Old Louisville Investment Opportunity

1313 S Floyd St Louisville, KY 40208

Claim this Listing
For Sale
$279,000

MULTI_FAMILY - Other - Louisville, KY

Property size:
3,104 SF
Price / SF:
$89/SF
Added:
May 27, 2026
Days on Market:
47
Last Refresh:
Jul 12 at 7:06 am

Property Features for 1313 S Floyd St

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Rooms
Bathroom 2, Bedroom 1, Basement, Bedroom 3, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 5
Standard status
Active
APN
08032G01090000
Size
3,104 SF

Utilities

Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public

Building Details

Year built
1900
Number of units
2
Building materials
Wood Frame, Brick Veneer, Brick
Roof type
Asphalt, Shingle
Architectural style
Other

Listing agent Clayton Gentile

Listing office Kentucky Select Properties 1757 Frankfort Avenue, Louisville, KY

Listing date May 27, 2026

MLS# 1718606 Listing URL

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 duplex in Old Louisville presents an investment opportunity with established cash flow and professional management. The property is conveniently located between the Downtown Business & Medical districts and the University of Louisville's main campus. The building has a total size of 3104 square feet. All units are metered, heated, and cooled separately. Off-street parking is available to tenants on a first-come, first-serve basis.

Key Highlights

  • Duplex in Old Louisville with established cash flow and professional management
  • Each unit is separately metered, heated, and cooled
  • Heating: forced air; cooling: central air

Local Financial Insights For Apartment 5plus

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 $40.6k $13.08
− Vacancy −$2.2k −$0.71
EGI $38.4k $12.37
− OpEx −$17.3k −$5.57
NOI $21.1k $6.81
3,104 SF · lease $13.08/SF/yr · vacancy 5.40% · expense 45.00%

Alternative Uses

Best Use
Multifamily LT 5
$373.1K
$326.5K – $435.3K (±1% cap)
NOI $26,118 @ 7.0% cap · market cap 9.36%
Second Best
Apartment 5plus
$301.8K
$264.1K – $352.1K (±1% cap)
NOI $21,124 @ 7.0% cap · market cap 7.57%
Theoretical Best
Office A
$804.6K
$704.0K – $938.7K (±1% cap)
NOI $56,319 @ 7.0% cap · market cap 20.19%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Dental Office (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Pet Store Pet Store & Service (Bike/Boat/Book/etc) Store Florist Nail Salon Fish Market

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Duplex in Old Louisville with established cash flow.
Where is this duplex located?
The property is located at 1313 S Floyd St Louisville, KY.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Duplex in Old Louisville with established cash flow and professional management; Each unit is separately metered, heated, and cooled; Heating: forced air; cooling: central air
Contact an agent
More about this property
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