Renovated Duplex with Separate
New
For Sale
$230,000
13020 E Orell Rd, Louisville, KY 40272
MULTI_FAMILY - Louisville, KY
Property Size1,865 SF
Lot Size0.45 Acres
Price / SF$123.32
Days on Market4
Property Features for 13020 E Orell Rd
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 3, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 5
Patio and Porch features
Porch
Directions
I-264 W to Dixie Highway, head south for about 7 miles, then turn right onto Orell Road and follow it to E Orell Road; the home is located on the left.
Subdivision
05-Auburndale/Fairdale/IroquoisPrk/Shively
Standard status
Active
APN
24105904280000
Size
1,865 SF
Lot size
0.45 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1968
Number of units
2
Building materials
Vinyl Siding, Wood Frame, Brick Veneer
Roof type
Shingle
Listing Agency:
United Real Estate Louisville
(502) 509-4498
Listed By:
Kelcie Hornback
(502) 509-4498
Added: Jul 28
Changed: Jul 30
Last Checked: Jul 31 at 4:06AM
MLS# 1724613
Copyright © 2026 Greater Louisville 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 fully renovated duplex is configured as two independently functioning living levels. Each level has separate meters, private entrances, and newly installed heating and cooling systems, along with individual water heaters. Updates include brand-new flooring and carpet, fresh interior paint, and new kitchen cabinetry, countertops, and appliances. The property is set up to operate as a duplex or accommodate separate private use within the home.
The property is located at 13020 E Orell Rd in Louisville, Jefferson County, KY 40272. Public remarks note convenient access to shopping, dining, and major roadways.
With independent utility services and modern interior finishes throughout both levels, the layout supports flexible occupancy while maintaining separation between the upper and lower units.
The property is located at 13020 E Orell Rd in Louisville, Jefferson County, KY 40272. Public remarks note convenient access to shopping, dining, and major roadways.
With independent utility services and modern interior finishes throughout both levels, the layout supports flexible occupancy while maintaining separation between the upper and lower units.
Key Highlights
- 862 sq ft above‑grade plus 805 sq ft updated finished below‑grade space (total 1,667 sq ft).
- Each level has independent living with separate meters, separate HVAC/furnace systems, separate water heaters, and private entrances.
- Newer interior updates include flooring and carpet, fresh paint, and a new kitchen with cabinetry, countertops, and appliances.
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 | $23.7k | $12.72 |
| − Vacancy | −$1.3k | −$0.70 |
| EGI | $22.4k | $12.02 |
| − OpEx | −$6.7k | −$3.61 |
| NOI | $15.7k | $8.41 |
1,865 SF · lease $12.72/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$224.2K
$196.2K – $261.6K
NOI $15,693 @ 7.0% cap · market cap 6.82%
Second Best
Apartment 5plus
$181.3K
$158.7K – $211.5K
NOI $12,692 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$483.4K
$423.0K – $564.0K
NOI $33,839 @ 7.0% cap · market cap 14.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully renovated duplex with independent upper and lower living areas, each with private entrance and separate utilities.
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 $230,000.
What are key features of this property?
This property features: 862 sq ft above‑grade plus 805 sq ft updated finished below‑grade space (total 1,667 sq ft).; Each level has independent living with separate meters, separate HVAC/furnace systems, separate water heaters, and private entrances.; Newer interior updates include flooring and carpet, fresh paint, and a new kitchen with cabinetry, countertops, and appliances.
