1229 S 4th St - Apartments FOR SALE


Louisville, KY 40203- Old Louisville
$895,000 USD
502-384-4991
1229 S 4th St, Louisville, KY for Sale
$895,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

1229 S 4th St
Louisville, KY 40203
Old Louisville


HIGHLIGHTS

  • Twelve-unit mix consisting of studios, one-bedroom, and two-bedroom apartments.
  • Major capital improvements include a new carriage house roof (2025) and upgraded parking lot.
  • Individually metered units with dedicated HVAC systems and water billing allocation.
  • On-site amenities include seven surface parking spaces plus a two-car garage.
  • Close to the University of Louisville, Cardinal Towne, Churchill Downs, and downtown.
  • Easy connection to I-65 providing direct commuter access to surrounding employment centers.

OVERVIEW

This 12-unit multifamily property in Louisville’s renowned Old Louisville neighborhood offers investors a rare combination of historic appeal and long-term operational stability. The building features an appealing mix of two-bedroom, one-bedroom, and studio units, each individually metered to minimize landlord expenses. Recent upgrades, including a 2025 carriage house roof replacement, a newly paved parking lot, and refinished hardwood floors, bolster property value and tenant satisfaction. The asset includes seven dedicated parking spaces, a two-car garage, and an unfinished basement for storage, providing added utility and convenience. Individual HVAC systems and prorated water billing enhance efficiency across all units. Its location near the University of Louisville, Cardinal Towne, and downtown Louisville ensures consistent rental demand from students and professionals. Proximity to Churchill Downs and I-65 further strengthens accessibility and desirability for tenants. This property offers dependable income potential and positions investors to capitalize in a steadily performing market.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$79 USD /SF

# OF UNITS

12

PRICE/UNIT

$74,583

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,975 SF

ZONING

TNZD-TRADI

APN/PARCEL ID

032A00740000

ASK ABOUT THIS PROPERTY

John RendeiroEncore Realty GroupMore Info
502-384-4991

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John RendeiroEncore Realty GroupMore Info
502-384-4991

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