Furnished Duplex with
For Sale
$424,200
133-135 E Chestnut Street, Jeffersonville, IN 47130
Two-unit residential property with furnished interiors, four porches, and a corner-lot setting near downtown amenities.
Property Size2,256 SF
Price / SF$188.03
Days on Market1565
Property Features for 133-135 E Chestnut Street
General Information
Standard status
Active
Size
2,256 SF
Property subtype
Duplex
Additional Details
Furnished
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,020
Amenities
porches
3
Dishwasher, Microwave, Oven, Range, Refrigerator
Shingle
Residential
Corner Lot.
Stucco, Brick
30x76.96x30x76.96
Corner, Paved Road.
Building Details
Year Built
1910
Listing Agency:
ListWithFreedom.com
(855) 456-4945
Listed By:
Joe Wootan · License #RB14026098
(855) 456-4945
Source:
Xome
Added: May 21, 2022
Changed: Aug 31
Last Checked: Aug 31 at 1:37PM
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 ListWithFreedom.com
Investment Insights
Based on property information with market context.
This duplex contains four bedrooms and two full bathrooms across 2,256 square feet. Both units are furnished with contemporary décor and include a dishwasher, microwave, oven, range, and refrigerator. Four porches add outdoor space to the property, while stucco and brick exterior elements contribute to its established residential character.
Built in 1910, the property occupies a corner lot on a paved road at 133-135 E Chestnut Street in Jeffersonville. Its downtown setting places it near the local walking bridge and surrounding amenities. The configuration supports residential occupancy with separate units and furnished interiors already in place.
Built in 1910, the property occupies a corner lot on a paved road at 133-135 E Chestnut Street in Jeffersonville. Its downtown setting places it near the local walking bridge and surrounding amenities. The configuration supports residential occupancy with separate units and furnished interiors already in place.
Key Highlights
- Duplex with 4 bedrooms and 2 full bathrooms
- 2,256 SF residential property built in 1910
- Both units furnished with contemporary décor
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,505
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$510,100
$510.1K
Cap Rate 7%
$364,357
$364.4K
Cap Rate 9%
$283,389
$283.4K
Market Conditions
NOI Build-Up for 2,256 SF
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.
Gross rent
$38.4K $17.04/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$36.4K $16.15/SF
− OpEx
−$10.9K −$4.85/SF
NOI
$25.5K $11.31/SF
Area
Clark County, IN
Vacancy
5.22%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$510,100
Cap Rate 7%
$364,357
Cap Rate 9%
$283,389
Alternative Uses
Best Use
Multifamily LT 5
$364.4K
$318.8K – $425.1K
NOI $25,505 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$339.7K
$297.2K – $396.3K
NOI $23,779 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$655.9K
$573.9K – $765.2K
NOI $45,914 @ 7.0% cap · market cap 10.82%
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
1,204
Businesses Nearby
Explore this area
Business Placement
Demographics for 47130, IN
48,481
Population
22,602
Households
2.1
Avg Household Size
39
Median Age
25%
College-Educated
92%
High-School Grad
33.9 sq mi
ZIP Area
1,430
Density / Sq Mi
$68,412
Median Household Income
$40,941
Median Earnings
$1,090
Median Rent
$203,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with furnished interiors, four porches, and a corner-lot setting near downtown amenities.
Where is this duplex located?
The property is located at 133-135 E Chestnut Street Jeffersonville, IN.
What is the asking price?
The asking price for this property is $424,200.
What are key features of this property?
This property features: Duplex with 4 bedrooms and 2 full bathrooms; 2,256 SF residential property built in 1910; Both units furnished with contemporary décor
