4210 Billtown Rd Pending Save Request In-Person Tour Request Virtual Tour
Jeffersontown,KY 40299
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 3,360 sqft
Price per Sqft $123
MLS Listing ID 1694465
Style Traditional
Bedrooms 8
HOA Y/N No
Abv Grd Liv Area 3,360
Year Built 1971
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type Quadruplex
Source Metro Search (Greater Louisville Association of REALTORS®)
Land Area 3360
Property Description
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 $32,716 with a cap rate of 7.89%. With projected rents of of $1,000 per unit per month the projected NOI is $36,316 with a 8.75% 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.
Location
State KY
County Jefferson
Direction Billtown Rd to property
Interior
Heating Forced Air,Natural Gas
Cooling Central Air
Exterior
Exterior Feature None
View Y/N No
Roof Type Pitched,Shingle
Garage No
Building
Lot Description Sidewalk
Sewer Public Sewer
Water Public
Architectural Style Traditional
Structure Type Brick Veneer,Aluminum Siding
Others
Virtual Tour https://my.matterport.com/show/?m=yegkekpo9DH