4204 Billtown Rd, Louisville, KY 40299
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
4204 Billtown Rd,Louisville, KY 40299
$415,000
- 8 Beds
- 4 Baths
- 3,360 sq. ft.
- Multi-family
- Pending
Listed by:jason farabee
Office:the agency louisville
MLS#:1694464
Source:KY_MSMLS
Price summary
- Price:$415,000
- Price per sq. ft.:$123.51
About this home
Introducing 4204 & 4210 Billtown Rd, offering a rare chance to acquire 2 classic 4-unit apartment buildings in Jeffersontown. These well-maintained brick multifamily properties combine income potential with long-term growth. Each solid brick building features four 2-bedroom, 1-bath units with functional floor plans ideal for stable tenancy and easy management. The timeless exterior and efficient layouts make these buildings both low-maintenance and appealing to renters. Positioned in the east end, one of Louisville's most sought-after markets, these properties benefit from a strong rental demand, community-driven atmosphere, and proximity to major employers, shopping, and parks. Whether you're expanding your real estate portfolio or looking for a strategic foothold in a high-demand area, this is an opportunity you don't want to miss. Current rents are $925/month for each of the units. All units are occupied and on month-to-month leases that were renewed July 1, 2025. Current NOI is $32,829 with a cap rate of 7.91%. With projected rents of of $1,000 per unit per month the projected NOI is $36,429 with a 8.78% cap rate. NOI includes the expenses for pest control, property taxes, common area electric, water, trash and insurance. This property can be sold in a pack with 4204 Billtown Rd & 3218 Orchard Manor Circle for a total of 12 units with projected cash flow of $144,000, projected NOI of $109,104 and a combined projected cap rate of 8.76%. Income Statement, Rent Roll and list of Improvements is available.
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Home facts
- Year built:1971
- Listing ID #:1694464
- Added:51 day(s) ago
- Updated:September 02, 2025 at 07:16 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Living area:3,360 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:FORCED AIR, Natural gas
Structure and exterior
- Year built:1971
- Building area:3,360 sq. ft.
- Lot area:0.18 Acres
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$415,000
- Price per sq. ft.:$123.51
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