Brick Ranch
New
For Sale
$335,000
3031-3033 Wirth Ave, Louisville, KY 40217
Multi Family, Louisville, KY
Property Size2,164 SF
Lot Size0.24 Acres
Price / SF$154.81
Days on Market1
Property Features for 3031-3033 Wirth Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 1, Bathroom 1, Dining Room, Bedroom 2, Bedroom 3, Bathroom 2
Patio and Porch features
Patio
Directions
From I-264 (Watterson Expressway), take Exit 15 for Poplar Level Road and head north. Turn right onto Hess Lane, then right onto Wirth Avenue. The property will be on the left.
Subdivision
02-Butchertwn/Hghlnds/Germantwn
Standard status
Active
APN
084F01910023
Size
2,164 SF
Lot size
0.24 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
1st-floor laundry
unfinished basement
fenced backyard
patio
Building Details
Year built
1910
Number of units
2
Building materials
Vinyl Siding, Brick
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Homepage Realty
(502) 690-6685
Listed By:
Angie Tonini-Rogers
(502) 210-8880
Added: Oct 14
Last Checked: Oct 14 at 4:06PM
MLS# 1731822
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 2,164-square-foot ranch-style duplex contains two side-by-side residences, with one two-bedroom, one-bath layout and one one-bedroom, one-bath layout. Each has its own entrance, HVAC system, water heater, and gas and electric meters. The property also includes an attached two-car garage, an unfinished basement, and shared outdoor space with a patio. Hardwood flooring, an updated eat-in kitchen, and first-floor laundry are among the interior features. Improvements include double-pane windows, exterior doors, a roof, and an air-conditioning unit described as newer.
Set on a 0.24-acre lot in Louisville, the property is near Audubon Park, the Highlands, the University of Louisville, hospitals, shopping, dining, parks, and major expressways. Construction dates to 1910; the exterior includes brick and vinyl siding, with a shingle roof.
Set on a 0.24-acre lot in Louisville, the property is near Audubon Park, the Highlands, the University of Louisville, hospitals, shopping, dining, parks, and major expressways. Construction dates to 1910; the exterior includes brick and vinyl siding, with a shingle roof.
Key Highlights
- Two side‑by‑side units: one 2‑bedroom, 1‑bath and one 1‑bedroom, 1‑bath
- 2,164 square feet on a 0.24‑acre lot
- Separate entrances, HVAC systems, water heaters, gas meters, 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
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Current Use
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences have individual entrances and dedicated HVAC systems, water heaters, gas meters, and electric 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: Two side‑by‑side units: one 2‑bedroom, 1‑bath and one 1‑bedroom, 1‑bath; 2,164 square feet on a 0.24‑acre lot; Separate entrances, HVAC systems, water heaters, gas meters, and electric meters
