Duplex with Private
For Sale
$149,900
1443 S 32nd St, Louisville, KY 40211
Both residences offer one bedroom and one bathroom, with refreshed interiors and appliances.
Property Size1,143 SF
Price / SF$131.15
Days on Market8
Property Features for 1443 S 32nd St
General Information
Standard status
Active
Size
1,143 SF
Property subtype
Multi-Family
Building Details
Year Built
1936
Listing Agency:
Homepage Realty
Listed By:
The Jake Wardrip Realty Group
(502) 269-1069
Source:
Familyrealty
Added: Sep 30
Last Checked: Oct 7 at 1:03PM
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 Homepage Realty
Investment Insights
Based on property information with market context.
This two-unit property, built in 1936, has one bedroom and one bathroom in each residence. Interior improvements include updated bathrooms, newer flooring, fresh paint, and appliances. The property also has a newer roof, a corner-lot setting, and private on-site parking. One unit is leased under a 24-month contract.
At 1443 S 32nd St in Louisville, the property is described as close to downtown employers, restaurants, and entertainment.
At 1443 S 32nd St in Louisville, the property is described as close to downtown employers, restaurants, and entertainment.
Key Highlights
- Two units, each with 1 bedroom and 1 bathroom
- One unit leased under a 24‑month contract
- Updated bathrooms, newer flooring, fresh paint, and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,618
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$192,360
$192.4K
Cap Rate 7%
$137,400
$137.4K
Cap Rate 9%
$106,867
$106.9K
Market Conditions
NOI Build-Up for 1,143 SF
Gross rent
$14.5K $12.72/SF
− Vacancy
−$800 −$0.70/SF
EGI
$13.7K $12.02/SF
− OpEx
−$4.1K −$3.61/SF
NOI
$9.6K $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%
$192,360
Cap Rate 7%
$137,400
Cap Rate 9%
$106,867
Alternative Uses
Best Use
Multifamily LT 5
$137.4K
$120.2K – $160.3K
NOI $9,618 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$111.1K
$97.2K – $129.7K
NOI $7,779 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$296.3K
$259.2K – $345.7K
NOI $20,739 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
Explore this area
Business Placement
Demographics for 40211, KY
21,310
Population
11,450
Households
1.9
Avg Household Size
37
Median Age
11%
College-Educated
86%
High-School Grad
7.3 sq mi
ZIP Area
2,919
Density / Sq Mi
$32,598
Median Household Income
$28,245
Median Earnings
$925
Median Rent
$97,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer one bedroom and one bathroom, with refreshed interiors and appliances.
Where is this duplex located?
The property is located at 1443 S 32nd St Louisville, KY.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Two units, each with 1 bedroom and 1 bathroom; One unit leased under a 24‑month contract; Updated bathrooms, newer flooring, fresh paint, and appliances
