 13
Last Checked: Oct 14 at 11:28PM
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 RE/MAX Five Star Properties
Investment Insights
Based on property information with market context.
Built in 1958, this 4,382-square-foot apartment building contains five units and is reported as 100% occupied. The property is being offered in as-is condition, providing a clearly defined existing multifamily configuration at 936 S 1st St in Louisville, Kentucky.
The asset is located in Old Louisville and may be acquired individually or alongside properties at 930, 932, and 938 S. 1st Street. Financial information is available upon request.
The asset is located in Old Louisville and may be acquired individually or alongside properties at 930, 932, and 938 S. 1st Street. Financial information is available upon request.
Key Highlights
- Five‑unit apartment building
- 100% occupied
- 4,382 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,822
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,440
$596.4K
Cap Rate 7%
$426,029
$426.0K
Cap Rate 9%
$331,356
$331.4K
Market Conditions
NOI Build-Up for 4,382 SF
Gross rent
$57.3K $13.08/SF
− Vacancy
−$3.1K −$0.71/SF
EGI
$54.2K $12.37/SF
− OpEx
−$24.4K −$5.57/SF
NOI
$29.8K $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%
$596,440
Cap Rate 7%
$426,029
Cap Rate 9%
$331,356
Alternative Uses
Best Use
Apartment 5plus
$426.0K
$372.8K – $497.0K
NOI $29,822 @ 7.0% cap · market cap 8.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$993.8K – $1.33M
NOI $79,507 @ 7.0% cap · market cap 21.78%
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 asset offered in as-is condition.
Where is this apartment building located?
The property is located at 936 S 1st St Louisville, KY.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Five‑unit apartment building; 100% occupied; 4,382 square feet
