1562 9Th StLouisville, KY 40208

For Sale
$300,000

Prime 5-unit apartment building, high growth potential.

Overview

Added:
Dec 11, 2024
Days on market:
95
This exceptional investment property, located at 1562 S 9th St, Louisville, KY 40208, presents a compelling opportunity for growth and long-term returns. The 4,628 square foot multifamily building sits on a 0.25-acre lot and is currently configured as a five-unit apartment complex – one unit on the first floor and four on the second. The property boasts 1,874 square feet of unfinished space on the first floor, already framed for potential conversion into additional rental units or commercial space. This flexibility is further enhanced by its EZ-1 Enterprise Zone District zoning, allowing for a variety of development options. The property's strategic location less than half a mile from three student housing complexes and one mile from the University of Louisville campus makes it ideally suited for student or young professional housing. Ample parking is available. The asking price is $300,000, representing a price per unit of $60,000 and a price per square foot of $64.82. The property's current configuration and zoning provide the potential to add 2-3 more apartment units or lease the first floor to a commercial tenant, significantly increasing the property's income potential. This is a rare opportunity to acquire a competitively priced multifamily property with significant upside in a high-demand location. The Jefferson County APN is 042CSROW0000.

Highlights

  • Prime location: <0.5 miles from 3 student housing complexes & 1 mile from University of Louisville, ideal for student/young professional housing.
  • Five existing apartments plus potential for 2-3 additional units, or ground floor commercial lease.
  • EZ-1 zoning allows for versatile use & maximized ROI.

Property Details for 1562 9Th St

Property type
Multifamily properties, Apartment buildings
Square Feet
4,628 SF
Lot Size (sq. ft)
10,890 SF
Units
5

Location Insight

City
Louisville
County
Jefferson
State
Kentucky
Latitude
38.2247853
Longitude
-85.7708065
1562 9Th St, Louisville, Kentucky

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1562 9Th St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message