Duplex with Three-Story
For Sale
$285,000
113 E St Catherine St, Louisville, KY 40203
Two residences offer distinct layouts, including a renovated two-bedroom home and a multilevel residence with balcony access.
Property Size3,101 SF
Price / SF$91.91
Days on Market11
Property Features for 113 E St Catherine St
General Information
Standard status
Active
Size
3,101 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Amenities
fenced backyard
Building Details
Year Built
1900
Listing Agency:
Area One Realty, LLC
Listed By:
Mike Hall
(502) 509-5131
Source:
Mlsky
Added: Oct 1
Changed: Oct 10
Last Checked: Oct 9 at 7:57PM
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 Area One Realty, LLC
Investment Insights
Based on property information with market context.
This 3,101-square-foot duplex contains two residences. Unit 1 has two bedrooms, one bathroom, high ceilings, refinished wood floors, and a kitchen with granite countertops, a gas range, refrigerator, and pantry. The kitchen has vinyl flooring. Renovated in 2020, the unit has a long-term tenant. The property received a new roof in 2025.
Unit 2 spans three stories, with a living room, dining room, kitchen, bathroom, pantry, and bedrooms arranged across the upper levels. The kitchen includes a refrigerator and recently installed cabinetry and sink; two bedrooms on the top floor have new carpet, and one bedroom opens onto a balcony. A shared fenced backyard is located behind the building. An eight-space parking pad owned by the city is nearby, off the alley.
The property is near UofL, a bus line, and an expressway. It was built in 1900.
Unit 2 spans three stories, with a living room, dining room, kitchen, bathroom, pantry, and bedrooms arranged across the upper levels. The kitchen includes a refrigerator and recently installed cabinetry and sink; two bedrooms on the top floor have new carpet, and one bedroom opens onto a balcony. A shared fenced backyard is located behind the building. An eight-space parking pad owned by the city is nearby, off the alley.
The property is near UofL, a bus line, and an expressway. It was built in 1900.
Key Highlights
- 3,101‑square‑foot duplex built in 1900
- New roof installed in 2025
- Unit 1 renovated in 2020; two bedrooms and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,093
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
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
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 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 9.16%
Second Best
Apartment 5plus
$301.5K
$263.8K – $351.7K
NOI $21,104 @ 7.0% cap · market cap 7.40%
Theoretical Best
Office A
$803.8K
$703.3K – $937.8K
NOI $56,265 @ 7.0% cap · market cap 19.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,591
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
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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 - Two residences offer distinct layouts, including a renovated two-bedroom home and a multilevel residence with balcony access.
Where is this duplex located?
The property is located at 113 E St Catherine St Louisville, KY.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 3,101‑square‑foot duplex built in 1900; New roof installed in 2025; Unit 1 renovated in 2020; two bedrooms and one bathroom
