Brick Duplex with
New
For Sale
$295,000
113 E Saint Catherine St, Louisville, KY 40203
Multi Family, Louisville, KY
Property Size3,101 SF
Lot Size0.00 Acres
Price / SF$95.13
Days on Market3
Property Features for 113 E Saint Catherine St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 3, Dining Room, Bedroom 4, Bedroom 2, Bedroom 5, Bathroom 1, Basement, Bedroom 6
Patio and Porch features
Patio, Porch, Deck
Exterior features
Balcony
Subdivision
OLD LOUISVILLE
Directions
65 closed. 1st Street to St. Catherine
Standard status
Active
APN
30G00540000
Size
3,101 SF
Lot size
0.00 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Number of units
2
Building materials
Brick
Roof type
Shingle, Flat
Architectural style
Other
Listing Agency:
United Real Estate Louisville
(502) 509-4498
Listed By:
Barbara E Jones
(502) 544-5749
Added: Aug 27
Last Checked: Aug 29 at 9:06PM
MLS# 1727486
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 brick duplex contains 3,101 square feet across two residential units. Unit #1 was renovated in 2020 and offers two bedrooms, one bathroom, refinished wood flooring, granite kitchen countertops, a gas range, refrigerator, and pantry. Unit #2 spans three stories and includes multiple bedrooms, a living room, dining area, kitchen, bathroom, pantry, newer cabinetry, double sink, and newer carpet in the upper-level bedrooms. One bedroom opens to a balcony.
The property has a new roof from 2025, central air, electric and forced-air heating, public water and sewer, and a shared fenced backyard. Patio, porch, and deck areas provide additional exterior space. Off-street parking is available, along with an 8-space city-owned parking pad in the nearby alley. The property is near UofL, a bus line, and an expressway.
The property has a new roof from 2025, central air, electric and forced-air heating, public water and sewer, and a shared fenced backyard. Patio, porch, and deck areas provide additional exterior space. Off-street parking is available, along with an 8-space city-owned parking pad in the nearby alley. The property is near UofL, a bus line, and an expressway.
Key Highlights
- 3,101‑square‑foot duplex with two residential units
- Unit #1 renovated in 2020 with two bedrooms and one bathroom
- New roof installed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,093
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$521,860
$521.9K
Cap Rate 7%
$372,757
$372.8K
Cap Rate 9%
$289,922
$289.9K
Market Conditions
NOI Build-Up for 3,101 SF
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.
Gross rent
$39.4K $12.72/SF
− Vacancy
−$2.2K −$0.70/SF
EGI
$37.3K $12.02/SF
− OpEx
−$11.2K −$3.61/SF
NOI
$26.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$521,860
Cap Rate 7%
$372,757
Cap Rate 9%
$289,922
Alternative Uses
Best Use
Multifamily LT 5
$372.8K
$326.2K – $434.9K
NOI $26,093 @ 7.0% cap · market cap 8.85%
Second Best
Apartment 5plus
$301.5K
$263.8K – $351.7K
NOI $21,104 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$803.8K
$703.3K – $937.8K
NOI $56,265 @ 7.0% cap · market cap 19.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,808
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
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-unit residential property with updated interiors, outdoor space, and off-street parking near transit and major road access.
Where is this duplex located?
The property is located at 113 E Saint Catherine St Louisville, KY.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 3,101‑square‑foot duplex with two residential units; Unit #1 renovated in 2020 with two bedrooms and one bathroom; New roof installed in 2025
