Furnished Duplex Investment
1108 Queen Ave, Louisville, KY 40215
MULTI_FAMILY - Other - Louisville, KY
Property size:
1,710 SFLot size:
0.10 AcresPrice / SF:
$118/SF- Added:
- Jan 5, 2026
- Days on Market:
- 131
- Last Refresh:
- May 16 at 7:06 pm
Property Features for 1108 Queen Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 1, Dining Room, Bedroom 2
- Patio and Porch features
- Porch, Deck
- Standard status
- Active
- APN
- 11051D01570000
- Size
- 1,710 SF
- Lot size
- 0.10 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1907
- Number of units
- 2
- Building materials
- Vinyl Siding, Wood Frame, Aluminum Siding
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
- Additional Structures
- Outbuilding
Listing agent Jay Pitts License #63303 (502) 384-5944
Listing office RE/MAX Premier Properties 10605 Shelbyville Road, Louisville, KY (502) 384-5944
Listing date Jan 5, 2026
MLS# 1706234
Listing URL
Copyright © 2026 Greater Louisville Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Turnkey furnished duplex: Ready for immediate occupancy or rental income.
- Two separate units (1 bed/1 bath each): Ideal for investment or owner‑occupancy with rental potential.
- Separate utilities (metered separately) and HVAC for each unit.
- Updated kitchens and bathrooms with modern open floor plans.
- Privacy fenced back yard with covered back patios and off‑street parking.
- Convenient location: Close to Churchill Downs and centrally located for easy city commute.
Overview
This furnished duplex presents an opportunity for investment or owner-occupancy, with the potential to generate rental income. The property features two separate units, each containing one bedroom and one bathroom. A privacy fence encloses the backyard, and off-street parking is available. Unit A includes a covered front porch, while both units have covered back patios extending into the backyard. Each unit is separately metered and equipped with its own HVAC system. The interiors feature modern kitchens, updated bathrooms, and an open floor plan. Furnishings are negotiable, potentially making the duplex turnkey-ready. The air conditioning unit was replaced in April 20025, and the water heater was replaced in 2023. The property is located close to Churchill Downs and offers convenient access to various parts of the city. The lot size is 0.1 acres, and the property size is 1710 square feet.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$159.9K
NOI $14,388 @ 9.00% cap · cautious / downside scenario
Moderate
$205.5K
NOI $14,388 @ 7.00% cap · market / base-case scenario
Aggressive
$287.8K
NOI $14,388 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.8k | $12.72 |
| − Vacancy | −$1.2k | −$0.70 |
| EGI | $20.6k | $12.02 |
| − OpEx | −$6.2k | −$3.61 |
| NOI | $14.4k | $8.41 |
1,710 SF · lease $12.72/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$205.5K
$179.9K – $239.8K
NOI $14,388 @ 7.0% cap · market cap 7.09%
Second Best
Apartment 5plus
$166.2K
$145.5K – $194.0K
NOI $11,637 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$443.2K
$387.8K – $517.1K
NOI $31,026 @ 7.0% cap · market cap 15.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Jefferson
- State
- Kentucky
- Longitude
- -85.779291
- Latitude
- 38.201566
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Turnkey duplex with modern amenities, ideal for investors or owner-occupants.
Where is this duplex located?
The property is located at 1108 Queen Ave Louisville, KY.
What is the asking price?
The asking price for this property is $203,000.
What are key features of this property?
This property features: Turnkey furnished duplex: Ready for immediate occupancy or rental income.; Two separate units (1 bed/1 bath each): Ideal for investment or owner‑occupancy with rental potential.; Separate utilities (metered separately) and HVAC for each unit.
