Updated Corner-Lot
For Sale
$149,900
1443 S 32nd St, Louisville, KY 40211
Multi Family, Louisville, KY
Property Size1,143 SF
Price / SF$131.15
Days on Market109
Property Features for 1443 S 32nd St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2
Patio and Porch features
Porch
Subdivision
CHURCHILL
Directions
Take Exit 3 for Virginia Ave/Dumesnil St. Merge onto S 38th St, turn slightly left onto Dumesnil St, right onto S 32nd St, Destination will be on the left.
Standard status
Active
APN
048H01310000
Size
1,143 SF
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1936
Number of units
2
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Homepage Realty
(502) 690-6685
Listed By:
The Jake Wardrip Realty Group
(502) 708-7777
Added: Jun 23
Changed: Oct 8
Last Checked: Oct 9 at 2:06PM
MLS# 1721232
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.
This ranch-style duplex at 1443 S 32nd St includes two one-bedroom, one-bath units within a 1,143-square-foot wood-frame building constructed in 1936. Both residences feature updated bathrooms, newer flooring, fresh paint, and appliances. A newer shingle roof, porch, and private on-site parking add to the property’s physical improvements. Natural gas heating, window and wall-unit cooling, public water, and public sewer serve the building.
One unit is leased under a 24-month contract. The property occupies a corner lot in Louisville’s 40211 ZIP code, with downtown employers, restaurants, and entertainment identified in the surrounding area. Its ranch configuration and two-unit layout provide a straightforward residential income property format.
One unit is leased under a 24-month contract. The property occupies a corner lot in Louisville’s 40211 ZIP code, with downtown employers, restaurants, and entertainment identified in the surrounding area. Its ranch configuration and two-unit layout provide a straightforward residential income property format.
Key Highlights
- Two one‑bedroom, one‑bath units in a 1,143‑square‑foot duplex
- One unit leased under a 24‑month contract
- Updated bathrooms, newer flooring, fresh paint, and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,618
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$192,360
$192.4K
Cap Rate 7%
$137,400
$137.4K
Cap Rate 9%
$106,867
$106.9K
Market Conditions
NOI Build-Up for 1,143 SF
Gross rent
$14.5K $12.72/SF
− Vacancy
−$800 −$0.70/SF
EGI
$13.7K $12.02/SF
− OpEx
−$4.1K −$3.61/SF
NOI
$9.6K $8.41/SF
Area
Louisville, KY
Vacancy
5.50%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$192,360
Cap Rate 7%
$137,400
Cap Rate 9%
$106,867
Alternative Uses
Best Use
Multifamily LT 5
$137.4K
$120.2K – $160.3K
NOI $9,618 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$111.1K
$97.2K – $129.7K
NOI $7,779 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$296.3K
$259.2K – $345.7K
NOI $20,739 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
Explore this area
Business Placement
Demographics for 40211, KY
21,310
Population
11,450
Households
1.9
Avg Household Size
37
Median Age
11%
College-Educated
86%
High-School Grad
7.3 sq mi
ZIP Area
2,919
Density / Sq Mi
$32,598
Median Household Income
$28,245
Median Earnings
$925
Median Rent
$97,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom residences offer refreshed interiors, private parking, and a newer roof near downtown Louisville.
Where is this duplex located?
The property is located at 1443 S 32nd St Louisville, KY.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Two one‑bedroom, one‑bath units in a 1,143‑square‑foot duplex; One unit leased under a 24‑month contract; Updated bathrooms, newer flooring, fresh paint, and appliances
