Two-Duplex Residential
For Sale
$175,000
10311033 1031-1033 Euclid Ave, Louisville, KY 40208
Two neighboring duplexes are offered together as a tenant-occupied residential property.
Property Size2,048 SF
Price / SF$85.45
Days on Market26
Property Features for 10311033 1031-1033 Euclid Ave
General Information
Standard status
Active
Size
2,048 SF
Property subtype
Multi-Family
Additional Details
Asking Price
$350,000
Multifamily Units
4
Building Details
Year Built
1915
Buildings
2
Listing Agency:
Keller Williams Collective
Listed By:
Leah Plush-Ches
(502) 492-3370
Source:
Familyrealty
Added: Sep 12
Changed: Sep 15
Last Checked: Oct 7 at 1:09PM
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 Keller Williams Collective
Investment Insights
Based on property information with market context.
This offering combines two neighboring duplex properties at 1031 and 1033 Euclid Avenue in Louisville. The properties provide a combined 2,048 square feet and were built in 1915.
Both properties are occupied by tenants. Showings require additional notice, and access must be coordinated through the listing agent. No sign is posted at the properties.
Both properties are occupied by tenants. Showings require additional notice, and access must be coordinated through the listing agent. No sign is posted at the properties.
Key Highlights
- Two neighboring duplex properties offered together
- Combined 2,048 square feet
- 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.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
245
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 neighboring duplexes are offered together as a tenant-occupied residential property.
Where is this duplex located?
The property is located at 10311033 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 2,048 square feet; Built in 1915
