Updated Triplex with Detached
1348 S Brook St Louisville, KY 40208
New
For Sale
$345,000
MULTI_FAMILY - Bungalow - Louisville, KY
Property Size2,312 SF
Price / SF$149.22
Days on Market2
Property Features for 1348 S Brook St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
3
Bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Basement, Bedroom 2, Bedroom 3
Patio and Porch features
Deck
Standard status
Active
APN
08032F00350000
Size
2,312 SF
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air, Ductless
Water source
Public
Building Details
Year built
1920
Number of units
3
Building materials
Brick
Roof type
Shingle
Architectural style
Bungalow
Listing Agency:
EXP Realty LLC
(888) 624-6448
Listed By:
Ethan J Adams · License #244623
(502) 558-8193
Added: Jul 27
Last Checked: Jul 28 at 7:06AM
MLS# 1724532
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 updated triplex includes three 1-bedroom, 1-bathroom units. The units have been updated over the years while maintaining their existing charm. In addition to the three residential units, the property has a detached 2-car garage that is currently rented as storage space for $145 per month.
The home is located in Old Louisville, just steps from St. James Court and within minutes of the University of Louisville.
According to the provided information, the total current rental income is $2,045 per month, with one unit still available for $1,100 per month.
The home is located in Old Louisville, just steps from St. James Court and within minutes of the University of Louisville.
According to the provided information, the total current rental income is $2,045 per month, with one unit still available for $1,100 per month.
Key Highlights
- Triplex with three 1‑bedroom, 1‑bathroom units in Old Louisville.
- Detached 2‑car garage rented as storage for $145/month (additional income).
- Construction materials include brick; roof is shingle.
Financial Insights For Multifamily LT 5
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 | $29.4k | $12.72 |
| − Vacancy | −$1.6k | −$0.70 |
| EGI | $27.8k | $12.02 |
| − OpEx | −$8.3k | −$3.61 |
| NOI | $19.5k | $8.41 |
2,312 SF · lease $12.72/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$277.9K
$243.2K – $324.2K
NOI $19,454 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$224.8K
$196.7K – $262.2K
NOI $15,734 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$599.3K
$524.4K – $699.2K
NOI $41,949 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Triplex offering three 1-bedroom, 1-bath units, plus a detached 2-car garage rented as storage space.
Where is this triplex located?
The property is located at 1348 S Brook St Louisville, KY.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Triplex with three 1‑bedroom, 1‑bathroom units in Old Louisville.; Detached 2‑car garage rented as storage for $145/month (additional income).; Construction materials include brick; roof is shingle.
