704 Roselane St, Louisville, KY 40203
- Added:
- Jun 10, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 12 at 5:06 am
Property Features for 704 Roselane St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 5, Bedroom 1
- Standard status
- Active
- APN
- 021G01720000
- Size
- 2,494 SF
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1957
- Number of units
- 3
- Building materials
- Block
- Roof type
- Shingle, Flat
Listing agent Jayme S Burden License #202803 (270) 769-8359
Listing office United Real Estate Louisville 101 Bullitt Ln. Ste. 110, Louisville, KY (502) 802-0473
Listing date Jun 10, 2026
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.
HighLights
- Smoketown triplex with 3 separately metered units (2 currently rented, 1 vacant)
- Unit mix includes a 3‑bedroom, 1‑bath; a 2‑bedroom, 1‑bath; and a 1‑bedroom, 1‑bath
- Central Air plus forced‑air heating with natural gas
- Block construction with a flat and shingle roof
- Utilities: public water and public sewer
- Built in 1957
Overview
The property is located in central Louisville, Kentucky, on Roselane St in Jefferson County. Based on the available information, it is positioned near downtown Louisville and surrounding amenities.
From an occupancy standpoint, the layout supports a range of strategies, including living in one unit while renting the other two. Separately metered units can help simplify utility billing by unit, and the unit configuration provides multiple tenancy profiles across bedrooms and rent-ready combinations. Buyers seeking a small multifamily asset with current rental activity can review the vacant unit opportunity and plan based on their desired level of occupancy.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Jefferson
- State
- Kentucky
- Longitude
- -85.741687
- Latitude
- 38.242084
