All-Brick Duplex with Covered
2217 Grinstead Dr Louisville, KY 40204
New
2217 Grinstead Dr, Louisville, KY, 40204
$575,000
For Sale
$575,000
MULTI_FAMILY - Louisville, KY
Property Size1,950 SF
Lot Size0.23 Acres
Price / SF$294.87
Days on Market2
Property Features for 2217 Grinstead Dr
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bedroom 5, Bathroom 2, Basement, Bedroom 3, Bathroom 1, Bedroom 4, Bathroom 3, Bedroom 1
- Patio and Porch features
- Porch
- Standard status
- Active
- APN
- 075C01480000
- Size
- 1,950 SF
- Lot size
- 0.23 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1911
- Number of units
- 2
- Building materials
- Vinyl Siding, Wood Frame, Brick
- Roof type
- Asphalt, Shingle
- Additional Structures
- Outbuilding
Listing Agency
Homepage Realty
(502) 690-6685
8002 New LaGrange Rd, Louisville, KY
Listed by
Kristy Barbour · License #240922
(502) 744-1131
Added: Jul 17 Checked: Jul 18 at 7:06 pm
MLS# 1723724
Listing URL
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 all-brick duplex features two separate units with distinct bedroom and bath layouts. The first-floor unit includes 2 bedrooms and 1 full bath, while the second-floor unit offers 3 bedrooms and 2 full baths. The property has been maintained and updated, including two new furnaces.
Located in the heart of Cherokee Triangle, the home is described as being just minutes from Cherokee Park, Seneca Golf Course, local restaurants and boutiques, nightlife, downtown Louisville, and the airport.
Outside, the duplex includes a rare 4-car covered carport along with ample off-street parking. With an oversized lot and an expansive rear area, the property also presents room for future expansion or additional development. Two tenants are currently in place, providing immediate rental income.
Located in the heart of Cherokee Triangle, the home is described as being just minutes from Cherokee Park, Seneca Golf Course, local restaurants and boutiques, nightlife, downtown Louisville, and the airport.
Outside, the duplex includes a rare 4-car covered carport along with ample off-street parking. With an oversized lot and an expansive rear area, the property also presents room for future expansion or additional development. Two tenants are currently in place, providing immediate rental income.
Key Highlights
- All‑brick duplex built in 1911 with 2 units and shared basement
- Unit mix: first‑floor unit has 2 bedrooms and 1 full bath; second‑floor unit has 3 bedrooms and 2 full baths
- Recent updates include two new furnaces; forced‑air natural gas heat and central air
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.8k | $12.72 |
| − Vacancy | −$1.4k | −$0.70 |
| EGI | $23.4k | $12.02 |
| − OpEx | −$7.0k | −$3.61 |
| NOI | $16.4k | $8.41 |
1,950 SF · lease $12.72/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$234.4K
$205.1K – $273.5K
NOI $16,408 @ 7.0% cap · market cap 2.85%
Second Best
Apartment 5plus
$189.6K
$165.9K – $221.2K
NOI $13,271 @ 7.0% cap · market cap 2.31%
Theoretical Best
Office A
$505.4K
$442.3K – $589.7K
NOI $35,381 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - All-brick duplex offers two rental units, updated with new furnaces and a four-car covered carport with off-street parking.
Where is this duplex located?
The property is located at 2217 Grinstead Dr Louisville, KY.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: All‑brick duplex built in 1911 with 2 units and shared basement; Unit mix: first‑floor unit has 2 bedrooms and 1 full bath; second‑floor unit has 3 bedrooms and 2 full baths; Recent updates include two new furnaces; forced‑air natural gas heat and central air
