Two-Unit Duplex with Private
New
For Sale
$139,000
2014 Bank St, Louisville, KY 40203
Recently renovated property offers separate upper- and lower-level residences, each with its own entrance.
Property Size1,543 SF
Price / SF$90.08
Days on Market3
Property Features for 2014 Bank St
General Information
Standard status
Active
Size
1,543 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Portland
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
RE/MAX Premier Properties
Listed By:
Mike Hall
(502) 509-5131
Source:
Mlsky
Added: Nov 4
Last Checked: Nov 4 at 12:03PM
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
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Investment Insights
Based on property information with market context.
This 1,543-square-foot duplex contains two residences, one on the upper level and one below. Each unit has one bedroom, one bathroom, a kitchen, and a separate entrance. The property was remodeled and includes windows throughout that bring in natural light.
Parking options include off-street spaces at the rear and street parking. The building dates to 1900.
Parking options include off-street spaces at the rear and street parking. The building dates to 1900.
Key Highlights
- Two units, each with one bedroom and one bathroom
- 1,543 square feet across upper- and lower‑level residences
- Separate entrance for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,501
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$210,020
$210.0K
Cap Rate 7%
$150,014
$150.0K
Cap Rate 9%
$116,678
$116.7K
Market Conditions
NOI Build-Up for 1,543 SF
Gross rent
$20.2K $13.08/SF
− Vacancy
−$1.1K −$0.71/SF
EGI
$19.1K $12.37/SF
− OpEx
−$8.6K −$5.57/SF
NOI
$10.5K $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%
$210,020
Cap Rate 7%
$150,014
Cap Rate 9%
$116,678
Alternative Uses
Best Use
Multifamily LT 5
$185.5K
$162.3K – $216.4K
NOI $12,983 @ 7.0% cap · market cap 9.34%
Second Best
Apartment 5plus
$150.0K
$131.3K – $175.0K
NOI $10,501 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$399.9K
$350.0K – $466.6K
NOI $27,996 @ 7.0% cap · market cap 20.14%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
745
Businesses Nearby
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Business Placement
Demographics for 40203, KY
16,801
Population
10,754
Households
1.6
Avg Household Size
37
Median Age
22%
College-Educated
86%
High-School Grad
2.9 sq mi
ZIP Area
5,793
Density / Sq Mi
$31,430
Median Household Income
$32,581
Median Earnings
$828
Median Rent
$179,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Louisville, KY
Properties on Market for Duplexes in Louisville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Recently renovated property offers separate upper- and lower-level residences, each with its own entrance.
Where is this duplex located?
The property is located at 2014 Bank St Louisville, KY.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Two units, each with one bedroom and one bathroom; 1,543 square feet across upper- and lower‑level residences; Separate entrance for each unit
