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162 Thierman Ln 16 Unit Apartment Building $719,098 CAD ($44,944 CAD/Unit) Louisville, KY 40207
Investment Highlights
- Premier location proximate to high-end retail and well-established neighborhoods
- Located in St. Matthews near Shelbyville Road
- 2 BR/1BA value-add opportunity
- Separately-metered LG&E
Executive Summary
Situated in the heart of St. Matthews, this rare multifamily opportunity benefits from one of the most desirable infill locations in the city. Offered by an estate, the property will be delivered with three of four units vacant—providing immediate upside for investors to implement a value-add strategy and lease at market rates.
The asset features well-designed 2-bedroom, 1-bath units and is separately metered for LG&E, ensuring operational efficiency. A full basement contains washer/dryer hookups for tenants. Ideally positioned between Shelbyville Road and Westport Road, the property benefits from close proximity to premier retail corridors and established single-family neighborhoods.
Opportunities of this caliber are exceedingly rare—combining a trophy location with significant value-add potential.
The asset features well-designed 2-bedroom, 1-bath units and is separately metered for LG&E, ensuring operational efficiency. A full basement contains washer/dryer hookups for tenants. Ideally positioned between Shelbyville Road and Westport Road, the property benefits from close proximity to premier retail corridors and established single-family neighborhoods.
Opportunities of this caliber are exceedingly rare—combining a trophy location with significant value-add potential.
Property Facts
| Price | $719,098 CAD | Building Class | C |
| Price Per Unit | $44,944 CAD | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 3,108 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 6.5/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R7-RESIDEN - Residential Multifamily District | ||
| Price | $719,098 CAD |
| Price Per Unit | $44,944 CAD |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 3,108 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 6.5/1,000 SF |
| Zoning | R7-RESIDEN - Residential Multifamily District |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 002002260000 | Improvements Assessment | $996,368 CAD |
| Land Assessment | $209,045 CAD | Total Assessment | $1,205,413 CAD |
Property Taxes
Parcel Number
002002260000
Land Assessment
$209,045 CAD
Improvements Assessment
$996,368 CAD
Total Assessment
$1,205,413 CAD
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162 Thierman Ln
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