405 Macon Avenue Louisville, KY 40207
MULTI_FAMILY - Louisville, KY
- Added:
- Jul 7, 2026
- Days on Market:
- 6
- Last Refresh:
- Jul 12 at 7:06 am
Property Features for 405 Macon Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 3
- Parking features
- On Street, Off Street, Garage
- Patio and Porch features
- Deck
- Interior features
- Ceiling Fan(s)
- Exterior features
- Deck
- Standard status
- Active
- Lot size
- 0.14 Acres
Building Details
- Year built
- 1942
- Number of units
- 2
- Roof type
- Shingle
Listing agent Nathan Bellows (502) 214-0353
Listing office SEMONIN REALTORS-HURSTBOURNE 13906 Promenade Green Way Suite 100, Elizabethtown, KY (502) 420-5000
Listing date Jul 7, 2026
Copyright © 2026 Heart of Kentucky 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.
The property is located in St. Matthews, providing convenient access to restaurants, shopping, parks, hospitals, and downtown Louisville. With amenities nearby, the duplex supports a range of tenant preferences while maintaining a character-filled, residential setting.
For owner-occupants, the layout allows you to live in one renovated unit while rental income from the second unit helps offset housing costs. For investors, the duplex configuration, in-unit laundry features, and separate utilities can simplify operations compared with setups that require shared utility management. The property’s combination of updates, functional storage space in partially finished basements, and attached garage parking supports durable livability for tenants.
Key Highlights
- Duplex in St. Matthews with two spacious units totaling over 3,500 sq ft in a well‑maintained brick building
- Year built 1942 with shingle roof and ceiling fans
- Unit 1: 2 bedrooms, 1 full bath, hardwood floors and fireplace, updated kitchen and bath, in‑unit laundry, partially finished basement, semi‑private deck, garage parking
Local Financial Insights For Multifamily LT 5
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 | $44.5k | $12.72 |
| − Vacancy | −$2.4k | −$0.70 |
| EGI | $42.1k | $12.02 |
| − OpEx | −$12.6k | −$3.61 |
| NOI | $29.4k | $8.41 |
