1348 S Brook St Louisville, KY 40208
MULTI_FAMILY - Bungalow - Louisville, KY
- Added:
- Jul 8, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 12 at 4:06 pm
Property Features for 1348 S Brook St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Basement, Bathroom 2
- Patio and Porch features
- Deck
- Standard status
- Active
- APN
- 08032F00350000
- Size
- 2,312 SF
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air, Ductless
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 3
- Building materials
- Brick
- Roof type
- Shingle
- Architectural style
- Bungalow
Listing agent Ethan J Adams License #244623 (502) 558-8193
Listing office EXP Realty LLC 2303 Hurstbourne Vlg Dr. #300, Prospect, KY (888) 624-6448
Listing date Jul 8, 2026
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.
Investment Insights
Based on property information with market context.
The property is located at 1348 S Brook St in Louisville, KY 40208. It is described as being in the Old Louisville area, just steps from St. James Court and minutes from the University of Louisville.
For an owner looking for an income-producing structure, the arrangement offers three separate residential units. The detached garage is generating additional monthly rent as rented storage space, and the remarks indicate $2,045 per month currently, with one unit still available for $1,100. This configuration can support a traditional rental portfolio or a house-hack approach where an owner occupies one unit and rents the others.
Key Highlights
- Triplex with three 1‑bedroom, 1‑bathroom units
- Detached 2‑car garage rented as storage for $145/month
- Reported monthly income of $2,045/month, with one unit still available for $1,100
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.4k | $12.72 |
| − Vacancy | −$1.6k | −$0.70 |
| EGI | $27.8k | $12.02 |
| − OpEx | −$8.3k | −$3.61 |
| NOI | $19.5k | $8.41 |
