Downtown Duplex with Classic
129-131 E Chestnut Street Jeffersonville, IN 47130
129-131 E Chestnut Street, Jeffersonville, IN, 47130
$439,900
For Sale
$439,900
Two-story duplex with multiple bedrooms, a spacious kitchen, and a mud room featuring exposed brick details.
Property Size3,196 SF
Price / SF$137.64
Days on Market2490
Property Features for 129-131 E Chestnut Street
General Information
- Standard status
- Active
- Size
- 3,196 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1910
Listing agency
(888) 581-8733
Listed by
Green Tree Real Estate Services
(888) 581-8733
Source
Xome
Added: Sep 28, 2019 Updated: Jul 21 at 11:09PM Checked: Jul 21 at 11:09PM
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 Green Tree Real Estate Services
Investment Insights
Based on property information with market context.
For sale as an entire duplex, 129–131 E Chestnut Street offers a combination of classic character and modern day living space. The first floor includes a living room, formal dining room, spacious kitchen, and a mud room with exposed brick. Upstairs, you’ll find multiple bedrooms, including a cozy bedroom that could work well as an at-home office, plus two additional spacious bedrooms with high ceilings, one of which has double closets.
The property is described as being downtown Jeffersonville near the Big 4 Station, with nearby access to local shops and restaurants, the Saturday Farmers Market, the Big 4 Walking Bridge, and Jeffersonville River Stage.
The layout provides distinct living and dining space on the main level, with bedrooms and storage arranged upstairs for comfortable everyday use.
The property is described as being downtown Jeffersonville near the Big 4 Station, with nearby access to local shops and restaurants, the Saturday Farmers Market, the Big 4 Walking Bridge, and Jeffersonville River Stage.
The layout provides distinct living and dining space on the main level, with bedrooms and storage arranged upstairs for comfortable everyday use.
Key Highlights
- Two‑story duplex with open floor plan interior features
- Covered patio and shingle roof
- Exposed brick details in the mud room
Local 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 | $54.5k | $17.04 |
| − Vacancy | −$2.8k | −$0.89 |
| EGI | $51.6k | $16.15 |
| − OpEx | −$15.5k | −$4.85 |
| NOI | $36.1k | $11.31 |
3,196 SF · lease $17.04/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$516.2K
$451.7K – $602.2K
NOI $36,132 @ 7.0% cap · market cap 8.21%
Second Best
Apartment 5plus
$481.3K
$421.1K – $561.5K
NOI $33,688 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$929.2K
$813.1K – $1.08M
NOI $65,045 @ 7.0% cap · market cap 14.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-story duplex with multiple bedrooms, a spacious kitchen, and a mud room featuring exposed brick details.
Where is this duplex located?
The property is located at 129-131 E Chestnut Street Jeffersonville, IN.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Two‑story duplex with open floor plan interior features; Covered patio and shingle roof; Exposed brick details in the mud room
