Duplex with Two 3-Bedroom
For Sale
$499,000
1316 S Floyd St, Louisville, KY 40208
Multi Family, Louisville, KY
Property Size2,400 SF
Lot Size0.12 Acres
Price / SF$207.92
Days on Market12
Property Features for 1316 S Floyd St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Dining Room, Bedroom 3, Bedroom 5, Bedroom 1, Bedroom 4, Bedroom 6, Bathroom 2, Bathroom 4, Bedroom 2, Bathroom 1, Bathroom 3
Patio and Porch features
Porch
Exterior features
Balcony
Subdivision
OLD LOUISVILLE
Lot features
Sidewalk
Directions
take I-65N to woodbine exit, make right on Floyd st, home is on the left.
Standard status
Active
APN
08032G00490000
Size
2,400 SF
Lot size
0.12 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
2026
Number of units
2
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
United Real Estate Louisville
(502) 509-4498
Listed By:
Andy Romero
(502) 681-2576
Added: Oct 17
Changed: Oct 28
Last Checked: Oct 28 at 12:06PM
MLS# 1732192
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.
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Investment Insights
Based on property information with market context.
Under construction, this 2,400-square-foot duplex is configured as two residences, each with three bedrooms, a master bathroom, and a guest bath. Both units feature an open living room and kitchen layout, along with a utility and laundry room. The rear residence is reached by exterior stairs and has a porch area.
The property sits on a 0.12-acre lot. Planned building features include vinyl siding, a shingle roof, natural gas heating, central air, and public water and sewer. The listed year built is 2026.
The property sits on a 0.12-acre lot. Planned building features include vinyl siding, a shingle roof, natural gas heating, central air, and public water and sewer. The listed year built is 2026.
Key Highlights
- Two residences, each with three bedrooms and two bathrooms
- 2,400 square feet on a 0.12‑acre lot
- Open living room and kitchen layout in both units
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 has an open living-kitchen plan, a laundry room, and separate exterior access for the rear unit.
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 residences, each with three bedrooms and two bathrooms; 2,400 square feet on a 0.12‑acre lot; Open living room and kitchen layout in both units
