Updated 2-Unit
For Sale
$170,000
4143 W Market St, Louisville, KY 40212
Each residence has two bedrooms and one bathroom, with long-term tenants currently in place.
Property Size1,663 SF
Price / SF$102.22
Days on Market47
Property Features for 4143 W Market St
General Information
Standard status
Active
Size
1,663 SF
Property subtype
Multi Family Home
Occupancy
100%
Site & Location
Neighborhood
Shawnee
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Building Details
Building Size
1,663 SF
Year Built
1912
Buildings
1
Stories
2
Units
2
Listing Agency:
Homepage Realty
(502) 690-6685
Listed By:
Rebecca L O'Toole
(502) 974-0510
Source:
Gstarksrealty
Added: Sep 14
Changed: Oct 26
Last Checked: Oct 29 at 10:00PM
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.
This 1,663-square-foot duplex was built in 1912 and has received updates. It comprises two units, each with two bedrooms and one bathroom. Both residences are currently occupied by long-term tenants.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,663 square feet
- Built in 1912
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,993
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,860
$279.9K
Cap Rate 7%
$199,900
$199.9K
Cap Rate 9%
$155,478
$155.5K
Market Conditions
NOI Build-Up for 1,663 SF
Gross rent
$21.2K $12.72/SF
− Vacancy
−$1.2K −$0.70/SF
EGI
$20.0K $12.02/SF
− OpEx
−$6.0K −$3.61/SF
NOI
$14.0K $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%
$279,860
Cap Rate 7%
$199,900
Cap Rate 9%
$155,478
Alternative Uses
Best Use
Multifamily LT 5
$199.9K
$174.9K – $233.2K
NOI $13,993 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$161.7K
$141.5K – $188.6K
NOI $11,318 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$431.0K
$377.2K – $502.9K
NOI $30,173 @ 7.0% cap · market cap 17.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Explore this area
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 - Each residence has two bedrooms and one bathroom, with long-term tenants currently in place.
Where is this duplex located?
The property is located at 4143 W Market St Louisville, KY.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,663 square feet; Built in 1912
