Search
Two-Home Duplex Property
For Sale
$72,500

114-116 Rice Street, Louisa, KY 41230

Residential Income, Ranch, Louisa, KY

Property Size1,786 SF
Lot Size0.12 Acres
Price / SF$40.59
Days on Market153

Property Features for 114-116 Rice Street

General Information

Property type Residential Multi Family
Property subtype Single Family Residence
Zoning Mixed
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 3
Window features Wood Frames
Patio and Porch features Porch
Interior features 1st Floor Bedroom, Ceiling Fans
Basement Crawl Space
Appliances Refrigerator, Stove
High school Lawrence County
Directions From Louisa Wendy's turn left onto 2565, drive 1.5 miles, turn left onto Madison St (at red-light), take 1st left onto Rice Street, properties are side by side on the right. No sign.
Subdivision Lawrence
Standard status Active
Size 1,786 SF
Lot size 0.12 Acres

Utilities

Sewer type Public Sewer
Heating system Space Heater, Baseboard
Cooling system Window Unit(s)
Water source Public

Building Details

Year built 1942
Number of units 2
Roof type Shingle
Architectural style Ranch
Listing Agency: eXp Realty LLC
Listed By: Laikan Pack
Added: Apr 23 Changed: Sep 15 Last Checked: Sep 22 at 11:06AM
MLS# 128556

Copyright © 2026 Eastern Kentucky 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 duplex offering combines two homes within a ranch-style residential property totaling 1,786 square feet on a 0.12-acre lot. The homes include four bedrooms and two bathrooms in total, along with porches, refrigerators, and stoves. Interior features include first-floor bedrooms and ceiling fans.

Constructed in 1942, the property has mixed zoning and is connected to public water and public sewer. Heating is provided by space heaters and baseboard systems, while window units provide cooling. The shingle roof and existing residential improvements are offered in their current as-is condition.

Key Highlights

  • Two homes included in a duplex property
  • 1,786 square feet on a 0.12‑acre lot
  • Four bedrooms and two bathrooms in total

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Plumbing Service Locksmith Bakery (Bike/Boat/Book/etc) Store Storage Facility HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

469
Businesses Nearby

Demographics for 41230, KY

12,670
Population
5,621
Households
2.3
Avg Household Size
42
Median Age
15%
College-Educated
82%
High-School Grad
231.9 sq mi
ZIP Area
55
Density / Sq Mi
$45,240
Median Household Income
$31,995
Median Earnings
$750
Median Rent
$110,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Duplex - Ranch-style residential income property with public water and sewer service.
Where is this duplex located?
The property is located at 114-116 Rice Street Louisa, KY.
What is the asking price?
The asking price for this property is $72,500.
What are key features of this property?
This property features: Two homes included in a duplex property; 1,786 square feet on a 0.12‑acre lot; Four bedrooms and two bathrooms in total
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message