Two-Unit Duplex with Covered
For Sale
$350,000
625 E Hill St, Louisville, KY 40217
Two occupied homes share one parcel, each with an eat-in kitchen, covered porch, and laundry hookups.
Property Size2,304 SF
Price / SF$151.91
Days on Market48
Property Features for 625 E Hill St
General Information
Standard status
Active
Size
2,304 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
Old Louisville
Highway Access
Yes
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Amenities
covered porch
laundry hook-ups
Building Details
Year Built
2000
Buildings
2
Tenancy
Multi
Listing Agency:
RE/MAX Premier Properties
Listed By:
Mike Hall
(502) 509-5131
Source:
Mlsky
Added: Sep 20
Changed: Nov 5
Last Checked: Nov 6 at 8:04AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex comprises two separate homes on one parcel, totaling 2,304 SF. Each residence offers 3 bedrooms and 1.5 baths, with an eat-in kitchen, a first-floor half bath, laundry hookups, and a covered porch. The layouts provide distinct living spaces within a two-home configuration.
Both units are currently occupied. Showings require 48 hours’ notice. The property is in the Merriwether neighborhood with access to I-65 for travel around the city.
Both units are currently occupied. Showings require 48 hours’ notice. The property is in the Merriwether neighborhood with access to I-65 for travel around the city.
Key Highlights
- Two separate homes sold together as a duplex
- 2,304 SF total property size
- Each unit has 3 bedrooms and 1.5 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,387
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,740
$387.7K
Cap Rate 7%
$276,957
$277.0K
Cap Rate 9%
$215,411
$215.4K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$29.3K $12.72/SF
− Vacancy
−$1.6K −$0.70/SF
EGI
$27.7K $12.02/SF
− OpEx
−$8.3K −$3.61/SF
NOI
$19.4K $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%
$387,740
Cap Rate 7%
$276,957
Cap Rate 9%
$215,411
Alternative Uses
Best Use
Multifamily LT 5
$277.0K
$242.3K – $323.1K
NOI $19,387 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$224.0K
$196.0K – $261.3K
NOI $15,680 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$597.2K
$522.6K – $696.7K
NOI $41,804 @ 7.0% cap · market cap 11.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
960
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
$220,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Two occupied homes share one parcel, each with an eat-in kitchen, covered porch, and laundry hookups.
Where is this duplex located?
The property is located at 625 E Hill St Louisville, KY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two separate homes sold together as a duplex; 2,304 SF total property size; Each unit has 3 bedrooms and 1.5 baths
