Two-Unit Brick
For Sale
$300,000
1033 S Brook St, Louisville, KY 40203
Multi Family, Louisville, KY
Property Size2,532 SF
Lot Size0.04 Acres
Price / SF$118.48
Days on Market10
Property Features for 1033 S Brook St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bedroom 4, Bathroom 3, Bedroom 1, Bedroom 2, Basement, Bedroom 3
Patio and Porch features
Deck
Subdivision
OLD LOUISVILLE
Directions
West on Broadway left onto brook st
Standard status
Active
APN
08030H00030000
Size
2,532 SF
Lot size
0.04 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Number of units
2
Building materials
Brick
Roof type
Shingle
Architectural style
Other
Listing Agency:
EXP Realty LLC
(888) 624-6448
Listed By:
Ethan J Adams
(502) 558-8193
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 10:06AM
MLS# 1732281
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.
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Investment Insights
Based on property information with market context.
This brick duplex contains 2,532 square feet across two residences. One unit has two bedrooms and 1.5 bathrooms; the other has two bedrooms and one bathroom. Both are expected to be vacant at closing. The property was built in 1900 and includes a deck, forced-air natural gas heating, and central air conditioning.
The Louisville property is near the University of Louisville, downtown, parks, and public transit. Public water and sewer serve the site.
The Louisville property is near the University of Louisville, downtown, parks, and public transit. Public water and sewer serve the site.
Key Highlights
- Two units: one with 2 bedrooms and 1.5 bathrooms, the other with 2 bedrooms and 1 bathroom
- 2,532 square feet on a 0.04‑acre lot
- Both residences 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.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,810
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are scheduled to be vacant at closing, with separate two-bedroom layouts.
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: Two units: one with 2 bedrooms and 1.5 bathrooms, the other with 2 bedrooms and 1 bathroom; 2,532 square feet on a 0.04‑acre lot; Both residences vacant at closing
