1443 S 32nd St Louisville, KY 40211
MULTI_FAMILY - Ranch - Louisville, KY
- Added:
- Jun 23, 2026
- Days on Market:
- 20
- Last Refresh:
- Jul 12 at 7:06 am
Property Features for 1443 S 32nd St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
- Patio and Porch features
- Porch
- Standard status
- Active
- APN
- 048H01310000
- Size
- 1,143 SF
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1936
- Number of units
- 2
- Building materials
- Wood Frame
- Roof type
- Shingle
- Architectural style
- Ranch
Listing agent The Jake Wardrip Realty Group (502) 708-7777
Listing office Homepage Realty 8002 New LaGrange Rd, Louisville, KY (502) 690-6685
Listing date Jun 23, 2026
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.
One unit is currently leased under a 24-month contract, providing in place occupancy while you evaluate the remaining unit. The property is located in Louisville near downtown employers, restaurants, and entertainment.
For buyers seeking a residential income property, the current lease offers immediate rental status, while the updated, move-in-ready condition in both units supports a straightforward operations profile. The duplex layout also suits a range of owner-occupant and investor needs, including living in one unit while renting the other. With on-site parking and independent unit finishes highlighted across both units, this property is positioned for practical day-to-day management.
Key Highlights
- Duplex in downtown Louisville with one unit leased at $780/month on a 24‑month contract
- 1 bed/1 bath in each unit; updated bathrooms, newer flooring, fresh paint, and included appliances
- Built in 1936 with wood frame construction, shingle roof, and natural gas heating
Local 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 | $14.5k | $12.72 |
| − Vacancy | −$800 | −$0.70 |
| EGI | $13.7k | $12.02 |
| − OpEx | −$4.1k | −$3.61 |
| NOI | $9.6k | $8.41 |
