Updated Two-Unit
For Sale
$175,000
4141 W Market St, Louisville, KY 40212
Both residences feature refreshed interiors, kitchens, living areas, and generous closet storage.
Property Size1,543 SF
Price / SF$113.42
Days on Market75
Property Features for 4141 W Market St
General Information
Standard status
Active
Size
1,543 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Shawnee
Building Details
Year Built
1920
Listing Agency:
Homepage Realty
Listed By:
Rebecca L O'Toole
(502) 974-0510
Source:
Familyrealty
Added: Aug 15
Changed: Oct 26
Last Checked: Oct 28 at 9:11AM
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 Homepage Realty
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Investment Insights
Based on property information with market context.
Built in 1920, this duplex contains two separate residences, each configured with two bedrooms and one bathroom. Both units have been updated and include practical living areas, kitchens, and ample closet storage.
The property is fully leased to long-term tenants, offering an established occupancy profile for an investor. Its two-unit layout provides a straightforward residential income property configuration in Louisville.
The property is fully leased to long-term tenants, offering an established occupancy profile for an investor. Its two-unit layout provides a straightforward residential income property configuration in Louisville.
Key Highlights
- Two 2‑bedroom, 1‑bath units
- Both residences have received updates
- Fully rented to long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,983
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,660
$259.7K
Cap Rate 7%
$185,471
$185.5K
Cap Rate 9%
$144,256
$144.3K
Market Conditions
NOI Build-Up for 1,543 SF
Gross rent
$19.6K $12.72/SF
− Vacancy
−$1.1K −$0.70/SF
EGI
$18.5K $12.02/SF
− OpEx
−$5.6K −$3.61/SF
NOI
$13.0K $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%
$259,660
Cap Rate 7%
$185,471
Cap Rate 9%
$144,256
Alternative Uses
Best Use
Multifamily LT 5
$185.5K
$162.3K – $216.4K
NOI $12,983 @ 7.0% cap · market cap 7.42%
Second Best
Apartment 5plus
$150.0K
$131.3K – $175.0K
NOI $10,501 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$399.9K
$350.0K – $466.6K
NOI $27,996 @ 7.0% cap · market cap 16.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
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Business Placement
Demographics for 40212, KY
16,360
Population
8,061
Households
2
Avg Household Size
38
Median Age
13%
College-Educated
81%
High-School Grad
3.8 sq mi
ZIP Area
4,305
Density / Sq Mi
$35,389
Median Household Income
$28,506
Median Earnings
$917
Median Rent
$78,100
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 - Both residences feature refreshed interiors, kitchens, living areas, and generous closet storage.
Where is this duplex located?
The property is located at 4141 W Market St 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 2‑bedroom, 1‑bath units; Both residences have received updates; Fully rented to long‑term tenants
