1909 San Jose Ave - Apartments FOR SALE


Louisville, KY 40216- Shively
$950,000 USD
502-468-7553
1909 San Jose Ave, Louisville, KY for Sale
$950,000 USD
Apartments - FOR SALE
1/19
null | 7.8% Cap Rate

1909 San Jose Ave
Louisville, KY 40216
Shively


OVERVIEW

This well-maintained 12-plex sits on a desirable corner lot with ample off-street parking, making it highly attractive to tenants. The property has seen numerous updates, including the addition of a coin-operated laundry facility in the basement—providing both tenant convenience and an additional income stream. The current rent roll is $9,050/month, with scheduled increases bringing it to $9,400/month as of June 1, 2026. Over the past two years, ownership has successfully increased rents from $6,575 to current levels, demonstrating proven upside and continued value-add potential. Operating at a solid 7.8% cap rate, this asset offers strong cash flow with room for further growth. A turnkey investment that is easy to manage and positioned for continued income expansion. Strong rent roll with performing steady growth! Great location, easy to rent! Coin laundry for extra income and onsite convenience for tenants, plenty of parking!

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$103 USD /SF

# OF UNITS

12

PRICE/UNIT

$79,167

CAP RATE

7.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grandview Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

R5-RESIDEN

APN/PARCEL ID

109300230000

ASK ABOUT THIS PROPERTY

Heather AllenGenesis Realty, LlcMore Info
502-468-7553

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Heather AllenGenesis Realty, LlcMore Info
502-468-7553

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