Two-Unit
For Sale
$189,900
3704 Taylor Blvd, Louisville, KY 40215
Separate LGE billing and divided water service provide distinct utility arrangements for the two units.
Property Size2,418 SF
Price / SF$78.54
Days on Market178
Property Features for 3704 Taylor Blvd
General Information
Standard status
Active
Size
2,418 SF
Property subtype
Duplex
Site & Location
Neighborhood
Jacobs
Units
Multifamily Units
2
Individually Metered Utilities
electricity
Additional Details
Gross Income
$28,200
Tenant in Place
Yes
Building Details
Year Built
1900
Listing Agency:
Neighbors Realty Group
Listed By:
Jay Leisten · License #248160
(502) 338-3594
Source:
Onthemoverealtors
Added: May 7
Changed: Oct 30
Last Checked: Oct 30 at 2:46PM
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 Neighbors Realty Group
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Investment Insights
Based on property information with market context.
This 2,418-square-foot duplex, built in 1900, contains two units, with Unit 2 currently occupied. Updates were made in 2021. Unit 2 has LVP flooring in the kitchen and carpet in the living room; both bedroom/office spaces feature engineered hardwood. The property has a park view.
LGE is billed separately, and water service is split between the units.
LGE is billed separately, and water service is split between the units.
Key Highlights
- 2,418‑square‑foot duplex with two units
- Built in 1900
- Unit 2 is occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,456
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,120
$329.1K
Cap Rate 7%
$235,086
$235.1K
Cap Rate 9%
$182,844
$182.8K
Market Conditions
NOI Build-Up for 2,418 SF
Gross rent
$31.6K $13.08/SF
− Vacancy
−$1.7K −$0.71/SF
EGI
$29.9K $12.37/SF
− OpEx
−$13.5K −$5.57/SF
NOI
$16.5K $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%
$329,120
Cap Rate 7%
$235,086
Cap Rate 9%
$182,844
Alternative Uses
Best Use
Multifamily LT 5
$290.7K
$254.3K – $339.1K
NOI $20,346 @ 7.0% cap · market cap 10.71%
Second Best
Apartment 5plus
$235.1K
$205.7K – $274.3K
NOI $16,456 @ 7.0% cap · market cap 8.67%
Theoretical Best
Office A
$626.7K
$548.4K – $731.2K
NOI $43,872 @ 7.0% cap · market cap 23.10%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
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Business Placement
Demographics for 40215, KY
21,230
Population
9,070
Households
2.3
Avg Household Size
35
Median Age
13%
College-Educated
79%
High-School Grad
3.5 sq mi
ZIP Area
6,066
Density / Sq Mi
$42,762
Median Household Income
$32,815
Median Earnings
$976
Median Rent
$106,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate LGE billing and divided water service provide distinct utility arrangements for the two units.
Where is this duplex located?
The property is located at 3704 Taylor Blvd Louisville, KY.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: 2,418‑square‑foot duplex with two units; Built in 1900; Unit 2 is occupied
