Well-Maintained Duplex With Remodeled
For Sale
$210,000
2826 W Chestnut St, Louisville, KY 40211
Spacious duplex with open living/dining areas, washer-dryer hookups, remodeled bathrooms, and newer roof and HVAC systems.
Days on Market70
Property Features for 2826 W Chestnut St
General Information
Standard status
Active
Property subtype
Multi Family Home
Occupancy
50%
Additional Details
Multifamily Units
2
Amenities
open Living/Dining area
washer-dryer hookups
extra storage potential in the basement
Building Details
Building Size
2,800 SF
Year Built
1900
Tenancy
Multi
Listing Agency:
United Real Estate Louisville
(502) 220-3854
Listed By:
Teresa Armstrong · License #260860
(502) 220-3854
Source:
Demareeandhubbard
Added: May 23
Changed: Jul 26
Last Checked: Jul 30 at 11:54AM
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 United Real Estate Louisville
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two units: a 4-bedroom, 1-bath layout that spans three levels and a 2-bedroom, 1-bath unit with a two-level layout. Both units include an open living/dining area and washer-dryer hookups, and there is additional storage potential in the basement. Both bathrooms have been remodeled, and the property features a roof that is 4 years old along with new HVAC units.
Tenants are on month-to-month leases, and the owner occupies the other unit, providing flexibility for future buyers. A 48-hour notice is required due to tenants.
The seller currently rents rooms for the front unit, and when fully occupied the property brings in $2,400 per month. The location is convenient to downtown, shopping, dining, and major roadways.
Tenants are on month-to-month leases, and the owner occupies the other unit, providing flexibility for future buyers. A 48-hour notice is required due to tenants.
The seller currently rents rooms for the front unit, and when fully occupied the property brings in $2,400 per month. The location is convenient to downtown, shopping, dining, and major roadways.
Key Highlights
- Duplex built in 1900 with two separate units: 4‑bed/1‑bath and 2‑bed/1‑bath
- 4‑bedroom unit spans 3 levels; 2‑bedroom unit has a functional two‑level layout
- Both units feature open living/dining areas and washer‑dryer hookups
Financial Insights For Apartment 5plus
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 | $36.6k | $13.08 |
| − Vacancy | −$2.0k | −$0.71 |
| EGI | $34.6k | $12.37 |
| − OpEx | −$15.6k | −$5.57 |
| NOI | $19.1k | $6.81 |
2,800 SF · lease $13.08/SF/yr · vacancy 5.40% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$336.6K
$294.5K – $392.7K
NOI $23,560 @ 7.0% cap · market cap 11.22%
Second Best
Apartment 5plus
$272.2K
$238.2K – $317.6K
NOI $19,055 @ 7.0% cap · market cap 9.07%
Theoretical Best
Office A
$725.8K
$635.0K – $846.7K
NOI $50,803 @ 7.0% cap · market cap 24.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
50%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
755
Businesses Nearby
Explore this area
Business Placement
Demographics for 40211, KY
21,310
Population
11,450
Households
1.9
Avg Household Size
37
Median Age
11%
College-Educated
86%
High-School Grad
7.3 sq mi
ZIP Area
2,919
Density / Sq Mi
$32,598
Median Household Income
$28,245
Median Earnings
$925
Median Rent
$97,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Spacious duplex with open living/dining areas, washer-dryer hookups, remodeled bathrooms, and newer roof and HVAC systems.
Where is this duplex located?
The property is located at 2826 W Chestnut St Louisville, KY.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Duplex built in 1900 with two separate units: 4‑bed/1‑bath and 2‑bed/1‑bath; 4‑bedroom unit spans 3 levels; 2‑bedroom unit has a functional two‑level layout; Both units feature open living/dining areas and washer‑dryer hookups
