Smoketown Triplex Income
704 Roselane St Louisville, KY 40203
For Sale
$289,900
MULTI_FAMILY - Louisville, KY
Property Size2,494 SF
Price / SF$116.24
Days on Market49
Property Features for 704 Roselane St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Rooms
Bedroom 6, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3
Standard status
Active
APN
021G01720000
Size
2,494 SF
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1957
Number of units
3
Building materials
Block
Roof type
Shingle, Flat
Listing Agency:
United Real Estate Louisville
(502) 509-4498
Listed By:
Jayme S Burden · License #251824
(270) 769-8359
Added: Jun 10
Changed: Jul 11
Last Checked: Jul 28 at 6:06AM
MLS# 1720103
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.
Investment Insights
Based on property information with market context.
This Smoketown triplex contains three separately metered residential units. The unit mix includes one 3-bedroom, 1-bath unit, one 1-bedroom, 1-bath unit, and one 2-bedroom, 1-bath unit. Two of the units are currently rented, while one unit is vacant, giving buyers immediate visibility into both occupied and turn-ready living space.
The property is located in central Louisville, with access to downtown Louisville and surrounding amenities. The offering is for sale at 704 Roselane St, Louisville, KY 40203 in Jefferson County.
For tenants and owner-occupants, the layout supports living in one unit while renting the others. For investors, the separately metered configuration and existing rental status may simplify operating across multiple households within a single building. Buyers should verify any lease terms and occupancy details during due diligence, particularly given that one unit is currently vacant.
The property is located in central Louisville, with access to downtown Louisville and surrounding amenities. The offering is for sale at 704 Roselane St, Louisville, KY 40203 in Jefferson County.
For tenants and owner-occupants, the layout supports living in one unit while renting the others. For investors, the separately metered configuration and existing rental status may simplify operating across multiple households within a single building. Buyers should verify any lease terms and occupancy details during due diligence, particularly given that one unit is currently vacant.
Key Highlights
- Smoketown triplex with three separately metered units
- 2 units currently rented and 1 unit vacant
- Unit mix: 3BR/1BA, 1BR/1BA, and 2BR/1BA
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.7k | $12.72 |
| − Vacancy | −$1.7k | −$0.70 |
| EGI | $30.0k | $12.02 |
| − OpEx | −$9.0k | −$3.61 |
| NOI | $21.0k | $8.41 |
2,494 SF · lease $12.72/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$299.8K
$262.3K – $349.8K
NOI $20,985 @ 7.0% cap · market cap 7.24%
Second Best
Apartment 5plus
$242.5K
$212.2K – $282.9K
NOI $16,973 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$646.4K
$565.6K – $754.2K
NOI $45,251 @ 7.0% cap · market cap 15.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Triplex with three separately metered units, including two currently rented and one vacant, offering flexible owner-occupant or investor use.
Where is this triplex located?
The property is located at 704 Roselane St Louisville, KY.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Smoketown triplex with three separately metered units; 2 units currently rented and 1 unit vacant; Unit mix: 3BR/1BA, 1BR/1BA, and 2BR/1BA
