5-Unit Apartment
For Sale
$390,000
947 S Brook St, Louisville, KY 40203
Renovated multifamily property with a mix of one- and two-bedroom apartments.
Property Size3,562 SF
Price / SF$109.49
Days on Market55
Property Features for 947 S Brook St
General Information
Standard status
Active
Size
3,562 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Smoketown
Units
Unit Mix
4 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
5
Building Details
Year Built
1880
Year Renovated
2017
Listing Agency:
Legacy Property Group
Listed By:
Kyle Elmore · License #262211
(502) 389-9920
Source:
Whitepicketky
Added: Sep 5
Changed: Oct 27
Last Checked: Oct 28 at 7:47AM
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 Legacy Property Group
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Investment Insights
Based on property information with market context.
This apartment building contains five units within a 3,562-square-foot property. The configuration includes four one-bedroom, one-bath apartments and one two-bedroom, one-bath unit. Four apartments are reached through the front foyer, while the fifth has a separate side entrance.
Originally built in 1880, the property underwent a full renovation in 2016/2017 and received additional updates in 2025. The residential layout and varied unit mix provide a straightforward multifamily configuration at 947 S Brook St in Louisville, Kentucky.
Originally built in 1880, the property underwent a full renovation in 2016/2017 and received additional updates in 2025. The residential layout and varied unit mix provide a straightforward multifamily configuration at 947 S Brook St in Louisville, Kentucky.
Key Highlights
- Five apartment units totaling 3,562 square feet
- Four one‑bedroom, one‑bath apartments
- One two‑bedroom, one‑bath apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,241
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,820
$484.8K
Cap Rate 7%
$346,300
$346.3K
Cap Rate 9%
$269,344
$269.3K
Market Conditions
NOI Build-Up for 3,562 SF
Gross rent
$46.6K $13.08/SF
− Vacancy
−$2.5K −$0.71/SF
EGI
$44.1K $12.37/SF
− OpEx
−$19.8K −$5.57/SF
NOI
$24.2K $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%
$484,820
Cap Rate 7%
$346,300
Cap Rate 9%
$269,344
Alternative Uses
Best Use
Apartment 5plus
$346.3K
$303.0K – $404.0K
NOI $24,241 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$923.3K
$807.9K – $1.08M
NOI $64,629 @ 7.0% cap · market cap 16.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
3,917
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated multifamily property with a mix of one- and two-bedroom apartments.
Where is this apartment building located?
The property is located at 947 S Brook St Louisville, KY.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Five apartment units totaling 3,562 square feet; Four one‑bedroom, one‑bath apartments; One two‑bedroom, one‑bath apartment
