Duplex with New
For Sale
$190,000
1700 Bolling Ave, Louisville, KY 40210
Two-unit residential property with four bedrooms per unit and recently replaced roof and gutters.
Property Size2,563 SF
Price / SF$74.13
Days on Market92
Property Features for 1700 Bolling Ave
General Information
Standard status
Active
Size
2,563 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1920
Listing Agency:
Covenant Realty LLC
Listed By:
Linda Green
(502) 931-9749
Source:
Familyrealty
Added: Jul 21
Changed: Oct 6
Last Checked: Oct 19 at 8:04AM
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 Covenant Realty LLC
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Investment Insights
Based on property information with market context.
Located at 1700 Bolling Ave in Louisville, this duplex contains two residential units, each offering four bedrooms. The property was built in 1920 and has a new roof and gutters, providing updated exterior improvements for the building.
Key Highlights
- Two‑unit duplex with 4 bedrooms in each unit
- New roof and gutters
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,443
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,860
$348.9K
Cap Rate 7%
$249,186
$249.2K
Cap Rate 9%
$193,811
$193.8K
Market Conditions
NOI Build-Up for 2,563 SF
Gross rent
$33.5K $13.08/SF
− Vacancy
−$1.8K −$0.71/SF
EGI
$31.7K $12.37/SF
− OpEx
−$14.3K −$5.57/SF
NOI
$17.4K $6.81/SF
Area
Louisville, KY
Vacancy
5.40%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,860
Cap Rate 7%
$249,186
Cap Rate 9%
$193,811
Alternative Uses
Best Use
Multifamily LT 5
$308.1K
$269.6K – $359.4K
NOI $21,566 @ 7.0% cap · market cap 11.35%
Second Best
Apartment 5plus
$249.2K
$218.0K – $290.7K
NOI $17,443 @ 7.0% cap · market cap 9.18%
Theoretical Best
Office A
$664.3K
$581.3K – $775.1K
NOI $46,503 @ 7.0% cap · market cap 24.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
Explore this area
Business Placement
Demographics for 40210, KY
14,418
Population
7,137
Households
2
Avg Household Size
36
Median Age
10%
College-Educated
81%
High-School Grad
3.2 sq mi
ZIP Area
4,506
Density / Sq Mi
$35,841
Median Household Income
$23,881
Median Earnings
$822
Median Rent
$93,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with four bedrooms per unit and recently replaced roof and gutters.
Where is this duplex located?
The property is located at 1700 Bolling Ave Louisville, KY.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Two‑unit duplex with 4 bedrooms in each unit; New roof and gutters; Built in 1920
