2-Unit
For Sale
$299,900
642 & 644 Atwood St, Louisville, KY 40217
Both residences have separate living areas, a bedroom, and a full bathroom.
Property Size1,344 SF
Price / SF$223.14
Days on Market31
Property Features for 642 & 644 Atwood St
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Duplex
Site & Location
Neighborhood
Saint Joseph
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1900
Buildings
1
Listing Agency:
On the Move Realtors, Inc.
(502) 509-7653
Listed By:
Mike Brown · License #197906
(502) 643-3175
Source:
Onthemoverealtors
Added: Oct 1
Changed: Oct 30
Last Checked: Oct 30 at 2:09AM
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 On the Move Realtors, Inc.
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Investment Insights
Based on property information with market context.
This 1,344-square-foot duplex at 642 & 644 Atwood St comprises two separate residences. Each unit has one bedroom, one bathroom, and its own living area. The property was built in 1900.
Nords Bakery is around the corner from the property, which is in Louisville, Kentucky.
Nords Bakery is around the corner from the property, which is in Louisville, Kentucky.
Key Highlights
- Two separate residential units under one roof
- Each unit has 1 bedroom and 1 bathroom
- 1,344 square feet; built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,309
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,180
$226.2K
Cap Rate 7%
$161,557
$161.6K
Cap Rate 9%
$125,656
$125.7K
Market Conditions
NOI Build-Up for 1,344 SF
Gross rent
$17.1K $12.72/SF
− Vacancy
−$940 −$0.70/SF
EGI
$16.2K $12.02/SF
− OpEx
−$4.8K −$3.61/SF
NOI
$11.3K $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%
$226,180
Cap Rate 7%
$161,557
Cap Rate 9%
$125,656
Alternative Uses
Best Use
Multifamily LT 5
$161.6K
$141.4K – $188.5K
NOI $11,309 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$130.7K
$114.3K – $152.5K
NOI $9,147 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$348.4K
$304.8K – $406.4K
NOI $24,386 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
668
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have separate living areas, a bedroom, and a full bathroom.
Where is this duplex located?
The property is located at 642 & 644 Atwood St Louisville, KY.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two separate residential units under one roof; Each unit has 1 bedroom and 1 bathroom; 1,344 square feet; built in 1900
