Two-Unit Duplex with Separate
For Sale
$499,000
1316 S Floyd St, Louisville, KY 40208
Each residence offers three bedrooms, two bathrooms, an open living and kitchen area, and a utility room.
Property Size2,400 SF
Price / SF$207.92
Days on Market10
Property Features for 1316 S Floyd St
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Old Louisville
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Keller Williams Heartland
Listed By:
Key Associates Signature Realty
(812) 686-3268
Source:
Keyassociates
Added: Oct 19
Changed: Oct 27
Last Checked: Oct 28 at 8:00AM
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 Keller Williams Heartland
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Investment Insights
Based on property information with market context.
This newly constructed duplex contains two residences, each with 1,200 square feet. Both units have an open living and kitchen layout, three bedrooms, a guest bath, and a private bathroom connected to the primary bedroom. A utility and laundry room provides additional storage in each residence.
The second unit is reached from the rear by exterior stairs and includes a back porch. The building was constructed in 2026 and totals 2,400 square feet.
The second unit is reached from the rear by exterior stairs and includes a back porch. The building was constructed in 2026 and totals 2,400 square feet.
Key Highlights
- Two‑unit duplex built in 2026
- 2,400‑square‑foot building with 1,200 square feet per unit
- Each unit includes three bedrooms, a guest bath, and an attached primary bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,194
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,880
$403.9K
Cap Rate 7%
$288,486
$288.5K
Cap Rate 9%
$224,378
$224.4K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$30.5K $12.72/SF
− Vacancy
−$1.7K −$0.70/SF
EGI
$28.8K $12.02/SF
− OpEx
−$8.7K −$3.61/SF
NOI
$20.2K $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%
$403,880
Cap Rate 7%
$288,486
Cap Rate 9%
$224,378
Alternative Uses
Best Use
Multifamily LT 5
$288.5K
$252.4K – $336.6K
NOI $20,194 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$233.3K
$204.2K – $272.2K
NOI $16,333 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$622.1K
$544.3K – $725.8K
NOI $43,546 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,077
Businesses Nearby
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Business Placement
Demographics for 40208, KY
17,048
Population
6,675
Households
2.6
Avg Household Size
27
Median Age
34%
College-Educated
88%
High-School Grad
2.6 sq mi
ZIP Area
6,557
Density / Sq Mi
$37,714
Median Household Income
$17,255
Median Earnings
$914
Median Rent
$153,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three bedrooms, two bathrooms, an open living and kitchen area, and a utility room.
Where is this duplex located?
The property is located at 1316 S Floyd St Louisville, KY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2026; 2,400‑square‑foot building with 1,200 square feet per unit; Each unit includes three bedrooms, a guest bath, and an attached primary bathroom
