Renovated Duplex
For Sale
$220,000
Pending
13020 E Orell Rd, Louisville, KY 40272
Multi Family, Louisville, KY
Property Size1,865 SF
Lot Size0.45 Acres
Days on Market76
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
Bedroom 4, Bedroom 3, Basement, Bedroom 2, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 1
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
Pending
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
Listed By:
Kelcie Hornback
(502) 509-4498
Added: Jul 28
Changed: Oct 8
Last Checked: Oct 11 at 8:06AM
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 renovated duplex property is arranged as two independently functioning living levels, each with a private entrance and separate utility infrastructure. The property includes new HVAC and furnace systems, individual new water heaters, updated flooring and carpet, fresh paint, kitchen cabinetry, countertops, and appliances. A porch, central air, forced-air heating, public water, and public sewer support the improvements. The structure was built in 1968 with vinyl siding, wood-frame construction, and brick veneer, along with a shingle roof.
Set on 0.45 acres in Louisville, the property is near shopping, dining, and major roadways. Its two-bedroom-per-level room configuration includes two bathrooms and a basement, providing a practical layout for duplex occupancy or other independently arranged residential use.
Set on 0.45 acres in Louisville, the property is near shopping, dining, and major roadways. Its two-bedroom-per-level room configuration includes two bathrooms and a basement, providing a practical layout for duplex occupancy or other independently arranged residential use.
Key Highlights
- Two independently functioning living levels with private entrances
- Separate meters, new HVAC and furnace systems, and individual new water heaters
- Updated flooring, carpet, paint, cabinetry, countertops, and appliances
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.
Property Analytics
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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
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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 - Two independent living levels offer separate entrances, meters, HVAC systems, furnaces, and water heaters.
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: Two independently functioning living levels with private entrances; Separate meters, new HVAC and furnace systems, and individual new water heaters; Updated flooring, carpet, paint, cabinetry, countertops, and appliances
