Five-Unit Brick Apartment
For Sale
$390,000
947 S Brook St, Louisville, KY 40203
Multi Family, Louisville, KY
Property Size3,562 SF
Lot Size0.12 Acres
Price / SF$109.49
Days on Market51
Property Features for 947 S Brook St
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
7
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Basement, Bedroom 3, Bedroom 6, Bedroom 7, Bedroom 5, Bedroom 4, Bedroom 1, Bathroom 1
Lot features
Corner Lot
Directions
South Brook Street near Kentucky St
Subdivision
00-Central Downtown District/Old Louisville
Standard status
Active
APN
08030F00090000
Size
3,562 SF
Lot size
0.12 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1880
Number of units
5
Building materials
Brick
Roof type
Shingle
Architectural style
Other
Listing Agency:
EXP Realty LLC
(888) 624-6448
Listed By:
Anne Mayhugh
(888) 624-6448
Added: Sep 3
Changed: Oct 19
Last Checked: Oct 23 at 10:06AM
MLS# 1728155
Copyright © 2026 Greater Louisville 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.
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Investment Insights
Based on property information with market context.
This 3,562-square-foot apartment building contains five units: four one-bedroom, one-bath apartments and one two-bedroom, one-bath apartment. Four residences are reached through the front foyer, while the remaining unit has a separate side entrance. The property is a brick structure originally built in 1880, with renovation work completed in 2016/2017 and additional updates in 2025.
Situated at 947 S Brook St in Louisville, the 0.12-acre property is served by public water and public sewer. Building systems include forced-air, natural-gas heating and central air conditioning, with a shingle roof. The property is located in Jefferson County, within ZIP Code 40203.
Situated at 947 S Brook St in Louisville, the 0.12-acre property is served by public water and public sewer. Building systems include forced-air, natural-gas heating and central air conditioning, with a shingle roof. The property is located in Jefferson County, within ZIP Code 40203.
Key Highlights
- Five apartment units: four 1‑bedroom/1‑bath units and one 2‑bedroom/1‑bath unit
- 3,562 square feet on a 0.12‑acre lot
- Renovated in 2016/2017 and updated in 2025
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.
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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 and separate entry arrangements.
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: four 1‑bedroom/1‑bath units and one 2‑bedroom/1‑bath unit; 3,562 square feet on a 0.12‑acre lot; Renovated in 2016/2017 and updated in 2025
