Triplex with Vacant
For Sale
$545,200
1522 Rosewood Ave, Louisville, KY 40204
Two leased apartments and a vacant studio provide a flexible three-unit configuration with shared amenities.
Property Size3,032 SF
Price / SF$179.82
Days on Market47
Property Features for 1522 Rosewood Ave
General Information
Standard status
Active
Size
3,032 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Tyler Park
Building Details
Year Built
1910
Listing Agency:
Semonin Realtors
Listed By:
Ruby J Neichter · License #181331
Source:
Familyrealty
Added: Sep 15
Changed: Oct 25
Last Checked: Oct 7 at 3:14PM
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 Semonin Realtors
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Investment Insights
Based on property information with market context.
Built in 1910, this 3,032-square-foot triplex includes two similar apartments and a third-floor studio. The first- and second-floor residences each have 2 bedrooms, 1 bath, hardwood flooring, and outdoor space. Both are leased through mid-2027. The third-floor studio is vacant, offering straightforward access for showings and a separate unit configuration. Basement amenities include storage and shared laundry, while off-street parking serves the property.
Located at 1522 Rosewood Ave in Louisville, the property is near Tyler Park. The owner covers water and trash, while tenants pay LGE. The combination of two occupied apartments, a vacant studio, basement facilities, and outdoor areas creates a defined three-unit layout.
Located at 1522 Rosewood Ave in Louisville, the property is near Tyler Park. The owner covers water and trash, while tenants pay LGE. The combination of two occupied apartments, a vacant studio, basement facilities, and outdoor areas creates a defined three-unit layout.
Key Highlights
- 3,032‑square‑foot triplex built in 1910
- Two 2‑bedroom, 1‑bath apartments with hardwood floors
- Both occupied apartments have leases extending to mid‑2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,512
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,240
$510.2K
Cap Rate 7%
$364,457
$364.5K
Cap Rate 9%
$283,467
$283.5K
Market Conditions
NOI Build-Up for 3,032 SF
Gross rent
$38.6K $12.72/SF
− Vacancy
−$2.1K −$0.70/SF
EGI
$36.4K $12.02/SF
− OpEx
−$10.9K −$3.61/SF
NOI
$25.5K $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%
$510,240
Cap Rate 7%
$364,457
Cap Rate 9%
$283,467
Alternative Uses
Best Use
Multifamily LT 5
$364.5K
$318.9K – $425.2K
NOI $25,512 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$294.8K
$257.9K – $343.9K
NOI $20,634 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$785.9K
$687.7K – $916.9K
NOI $55,013 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,186
Businesses Nearby
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Business Placement
Demographics for 40204, KY
14,600
Population
8,759
Households
1.7
Avg Household Size
38
Median Age
63%
College-Educated
97%
High-School Grad
3.2 sq mi
ZIP Area
4,563
Density / Sq Mi
$70,706
Median Household Income
$50,246
Median Earnings
$1,225
Median Rent
$314,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Two leased apartments and a vacant studio provide a flexible three-unit configuration with shared amenities.
Where is this triplex located?
The property is located at 1522 Rosewood Ave Louisville, KY.
What is the asking price?
The asking price for this property is $545,200.
What are key features of this property?
This property features: 3,032‑square‑foot triplex built in 1910; Two 2‑bedroom, 1‑bath apartments with hardwood floors; Both occupied apartments have leases extending to mid‑2027
