1031 Queen Ave, Louisville, KY 40215
MULTI_FAMILY - Louisville, KY
- Added:
- May 22, 2026
- Days on Market:
- 47
- Last Refresh:
- Jul 7 at 7:06 am
Property Features for 1031 Queen Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bathroom 2, Bathroom 3, Basement, Bathroom 1, Bedroom 2
- Patio and Porch features
- Deck, Porch
- Standard status
- Active
- APN
- 11051C00350000
- Size
- 1,360 SF
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1925
- Number of units
- 3
- Building materials
- Aluminum Siding
- Roof type
- Shingle
Listing agent Derrick Stewart License #268301 (502) 314-9868
Listing office DREAM J P Pirtle REALTORS 8219 Shelbyville Road, louisville, KY (502) 458-2722
Listing date May 22, 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.
HighLights
- Triplex with two 1‑bedroom apartments and one studio unit
- All three units are currently vacant
- Several updates completed, including flooring and fresh paint
- Year built 1925 with aluminum siding and a shingle roof
- Public water and public sewer connections
Overview
The property is located at 1031 Queen Ave in Louisville, KY (40215), within close proximity to Churchill Downs. The listing’s reported location advantage is based on its “moments from Churchill Downs” positioning, which may support a variety of leasing and occupancy strategies depending on the owner’s plans.
With every unit vacant and recently refreshed in part, this triplex may fit buyers seeking a property they can reposition for immediate leasing following any remaining work. The seller is offering the home AS IS with no warranties expressed or implied, and buyers are responsible for verifying all information, including square footage, lot size, utilities, zoning, and other details not expressly confirmed in the listing.
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 | $17.3k | $12.72 |
| − Vacancy | −$951 | −$0.70 |
| EGI | $16.3k | $12.02 |
| − OpEx | −$4.9k | −$3.61 |
| NOI | $11.4k | $8.41 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Jefferson
- State
- Kentucky
- Longitude
- -85.777926
- Latitude
- 38.202169
