Duplex with Separate Outdoor
For Sale
$457,500
1025 S 1st Street, Louisville, KY 40203
Residential, Louisville, KY
Property Size2,975 SF
Lot Size0.11 Acres
Price / SF$153.78
Days on Market10
Property Features for 1025 S 1st Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Laundry Room, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 4, Bedroom 5, Bedroom 2, Basement, Bathroom 1
Parking features
On Street
Elementary school
Engelhard
Middle school
Meyzeek
High school
Iroquois
Elementary school district
Jefferson County - 52
Middle school district
Jefferson County - 52
High school district
Jefferson County - 52
Directions
From I-65, take Exit 136 for Jefferson Street. Follow Jefferson Street west toward downtown Louisville, then turn left onto S. 1st Street. Continue south on S. 1st Street, passing through the Old Louisville area. 1025 S. 1st Street will be on the right, between E. Kentucky Street and W. Saint Catherine Street.
Subdivision
052 - Jefferson County
Standard status
Active
APN
08030G00570000
Size
2,975 SF
Lot size
0.11 Acres
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
backyard
deck
patio
Building Details
Year built
1900
Floors in Building
2
Building materials
Brick
Roof type
Shingle
Listing Agency:
Totally About Houses
(502) 306-3580
Listed By:
Deanndra Mason
(502) 219-8204
Added: Sep 28
Changed: Oct 2
Last Checked: Oct 7 at 1:06PM
MLS# 26026823
Copyright © 2026 ImagineMLS. 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 2,975-square-foot brick duplex, built in 1900, contains two apartments: a lower-level 2-bedroom, 2-bath unit and an upper-level 3-bedroom, 2-bath unit. The upper apartment is leased, and its lease transfers to the next owner. Separate outdoor areas include a deck for the upper unit and a patio for the lower unit.
An unfinished 671-square-foot basement has spray foam insulation and a protective coating; the attic is insulated as well. Parking is available at the rear and along the street. The property is in Louisville, near downtown amenities.
An unfinished 671-square-foot basement has spray foam insulation and a protective coating; the attic is insulated as well. Parking is available at the rear and along the street. The property is in Louisville, near downtown amenities.
Key Highlights
- 2,975‑square‑foot duplex with two apartments
- Lower unit: 2 bedrooms and 2 bathrooms; upper unit: 3 bedrooms and 2 bathrooms
- Upper apartment is leased, with the lease transferring to the new owner
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,032
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,640
$500.6K
Cap Rate 7%
$357,600
$357.6K
Cap Rate 9%
$278,133
$278.1K
Market Conditions
NOI Build-Up for 2,975 SF
Gross rent
$37.8K $12.72/SF
− Vacancy
−$2.1K −$0.70/SF
EGI
$35.8K $12.02/SF
− OpEx
−$10.7K −$3.61/SF
NOI
$25.0K $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%
$500,640
Cap Rate 7%
$357,600
Cap Rate 9%
$278,133
Alternative Uses
Best Use
Multifamily LT 5
$357.6K
$312.9K – $417.2K
NOI $25,032 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$289.2K
$253.1K – $337.4K
NOI $20,246 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$771.1K
$674.7K – $899.6K
NOI $53,978 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,808
Businesses Nearby
Explore this area
Business Placement
Demographics for 40203, KY
16,801
Population
10,754
Households
1.6
Avg Household Size
37
Median Age
22%
College-Educated
86%
High-School Grad
2.9 sq mi
ZIP Area
5,793
Density / Sq Mi
$31,430
Median Household Income
$32,581
Median Earnings
$828
Median Rent
$179,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - The upper apartment has an existing lease that will transfer with the sale.
Where is this duplex located?
The property is located at 1025 S 1st Street Louisville, KY.
What is the asking price?
The asking price for this property is $457,500.
What are key features of this property?
This property features: 2,975‑square‑foot duplex with two apartments; Lower unit: 2 bedrooms and 2 bathrooms; upper unit: 3 bedrooms and 2 bathrooms; Upper apartment is leased, with the lease transferring to the new owner
