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29791457
29791520

5 Locations

SG
KY KY 199560, IN IN RB19001894
eXp Commercial LLC
SH
KY KY 266524
eXp Commercial LLC
DG
KY 274341
eXp Commercial LLC
Listed by eXp Commercial LLC
$1,353,750
118 days on market
Updated 1 day ago

10-Door SFH Rental Portfolio - Wyandotte | Louisville, KY

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 11,786
Net Rentable (SqFt) 11,786
Units 10
Occupancy 70%
Price per SqFt $115
Broker Co-Op Yes
Class C
Year Built 1900 - 1998
Year Renovated 2020 -2025
Buildings 10
Investment Type Stabilized
Occupancy Date 02/17/2026
Ground Lease No
Sale Condition For sale by owner

10-Door Portfolio | Wyandotte | Louisville, KY

Marketing description

We are pleased to present this 10-property single-family rental portfolio located in the Wyandotte neighborhood of Louisville, KY.

The portfolio consists of 10 single-family homes totaling 11,786 SF and is offered at $1,425,000 ($142,500 per home). The unit mix primarily consist of 3 and 4-bedroom homes ranging from ~1000-1,400 SF.

The portfolio currently generates $8,837 in monthly in-place rent, with three rent-ready vacancies actively being marketed, bringing total gross potential rent to $12,437 per month ($149,244 annually) once fully stabilized.

The properties feature an average tenant tenure of approximately 22 months, market-rate tenancy, and tenants pay all utilities. Most homes have received updates including kitchen finishes, LVP/wood flooring, roof replacements, and HVAC improvements.

Recent comparable sales in the surrounding 40214 / 40215 submarkets range approximately $128,700 – $223,000 per home, supporting portfolio pricing within current neighborhood valuation metrics.

The portfolio is offered as a package only.

This is an attractive opportunity for investors seeking a value-add portfolio with lease-up upside, 1031 exchange buyers, and operators looking to expand their Louisville footprint through stabilized and near-stabilized workforce housing.

Investment highlights

Investment Highlights:

  • Purchase Price: $1,425,000

  • Price Per Home: $142,500

  • Total Units: 10 Single-Family Homes

  • Total SF: 11,786

  • Current Monthly Rent: $8,837

  • Gross Potential Rent: $12,437/month

  • Gross Potential Annual Income: $149,244

  • Average Tenant Tenure: ~22 Months

  • Unit Mix: 2BR / 3BR / 4BR Homes

  • Year Built Range: 1900 – 1998

  • Utilities: Tenants Pay All Utilities

  • Most Homes Updated: Kitchens, LVP/Wood Floors, HVAC & Roof Improvements

  • Portfolio Offered as a Package Only

Demographics:

  • Median Age: 31-37 years

  • Median Household Income: $52,000 - $54,000/annually

  • Average Household Size: ~2.9 persons

  • Renter Occupied Housing: 50% – 70%

Nearby Points of Interest:

  • Wyandotte Park

  • Iroquois Park

  • Churchill Downs

  • Interstate 264

  • Muhammad Ali International Airport

Listing Contacts

SG
KY KY 199560, IN IN RB19001894
eXp Commercial LLC
SH
KY KY 266524
eXp Commercial LLC
DG
KY 274341
eXp Commercial LLC
Listed by eXp Commercial LLC

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Additional Information

Name
Stephanie Gilezan
License
KY 199560
Brokerage Phone
5028176484
Name
Sam Higdon
License
KY 266524
Brokerage
eXp Realty, LLC
Brokerage Phone
5023063635
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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