Duplex with Two Distinct Unit
3752 Powell Ave, Louisville, KY 40215
For Sale
New
$175,000
Two occupied units offer one- and two-bedroom configurations, with one full bathroom in each.
Property Size1,358 SF
Price / SF$128.87
Days on Market7
Property Features for 3752 Powell Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Year Built
Listing Agency:
United Real Estate Louisville
Listed By:
Key Associates Signature Realty
(812) 686-3268
Source:
Keyassociates
Added: Nov 8
Changed: Nov 12
Last Checked: Nov 12 at 7:53AM
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
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Investment Insights
Based on property information with market context.
This duplex contains 1,358 square feet across two units: one has 1 bedroom and 1 full bathroom, while the other has 2 bedrooms and 1 full bathroom. The property was built in 1915, and its roof is 8 years old. Both units have long-term tenants.
Key Highlights
- Two units: one 1‑bedroom/1‑bathroom unit and one 2‑bedroom/1‑bathroom unit
- 1,358 square feet of building area
- Roof is 8 years old
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,427
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$228,540
$228.5K
Cap Rate 7%
$163,243
$163.2K
Cap Rate 9%
$126,967
$127.0K
Market Conditions
NOI Build-Up for 1,358 SF
Gross rent
$17.3K $12.72/SF
− Vacancy
−$950 −$0.70/SF
EGI
$16.3K $12.02/SF
− OpEx
−$4.9K −$3.61/SF
NOI
$11.4K $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%
$228,540
Cap Rate 7%
$163,243
Cap Rate 9%
$126,967
Alternative Uses
Best Use
Multifamily LT 5
$163.2K
$142.8K – $190.5K
NOI $11,427 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$132.0K
$115.5K – $154.0K
NOI $9,242 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$352.0K
$308.0K – $410.7K
NOI $24,640 @ 7.0% cap · market cap 14.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
Explore this area
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
$106,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Louisville, KY
Properties on Market for Duplexes in Louisville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units offer one- and two-bedroom configurations, with one full bathroom in each.
Where is this duplex located?
The property is located at 3752 Powell Ave Louisville, KY.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Two units: one 1‑bedroom/1‑bathroom unit and one 2‑bedroom/1‑bathroom unit; 1,358 square feet of building area; Roof is 8 years old
