New Construction Duplex with
601 E Hill St #A & B, Louisville, KY 40217
For Sale
$514,000
Separate utility meters and rear off-street parking support independent occupancy of both residences.
Property Size3,000 SF
Price / SF$171.33
Days on Market185
Property Features for 601 E Hill St #A & B
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Amenities
Balcony
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Weichert Realtors - ABG
(502) 893-1900
Listed By:
Grant F Simmons
(502) 552-2492
Source:
Gstarksrealty
Added: May 13
Changed: Nov 9
Last Checked: Nov 12 at 10:45PM
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 Weichert Realtors - ABG
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2026, this duplex contains two separate residences, each with 3 bedrooms and 2 full bathrooms. Both units include a primary suite with a private bathroom. The upper-level unit also has front and rear balconies, while the property provides rear off-street parking and additional on-street parking on E Hill Street and S Hancock Street.
Each residence is separately metered. The property is located in Louisville’s Meriwether neighborhood, minutes from UofL, Shelby Park, and the Highlands.
Each residence is separately metered. The property is located in Louisville’s Meriwether neighborhood, minutes from UofL, Shelby Park, and the Highlands.
Key Highlights
- New construction duplex completed in 2026
- Two units, each with 3 bedrooms and 2 full bathrooms
- Primary suite with private bath in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,243
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$504,860
$504.9K
Cap Rate 7%
$360,614
$360.6K
Cap Rate 9%
$280,478
$280.5K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$38.2K $12.72/SF
− Vacancy
−$2.1K −$0.70/SF
EGI
$36.1K $12.02/SF
− OpEx
−$10.8K −$3.61/SF
NOI
$25.2K $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%
$504,860
Cap Rate 7%
$360,614
Cap Rate 9%
$280,478
Alternative Uses
Best Use
Multifamily LT 5
$360.6K
$315.5K – $420.7K
NOI $25,243 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$291.7K
$255.2K – $340.3K
NOI $20,417 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$777.6K
$680.4K – $907.2K
NOI $54,432 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
616
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
$220,700
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Louisville, KY
Properties on Market for Duplexes in Louisville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utility meters and rear off-street parking support independent occupancy of both residences.
Where is this duplex located?
The property is located at 601 E Hill St #A & B Louisville, KY.
What is the asking price?
The asking price for this property is $514,000.
What are key features of this property?
This property features: New construction duplex completed in 2026; Two units, each with 3 bedrooms and 2 full bathrooms; Primary suite with private bath in each unit
