Renovated Historic
For Sale
$425,000
1139 S Brook St, Louisville, KY 40203
Two independent residences feature separate entrances, updated kitchens and baths, and dedicated laundry.
Property Size3,044 SF
Price / SF$139.62
Days on Market49
Property Features for 1139 S Brook St
General Information
Standard status
Active
Size
3,044 SF
Property subtype
Duplex
Site & Location
Neighborhood
Smoketown
Units
Unit Mix
1 x 4BR/2BA, 1 x 2BR/2BA
Multifamily Units
2
Amenities
washer/dryer
fireplaces
Building Details
Building Size
3,044 SF
Year Built
1900
Buildings
1
Listing Agency:
White Picket Real Estate
Listed By:
Danielle Baise
(502) 468-6863
Source:
Zhomesre
Added: Sep 19
Changed: Nov 3
Last Checked: Nov 5 at 10:34AM
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 White Picket Real Estate
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Investment Insights
Based on property information with market context.
This 3,044-square-foot duplex, built in 1900, contains two separate residences with six bedrooms and four full bathrooms. The front unit has four bedrooms and two bathrooms; the second offers two bedrooms and two bathrooms. Each unit has its own entrance, kitchen, and dedicated washer and dryer. Furniture in the second unit is included, and both kitchens and all four bathrooms have been renovated.
Original hardwood floors, bannisters, fireplaces, large windows, and tall ceilings retain historic details. The roof is 2 years old, and the HVAC system is 7 years old. The property is in Old Louisville, near Toonerville Trolley Park, Central Park, the Saint James Art Festival, and downtown dining.
Original hardwood floors, bannisters, fireplaces, large windows, and tall ceilings retain historic details. The roof is 2 years old, and the HVAC system is 7 years old. The property is in Old Louisville, near Toonerville Trolley Park, Central Park, the Saint James Art Festival, and downtown dining.
Key Highlights
- Two‑unit duplex totaling 3,044 square feet, with 6 bedrooms and 4 full bathrooms
- Front residence has 4 bedrooms and 2 full baths; second unit has 2 bedrooms and 2 full baths
- Both units have separate entrances and dedicated washers and dryers, which remain
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,613
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$512,260
$512.3K
Cap Rate 7%
$365,900
$365.9K
Cap Rate 9%
$284,589
$284.6K
Market Conditions
NOI Build-Up for 3,044 SF
Gross rent
$38.7K $12.72/SF
− Vacancy
−$2.1K −$0.70/SF
EGI
$36.6K $12.02/SF
− OpEx
−$11.0K −$3.61/SF
NOI
$25.6K $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%
$512,260
Cap Rate 7%
$365,900
Cap Rate 9%
$284,589
Alternative Uses
Best Use
Multifamily LT 5
$365.9K
$320.2K – $426.9K
NOI $25,613 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$295.9K
$259.0K – $345.3K
NOI $20,716 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$789.0K
$690.4K – $920.5K
NOI $55,230 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,410
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 - Two independent residences feature separate entrances, updated kitchens and baths, and dedicated laundry.
Where is this duplex located?
The property is located at 1139 S Brook St Louisville, KY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 3,044 square feet, with 6 bedrooms and 4 full bathrooms; Front residence has 4 bedrooms and 2 full baths; second unit has 2 bedrooms and 2 full baths; Both units have separate entrances and dedicated washers and dryers, which remain
