Side-by-Side Brick
For Sale
$335,000
3031-3033 Wirth Ave, Louisville, KY 40217
Two separately serviced residences include distinct entrances, HVAC systems, water heaters, and utility meters.
Property Size2,164 SF
Price / SF$154.81
Days on Market13
Property Features for 3031-3033 Wirth Ave
General Information
Standard status
Active
Size
2,164 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Neighborhood
Audubon
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Furnished
Yes
Amenities
first-floor laundry
fenced backyard
patio
unfinished basement
Building Details
Year Built
1910
Buildings
1
Construction
brick ranch
Listing Agency:
Keller Williams Heartland
Listed By:
Key Associates Signature Realty
(812) 686-3268
Source:
Keyassociates
Added: Oct 16
Changed: Oct 27
Last Checked: Oct 28 at 8:27AM
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 Keller Williams Heartland
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Investment Insights
Based on property information with market context.
This 2,164-square-foot duplex in Louisville contains side-by-side residences: one with two bedrooms and one with a single bedroom, each with one bathroom. The two-bedroom unit includes hardwood floors, an updated eat-in kitchen, first-floor laundry, an attached two-car garage, and access to an unfinished basement. It will convey furnished. The other unit is vacant. Both residences have separate entrances, HVAC systems, water heaters, and gas and electric meters.
The property was built in 1910. Shared outdoor features include a fenced backyard and patio. Improvements include double-pane windows, a newer roof, newer exterior doors, and a newer air-conditioning unit. Utility arrangements vary: occupants at 3031 paid gas and electric, while the owner paid those utilities at 3033; water, sewer, and trash are owner-paid.
The property was built in 1910. Shared outdoor features include a fenced backyard and patio. Improvements include double-pane windows, a newer roof, newer exterior doors, and a newer air-conditioning unit. Utility arrangements vary: occupants at 3031 paid gas and electric, while the owner paid those utilities at 3033; water, sewer, and trash are owner-paid.
Key Highlights
- 2,164‑square‑foot duplex built in 1910
- Two‑bedroom, one‑bath unit and one‑bedroom, one‑bath unit
- Separate entrances, HVAC systems, water heaters, and gas and electric meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,209
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,180
$364.2K
Cap Rate 7%
$260,129
$260.1K
Cap Rate 9%
$202,322
$202.3K
Market Conditions
NOI Build-Up for 2,164 SF
Gross rent
$27.5K $12.72/SF
− Vacancy
−$1.5K −$0.70/SF
EGI
$26.0K $12.02/SF
− OpEx
−$7.8K −$3.61/SF
NOI
$18.2K $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%
$364,180
Cap Rate 7%
$260,129
Cap Rate 9%
$202,322
Alternative Uses
Best Use
Multifamily LT 5
$260.1K
$227.6K – $303.5K
NOI $18,209 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$210.4K
$184.1K – $245.5K
NOI $14,727 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$560.9K
$490.8K – $654.4K
NOI $39,264 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
Explore this area
Business Placement
Demographics for 40217, KY
13,061
Population
6,840
Households
1.9
Avg Household Size
36
Median Age
48%
College-Educated
95%
High-School Grad
2.4 sq mi
ZIP Area
5,442
Density / Sq Mi
$68,573
Median Household Income
$48,298
Median Earnings
$1,150
Median Rent
$220,700
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
Frequently Asked Questions
What type of property is this?
Duplex - Two separately serviced residences include distinct entrances, HVAC systems, water heaters, and utility meters.
Where is this duplex located?
The property is located at 3031-3033 Wirth Ave Louisville, KY.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 2,164‑square‑foot duplex built in 1910; Two‑bedroom, one‑bath unit and one‑bedroom, one‑bath unit; Separate entrances, HVAC systems, water heaters, and gas and electric meters
