Furnished Two-Unit
For Sale
$160,000
444 N 28th St, Louisville, KY 40212
Two separate one-bedroom residences are furnished and vacant, with independent secure entrances inside the building.
Property Size1,440 SF
Price / SF$111.11
Days on Market117
Property Features for 444 N 28th St
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Duplex
Site & Location
Neighborhood
Portland
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Furnished
Yes
Amenities
fenced yard
secure entrance
Building Details
Year Built
1900
Listing Agency:
RE/MAX Premier Properties
Listed By:
Jay Pitts · License #207085
(502) 384-5944
Source:
Onthemoverealtors
Added: Jul 7
Changed: Oct 30
Last Checked: Oct 30 at 2:51PM
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 RE/MAX Premier Properties
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Investment Insights
Based on property information with market context.
This 1,440-square-foot duplex contains two furnished units, each with one bedroom and one bathroom. One residence occupies the main floor; the other is upstairs. Both are vacant, and each has a secure entrance inside the building. The property was built in 1900 and previously updated.
The building sits on a corner lot with a fenced yard. Its two-unit configuration and existing furnishings provide a clear setup for residential rental use.
The building sits on a corner lot with a fenced yard. Its two-unit configuration and existing furnishings provide a clear setup for residential rental use.
Key Highlights
- Two units, each with 1 bedroom and 1 bathroom
- 1,440 square feet; built in 1900
- Furnished and vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,117
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,340
$242.3K
Cap Rate 7%
$173,100
$173.1K
Cap Rate 9%
$134,633
$134.6K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$18.3K $12.72/SF
− Vacancy
−$1.0K −$0.70/SF
EGI
$17.3K $12.02/SF
− OpEx
−$5.2K −$3.61/SF
NOI
$12.1K $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%
$242,340
Cap Rate 7%
$173,100
Cap Rate 9%
$134,633
Alternative Uses
Best Use
Multifamily LT 5
$173.1K
$151.5K – $202.0K
NOI $12,117 @ 7.0% cap · market cap 7.57%
Second Best
Apartment 5plus
$140.0K
$122.5K – $163.3K
NOI $9,800 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$373.2K
$326.6K – $435.5K
NOI $26,127 @ 7.0% cap · market cap 16.33%
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
543
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate one-bedroom residences are furnished and vacant, with independent secure entrances inside the building.
Where is this duplex located?
The property is located at 444 N 28th St Louisville, KY.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Two units, each with 1 bedroom and 1 bathroom; 1,440 square feet; built in 1900; Furnished and vacant
