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Five-Unit Apartment Building

938 S 1st Street, Louisville, KY 40203

For Sale
$375,000

Multi-Family, Louisville, KY

Property SizeContact for details
Lot Size0.15 Acres
Days on Market97

Property Features for 938 S 1st Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 4, Bathroom 2, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 5
Parking features On Street
Lot features In City Limits
Directions From I-65, take Exit 134 for St. Catherine St. Head west on St. Catherine St., then turn right onto S. 1st Street. Property is on the left between W. Kentucky Street and W. Breckinridge Street in the heart of Old Louisville.
Subdivision Jefferson County
Standard status Active
Lot size 0.15 Acres

Additional Details

Tenant in Place Yes

Building Details

Year built 1900
Number of units 5
Listing Agency: RE/MAX FIVE STAR PROPERTIES
Listed By: Nicole Barrett
Added: Aug 10 Changed: Oct 28 Last Checked: Nov 14 at 2:06AM
MLS# HK2603344

Copyright © 2026 Heart of Kentucky Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This five-unit apartment property in Louisville’s Old Louisville area was constructed in 1900 and is currently 100% occupied. The offering is conveyed in its as-is condition and includes on-street parking. The property sits on a 0.15-acre lot and includes a bedroom-and-bathroom configuration documented across the units.

The asset may be acquired on its own or together with 930, 932, and 936 S. 1st Street as part of a larger portfolio offering. Its Louisville location places the property within Jefferson County and the 40203 postal area.

Key Highlights

  • Five‑unit apartment property
  • 100% occupied
  • Built in 1900

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

5
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

3,970
Businesses Nearby

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
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Market

Average Price Trend$/SF for Apartment buildings in Louisville, KY

$120 Jul
$118 Aug
$118 Sep
$114 Oct

Properties on Market for Apartment buildings in Louisville

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied property with on-street parking and as-is condition.
Where is this apartment building located?
The property is located at 938 S 1st Street Louisville, KY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Five‑unit apartment property; 100% occupied; Built in 1900
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