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1229 S 4th St 12 Unit Apartment Building $1,229,488 CAD ($102,457 CAD/Unit) Louisville, KY 40203
Investment Highlights
- Twelve-unit mix consisting of studios, one-bedroom, and two-bedroom apartments.
- Individually metered units with dedicated HVAC systems and water billing allocation.
- Close to the University of Louisville, Cardinal Towne, Churchill Downs, and downtown.
- Major capital improvements include a new carriage house roof (2025) and upgraded parking lot.
- On-site amenities include seven surface parking spaces plus a two-car garage.
- Easy connection to I-65 providing direct commuter access to surrounding employment centers.
Executive Summary
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.
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.
Property Facts
| Price | $1,229,488 CAD | Building Class | C |
| Price Per Unit | $102,457 CAD | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 11,288 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | TNZD-TRADI | ||
| Price | $1,229,488 CAD |
| Price Per Unit | $102,457 CAD |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 11,288 SF |
| No. Stories | 2 |
| Year Built | 1910 |
| Parking Ratio | 1.5/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | TNZD-TRADI |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
| 1+1 | 7 | - | - |
| 2+1 | 2 | - | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 032A00740000 | Improvements Assessment | $634,581 CAD |
| Land Assessment | $137,373 CAD | Total Assessment | $771,954 CAD |
Property Taxes
Parcel Number
032A00740000
Land Assessment
$137,373 CAD
Improvements Assessment
$634,581 CAD
Total Assessment
$771,954 CAD
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Presented by
Encore Realty Group
1229 S 4th St
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