Two-Unit
For Sale
$300,000
1033 S Brook St, Louisville, KY 40203
Both residences are vacant at closing, supporting either owner occupancy or new leasing plans.
Property Size2,532 SF
Price / SF$118.48
Days on Market59
Property Features for 1033 S Brook St
General Information
Standard status
Active
Size
2,532 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1.5BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Buildings
1
Listing Agency:
EXP Realty LLC
(888) 624-6448
Listed By:
Ethan J Adams · License #244623
(502) 558-8193
Source:
Exprealty
Added: Aug 14
Changed: Oct 10
Last Checked: Oct 9 at 9:08PM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This two-residence property provides 2532 square feet across a practical duplex layout. One unit includes two bedrooms and 1.5 baths, while the second offers two bedrooms and one bath. Each residence includes an open living and kitchen arrangement, and both are expected to be vacant at closing.
The property is located at 1033 S Brook St in Louisville, near the University of Louisville. Downtown, parks, and public transit are also within the surrounding area, providing access to established city amenities and transportation options.
The property is located at 1033 S Brook St in Louisville, near the University of Louisville. Downtown, parks, and public transit are also within the surrounding area, providing access to established city amenities and transportation options.
Key Highlights
- 2532 square feet arranged as a two‑unit duplex
- Unit mix includes a 2 bed / 1.5 bath residence and a 2 bed / 1 bath residence
- Both units vacant at closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,305
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,100
$426.1K
Cap Rate 7%
$304,357
$304.4K
Cap Rate 9%
$236,722
$236.7K
Market Conditions
NOI Build-Up for 2,532 SF
Gross rent
$32.2K $12.72/SF
− Vacancy
−$1.8K −$0.70/SF
EGI
$30.4K $12.02/SF
− OpEx
−$9.1K −$3.61/SF
NOI
$21.3K $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%
$426,100
Cap Rate 7%
$304,357
Cap Rate 9%
$236,722
Alternative Uses
Best Use
Multifamily LT 5
$304.4K
$266.3K – $355.1K
NOI $21,305 @ 7.0% cap · market cap 7.10%
Second Best
Apartment 5plus
$246.2K
$215.4K – $287.2K
NOI $17,232 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$656.3K
$574.3K – $765.7K
NOI $45,941 @ 7.0% cap · market cap 15.31%
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
1,810
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
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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 - Both residences are vacant at closing, supporting either owner occupancy or new leasing plans.
Where is this duplex located?
The property is located at 1033 S Brook St Louisville, KY.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 2532 square feet arranged as a two‑unit duplex; Unit mix includes a 2 bed / 1.5 bath residence and a 2 bed / 1 bath residence; Both units vacant at closing
