1225 S 6th St - Apartments FOR SALE


Louisville, KY 40203- Old Louisville
$1,500,000 USD
513-405-0251
1225 S 6th St, Louisville, KY for Sale
$1,500,000 USD
Apartments - FOR SALE
1/22
null | 7.35% Cap Rate

1225 S 6th St
Louisville, KY 40203
Old Louisville


HIGHLIGHTS

  • $110K NOI at 94.5% occupancy | 7.35% cap (7.58% normalized) | 4.5 years documented operations
  • Revenue grew 68% since 2021 ($105K ? $177K) | Repositioning complete — buying stabilized income, not a project
  • Recent capex: Main HVAC 2023, plumbing lines 2024-2025 | 19 off-street parking spaces | Opportunity Zone eligible

OVERVIEW

The Flats on Sixth is a stabilized multifamily asset in Old Louisville, offering institutional-quality income with documented upside from a proven hybrid business model. The asset reflects an operational transformation from a 2021 acquisition at $1.0M with $105K annual revenue and $62K NOI to a current profile of $177K annual revenue and $110K+ NOI, offered at a 7.35% stabilized cap rate (7.56% normalized) with a clear pathway to 7.67%+ in 2026. Direct inquiries welcome. Brokers protected.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$209 USD /SF

# OF UNITS

16

PRICE/UNIT

$93,750

CAP RATE

7.35%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Flats on Sixth

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

TNZD-TRADI

APN/PARCEL ID

032A00110000

ASK ABOUT THIS PROPERTY

Michael DowneyThe Flats on Sixth, LLCMore Info
513-405-0251

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Michael DowneyThe Flats on Sixth, LLCMore Info
513-405-0251

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.