Duplex with Covered
For Sale
$350,000
625 E Hill St, Louisville, KY 40217
Multi Family, Louisville, KY
Property Size2,304 SF
Lot Size0.11 Acres
Price / SF$151.91
Days on Market50
Property Features for 625 E Hill St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 5, Bathroom 4, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 1, Bedroom 6
Patio and Porch features
Porch
Directions
S Shelby St to E Burnett Ave to S Hancock St, left on E Hill St
Subdivision
02-Butchertwn/Hghlnds/Germantwn
Standard status
Active
APN
09024B00120000
Size
2,304 SF
Lot size
0.11 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
covered porch
laundry hook-ups
eat-in kitchens
Building Details
Year built
2000
Number of units
2
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX Premier Properties · RE/MAX International
Listed By:
Jay Pitts · License #63303
(502) 384-5944
Added: Sep 18
Changed: Oct 27
Last Checked: Nov 6 at 1:06PM
MLS# 1729527
Copyright © 2026 Greater Louisville Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This duplex comprises two separate homes on one 0.11-acre parcel, with 2,304 square feet of total property size. Each unit includes 3 bedrooms and 1.5 baths, along with an eat-in kitchen, a half bath on the first floor, laundry hookups, and a covered porch. Vinyl siding, shingle roofing, forced-air heating, and central air serve the property, with public water and public sewer connected.
The property is located at 625 E Hill St in Louisville’s Merriwether neighborhood, with access to I-65. Both units are currently occupied, and showings require 48 hours’ notice.
The property is located at 625 E Hill St in Louisville’s Merriwether neighborhood, with access to I-65. Both units are currently occupied, and showings require 48 hours’ notice.
Key Highlights
- Two separate homes conveyed as a duplex on a 0.11‑acre parcel
- 2,304 square feet of total property size
- Each unit offers 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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
763
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
$220,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 offer three-bedroom layouts, eat-in kitchens, laundry hookups, and first-floor half baths.
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 conveyed as a duplex on a 0.11‑acre parcel; 2,304 square feet of total property size; Each unit offers 3 bedrooms and 1.5 baths
