Duplex with Carriage
For Sale
$600,000
513 Atwood St, Louisville, KY 40217
C-1 zoning and a separate carriage house add flexibility to this renovated two-unit property.
Property Size2,743 SF
Price / SF$218.74
Days on Market10
Property Features for 513 Atwood St
General Information
Standard status
Active
Size
2,743 SF
Property subtype
Multi-Family
Building Details
Year Built
1914
Listing Agency:
Sell With Hale Realty & Auction
Listed By:
Mike Hall
(502) 509-5131
Source:
Mlsky
Added: Sep 28
Changed: Oct 3
Last Checked: Oct 5 at 7:02PM
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 Sell With Hale Realty & Auction
Investment Insights
Based on property information with market context.
This 2,743-square-foot duplex was renovated in 2017, with work that included rebuilding the second floor and converting the garage into a legal accessory dwelling unit. Interior features include an open kitchen with quartz counters and custom cabinetry, two downstairs bedrooms sharing a Jack-and-Jill bath, and an upper-level primary suite with an adjoining study. Heated floors, a steam shower, a sauna, and solar are also part of the property.
A separate renovated carriage house of approximately 600 square feet accompanies the main residence. The property is zoned C-1, and the listing identifies the accessory dwelling unit as a legal ADU.
A separate renovated carriage house of approximately 600 square feet accompanies the main residence. The property is zoned C-1, and the listing identifies the accessory dwelling unit as a legal ADU.
Key Highlights
- 2,743‑square‑foot duplex with a legal accessory dwelling unit
- C‑1 zoning
- Approximately 600ft carriage house, renovated within the last 10 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,080
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,600
$461.6K
Cap Rate 7%
$329,714
$329.7K
Cap Rate 9%
$256,444
$256.4K
Market Conditions
NOI Build-Up for 2,743 SF
Gross rent
$34.9K $12.72/SF
− Vacancy
−$1.9K −$0.70/SF
EGI
$33.0K $12.02/SF
− OpEx
−$9.9K −$3.61/SF
NOI
$23.1K $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%
$461,600
Cap Rate 7%
$329,714
Cap Rate 9%
$256,444
Alternative Uses
Best Use
Multifamily LT 5
$329.7K
$288.5K – $384.7K
NOI $23,080 @ 7.0% cap · market cap 3.85%
Second Best
Apartment 5plus
$266.7K
$233.4K – $311.1K
NOI $18,668 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$711.0K
$622.1K – $829.5K
NOI $49,769 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
792
Businesses Nearby
Explore this area
Business Placement
Demographics for 40217, KY
13,061
Population
6,840
Households
1.9
Avg Household Size
36
Median Age
48%
College-Educated
95%
High-School Grad
2.4 sq mi
ZIP Area
5,442
Density / Sq Mi
$68,573
Median Household Income
$48,298
Median Earnings
$1,150
Median Rent
$220,700
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
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Frequently Asked Questions
What type of property is this?
Duplex - C-1 zoning and a separate carriage house add flexibility to this renovated two-unit property.
Where is this duplex located?
The property is located at 513 Atwood St Louisville, KY.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2,743‑square‑foot duplex with a legal accessory dwelling unit; C‑1 zoning; Approximately 600ft carriage house, renovated within the last 10 years
