Renovated Duplex with Private
For Sale
$220,000
Pending
13020 E Orell Rd, Louisville, KY 40272
Separate systems and entrances support independent use of both levels.
Property Size1,865 SF
Days on Market77
Property Features for 13020 E Orell Rd
General Information
Standard status
Pending
Size
1,865 SF
Property subtype
Multi-Family
Building Details
Year Built
1968
Listing Agency:
Weichert Realtors-H. Barry Smith Co
Listed By:
Kyle Elmore · License #262211
(502) 389-9920
Source:
Whitepicketky
Added: Jul 30
Changed: Oct 13
Last Checked: Oct 12 at 7:22PM
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 Weichert Realtors-H. Barry Smith Co
Investment Insights
Based on property information with market context.
This duplex offers 1,865 square feet across two independently functioning levels, including 862 square feet above grade and 805 square feet of finished lower-level space. Each level has its own entrance, meter, HVAC and furnace system, and water heater. Interior updates include new flooring and carpet, fresh paint, kitchen cabinetry, countertops, and appliances.
The property is located at 13020 E Orell Rd in Louisville, near shopping, dining, and major roadways. Built in 1968, the layout supports separate occupancy across the two levels and can also accommodate multigenerational living or a private guest arrangement.
The property is located at 13020 E Orell Rd in Louisville, near shopping, dining, and major roadways. Built in 1968, the layout supports separate occupancy across the two levels and can also accommodate multigenerational living or a private guest arrangement.
Key Highlights
- 1,865‑square‑foot duplex with 862 square feet above grade and 805 square feet of finished below‑grade space
- Separate entrances and meters for each level
- New HVAC and furnace systems serve both levels independently
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,693
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,860
$313.9K
Cap Rate 7%
$224,186
$224.2K
Cap Rate 9%
$174,367
$174.4K
Market Conditions
NOI Build-Up for 1,865 SF
Gross rent
$23.7K $12.72/SF
− Vacancy
−$1.3K −$0.70/SF
EGI
$22.4K $12.02/SF
− OpEx
−$6.7K −$3.61/SF
NOI
$15.7K $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%
$313,860
Cap Rate 7%
$224,186
Cap Rate 9%
$174,367
Alternative Uses
Best Use
Multifamily LT 5
$224.2K
$196.2K – $261.6K
NOI $15,693 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$181.3K
$158.7K – $211.5K
NOI $12,692 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$483.4K
$423.0K – $564.0K
NOI $33,839 @ 7.0% cap · market cap 15.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
Explore this area
Business Placement
Demographics for 40272, KY
37,747
Population
15,469
Households
2.4
Avg Household Size
39
Median Age
19%
College-Educated
90%
High-School Grad
33.3 sq mi
ZIP Area
1,134
Density / Sq Mi
$66,382
Median Household Income
$37,644
Median Earnings
$1,147
Median Rent
$169,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Separate systems and entrances support independent use of both levels.
Where is this duplex located?
The property is located at 13020 E Orell Rd Louisville, KY.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 1,865‑square‑foot duplex with 862 square feet above grade and 805 square feet of finished below‑grade space; Separate entrances and meters for each level; New HVAC and furnace systems serve both levels independently
