Two-Property Duplex
For Sale
$175,000
1031-1033 Euclid Ave, Louisville, KY 40208
Two adjacent duplex properties are offered together and remain occupied by tenants.
Property Size2,048 SF
Price / SF$85.45
Days on Market57
Property Features for 1031-1033 Euclid Ave
General Information
Standard status
Active
Size
2,048 SF
Property subtype
Multi-Family
Additional Details
Asking Price
$350,000
Building Details
Year Built
1915
Buildings
2
Listing Agency:
Sell With Hale Realty & Auction
Listed By:
Mike Hall
(502) 509-5131
Source:
Mlsky
Added: Aug 19
Changed: Oct 13
Last Checked: Oct 12 at 8:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sell With Hale Realty & Auction
Investment Insights
Based on property information with market context.
This offering includes two neighboring duplex properties at 1031 and 1033 Euclid Ave in Louisville. The combined property size is 2,048 square feet, with both structures dating to 1915. Tenant occupancy is in place, and property access requires advance notice for showings.
Showings must be coordinated through the listing agent, with specific instructions provided before access. The properties are offered together as a single duplex package.
Showings must be coordinated through the listing agent, with specific instructions provided before access. The properties are offered together as a single duplex package.
Key Highlights
- Two neighboring duplex properties offered together
- Combined property size of 2,048 square feet
- Both properties were built in 1915
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,938
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,760
$278.8K
Cap Rate 7%
$199,114
$199.1K
Cap Rate 9%
$154,867
$154.9K
Market Conditions
NOI Build-Up for 2,048 SF
Gross rent
$26.8K $13.08/SF
− Vacancy
−$1.4K −$0.71/SF
EGI
$25.3K $12.37/SF
− OpEx
−$11.4K −$5.57/SF
NOI
$13.9K $6.81/SF
Area
Louisville, KY
Vacancy
5.40%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,760
Cap Rate 7%
$199,114
Cap Rate 9%
$154,867
Alternative Uses
Best Use
Multifamily LT 5
$246.2K
$215.4K – $287.2K
NOI $17,232 @ 7.0% cap · market cap 9.85%
Second Best
Apartment 5plus
$199.1K
$174.2K – $232.3K
NOI $13,938 @ 7.0% cap · market cap 7.96%
Theoretical Best
Office A
$530.8K
$464.5K – $619.3K
NOI $37,159 @ 7.0% cap · market cap 21.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
Explore this area
Business Placement
Demographics for 40208, KY
17,048
Population
6,675
Households
2.6
Avg Household Size
27
Median Age
34%
College-Educated
88%
High-School Grad
2.6 sq mi
ZIP Area
6,557
Density / Sq Mi
$37,714
Median Household Income
$17,255
Median Earnings
$914
Median Rent
$153,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two adjacent duplex properties are offered together and remain occupied by tenants.
Where is this duplex located?
The property is located at 1031-1033 Euclid Ave Louisville, KY.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Two neighboring duplex properties offered together; Combined property size of 2,048 square feet; Both properties were built in 1915
