Brick Duplex with Covered
For Sale
$429,995
1855 Harvard Dr, Louisville, KY 40205
Two residences feature hardwood floors, stainless steel appliances, and separate kitchens.
Property Size2,009 SF
Price / SF$214.03
Days on Market8
Property Features for 1855 Harvard Dr
General Information
Standard status
Active
Size
2,009 SF
Property subtype
Multi-Family
Building Details
Year Built
1925
Listing Agency:
RE/MAX Premier Properties
Listed By:
Key Associates Signature Realty
(812) 686-3268
Source:
Keyassociates
Added: Sep 30
Changed: Oct 6
Last Checked: Oct 5 at 5:55PM
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 RE/MAX Premier Properties
Investment Insights
Based on property information with market context.
This 2,009-square-foot brick duplex was built in 1925. Each residence has bright living areas, hardwood flooring, generously sized rooms, and a kitchen with stainless steel appliances and ample cabinetry. A covered front porch provides shared outdoor space.
The property is at 1855 Harvard Dr in Louisville, near Bardstown Road, parks, shopping, and dining.
The property is at 1855 Harvard Dr in Louisville, near Bardstown Road, parks, shopping, and dining.
Key Highlights
- Two‑unit brick duplex built in 1925
- 2,009 square feet
- Hardwood flooring and large rooms in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,904
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,080
$338.1K
Cap Rate 7%
$241,486
$241.5K
Cap Rate 9%
$187,822
$187.8K
Market Conditions
NOI Build-Up for 2,009 SF
Gross rent
$25.6K $12.72/SF
− Vacancy
−$1.4K −$0.70/SF
EGI
$24.1K $12.02/SF
− OpEx
−$7.2K −$3.61/SF
NOI
$16.9K $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%
$338,080
Cap Rate 7%
$241,486
Cap Rate 9%
$187,822
Alternative Uses
Best Use
Multifamily LT 5
$241.5K
$211.3K – $281.7K
NOI $16,904 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$195.3K
$170.9K – $227.9K
NOI $13,672 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$520.7K
$455.6K – $607.5K
NOI $36,451 @ 7.0% cap · market cap 8.48%
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
850
Businesses Nearby
Explore this area
Business Placement
Demographics for 40205, KY
24,077
Population
11,021
Households
2.2
Avg Household Size
43
Median Age
65%
College-Educated
97%
High-School Grad
6.9 sq mi
ZIP Area
3,489
Density / Sq Mi
$98,990
Median Household Income
$54,604
Median Earnings
$1,095
Median Rent
$361,900
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature hardwood floors, stainless steel appliances, and separate kitchens.
Where is this duplex located?
The property is located at 1855 Harvard Dr Louisville, KY.
What is the asking price?
The asking price for this property is $429,995.
What are key features of this property?
This property features: Two‑unit brick duplex built in 1925; 2,009 square feet; Hardwood flooring and large rooms in both units
