Turnkey Duplex with Off-Street
For Sale
$195,000
1108 Queen Ave, Louisville, KY 40215
MULTI_FAMILY - Other - Louisville, KY
Property Size1,710 SF
Lot Size0.10 Acres
Price / SF$114.04
Days on Market207
Property Features for 1108 Queen Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Dining Room, Bathroom 2, Bedroom 2
Patio and Porch features
Deck, Porch
Directions
Central Ave to left on Taylor Blvd, left on Queen Ave
Subdivision
01-Dtwn Old Louisville/Shively/West Lou
Standard status
Active
APN
11051D01570000
Size
1,710 SF
Lot size
0.10 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1907
Number of units
2
Building materials
Vinyl Siding, Wood Frame, Aluminum Siding
Roof type
Asphalt, Shingle
Architectural style
Other
Additional Structures
Outbuilding
Listing Agency:
RE/MAX Premier Properties · RE/MAX International
(502) 384-5944
Listed By:
Jay Pitts · License #63303
(502) 384-5944
Added: Jan 5
Changed: Jul 30
Last Checked: Jul 31 at 7:06AM
MLS# 1706234
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.
Investment Insights
Based on property information with market context.
This furnished duplex offers two 1-bed, 1-bath homes. Each unit has an open floor plan, modern kitchen finishes, and updated bathrooms. The property includes a privacy-fenced back yard, off-street parking, and covered outdoor space, with a covered front porch on Unit A and covered back patios that extend to much of the back yard.
The units are separately metered and have separate HVAC systems. Recent updates include an AC replacement in April 2025 and a water heater replacement in 2023.
Located at 1108 Queen Ave in Louisville, Kentucky (40215), the property is described as being close to Churchill Downs and centrally positioned for commute access around the city.
The units are separately metered and have separate HVAC systems. Recent updates include an AC replacement in April 2025 and a water heater replacement in 2023.
Located at 1108 Queen Ave in Louisville, Kentucky (40215), the property is described as being close to Churchill Downs and centrally positioned for commute access around the city.
Key Highlights
- Furnished 1‑bed/1‑bath duplex with 2 units, privacy‑fenced back yard, and off‑street parking
- Both units have covered back patios extending to most of the back yard; Unit A also has a covered front porch
- Separate metering and separate HVAC systems for each unit
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 | $21.8k | $12.72 |
| − Vacancy | −$1.2k | −$0.70 |
| EGI | $20.6k | $12.02 |
| − OpEx | −$6.2k | −$3.61 |
| NOI | $14.4k | $8.41 |
1,710 SF · lease $12.72/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$205.5K
$179.9K – $239.8K
NOI $14,388 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$166.2K
$145.5K – $194.0K
NOI $11,637 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$443.2K
$387.8K – $517.1K
NOI $31,026 @ 7.0% cap · market cap 15.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
Explore this area
Business Placement
Demographics for 40215, KY
21,230
Population
9,070
Households
2.3
Avg Household Size
35
Median Age
13%
College-Educated
79%
High-School Grad
3.5 sq mi
ZIP Area
6,066
Density / Sq Mi
$42,762
Median Household Income
$32,815
Median Earnings
$976
Median Rent
$106,500
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 - Turnkey 2-unit duplex with separate meters, separate HVAC systems, and covered patios with privacy-fenced yards.
Where is this duplex located?
The property is located at 1108 Queen Ave Louisville, KY.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Furnished 1‑bed/1‑bath duplex with 2 units, privacy‑fenced back yard, and off‑street parking; Both units have covered back patios extending to most of the back yard; Unit A also has a covered front porch; Separate metering and separate HVAC systems for each unit
