Four-Bedroom
For Sale
$190,000
1700 Bolling Ave, Louisville, KY 40210
Multi Family, Louisville, KY
Property Size2,563 SF
Price / SF$74.13
Days on Market94
Property Features for 1700 Bolling Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bathroom 1, Bedroom 8, Bedroom 4, Bathroom 4, Bedroom 7, Bedroom 3, Bedroom 1, Bathroom 3, Bedroom 6, Bedroom 2, Bathroom 2
Lot features
Corner Lot
Directions
W Jefferson St-R onto 22nd St-L onto W Hill St-Lonto S 17th St-L onto Bolling Av-property on the L corner
Subdivision
01-Dtwn Old Louisville/Shively/West Lou
Standard status
Active
APN
039F01140000
Size
2,563 SF
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1920
Number of units
2
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Covenant Realty LLC
(502) 797-4761
Listed By:
Linda Green
(502) 931-9749
Added: Jun 11
Changed: Sep 4
Last Checked: Sep 12 at 3:06AM
MLS# 1720189
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 duplex contains 2,563 square feet and was built in 1920. Each unit includes four bedrooms, providing eight bedrooms across the property, along with four bathrooms identified in the room layout. Vinyl siding, central air, and a shingle roof are among the existing building features, while the roof and gutters have been replaced.
The property is served by public water and public sewer. Its Louisville location is identified by the 40210 postal code, with the property situated on Bolling Ave.
The property is served by public water and public sewer. Its Louisville location is identified by the 40210 postal code, with the property situated on Bolling Ave.
Key Highlights
- Duplex with four bedrooms in each unit
- 2,563 square feet across the property
- Eight bedrooms and four bathrooms identified in the room layout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,443
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
437
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
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 - Two residential units offer four bedrooms each, central air, and updated roof and gutter improvements.
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: Duplex with four bedrooms in each unit; 2,563 square feet across the property; Eight bedrooms and four bathrooms identified in the room layout
