Five-Unit Brick Apartment
For Sale
$300,000
952 S 6th St, Louisville, KY 40203
Multi Family, Louisville, KY
Property Size3,250 SF
Lot Size0.15 Acres
Price / SF$92.31
Days on Market55
Property Features for 952 S 6th St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
Subdivision
LIMERICK
Lot features
Sidewalk
Directions
W Breckenridge St to S 6th St, property on right.
Standard status
Active
APN
08029E00650000
Size
3,250 SF
Lot size
0.15 Acres
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Ductless
Water source
Public
Building Details
Year built
1928
Number of units
5
Building materials
Brick
Roof type
Asphalt, Flat
Listing Agency:
United Real Estate Louisville
(502) 509-4498
Listed By:
Samuel Ault · License #271696
(502) 229-0166
Added: Aug 24
Changed: Oct 8
Last Checked: Oct 17 at 8:06PM
MLS# 1727191
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 3,250-square-foot apartment building contains five units within a brick and stone structure constructed in 1928. Four units have received recent cosmetic renovations, while ductless mini-split heating and cooling systems have been added throughout. The roof has also been replaced, and the property includes a basement, public water, and public sewer.
Separate electric meters provide a defined utility configuration for the building. The property sits on a 0.15-acre parcel at 952 S 6th St in Louisville’s Old Louisville/Limerick area. The units were vacated by the current owners, leaving the five-unit layout available for a new leasing program.
Separate electric meters provide a defined utility configuration for the building. The property sits on a 0.15-acre parcel at 952 S 6th St in Louisville’s Old Louisville/Limerick area. The units were vacated by the current owners, leaving the five-unit layout available for a new leasing program.
Key Highlights
- Five‑unit apartment building totaling 3,250 square feet
- 0.15‑acre parcel at 952 S 6th St, Louisville, KY 40203
- Brick and stone construction completed in 1928
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,118
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,360
$442.4K
Cap Rate 7%
$315,971
$316.0K
Cap Rate 9%
$245,756
$245.8K
Market Conditions
NOI Build-Up for 3,250 SF
Gross rent
$42.5K $13.08/SF
− Vacancy
−$2.3K −$0.71/SF
EGI
$40.2K $12.37/SF
− OpEx
−$18.1K −$5.57/SF
NOI
$22.1K $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%
$442,360
Cap Rate 7%
$315,971
Cap Rate 9%
$245,756
Alternative Uses
Best Use
Apartment 5plus
$316.0K
$276.5K – $368.6K
NOI $22,118 @ 7.0% cap · market cap 7.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$842.4K
$737.1K – $982.8K
NOI $58,968 @ 7.0% cap · market cap 19.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,856
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Brick five-unit property with a replaced roof, ductless HVAC, and four cosmetically renovated units.
Where is this apartment building located?
The property is located at 952 S 6th St Louisville, KY.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Five‑unit apartment building totaling 3,250 square feet; 0.15‑acre parcel at 952 S 6th St, Louisville, KY 40203; Brick and stone construction completed in 1928
