Renovated 2-Unit
For Sale
$169,900
718 Zane St, Louisville, KY 40203
Both residences have long-term tenants, with one configured as a two-bedroom, one-bathroom unit.
Property Size1,104 SF
Price / SF$153.89
Days on Market103
Property Features for 718 Zane St
General Information
Standard status
Active
Size
1,104 SF
Property subtype
Multi Family Home
Site & Location
Neighborhood
Limerick
Additional Details
Gross Income
$21,300
Multifamily Units
2
Tenant in Place
Yes
Building Details
Building Size
1,104 SF
Year Built
1900
Units
2
Tenancy
Multi
Listing Agency:
Keller Williams Collective
(502) 554-9500
Listed By:
Gibin George · License #286847
(502) 594-8891
Source:
Gstarksrealty
Added: Jul 18
Changed: Oct 27
Last Checked: Oct 27 at 3:29AM
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 Keller Williams Collective
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Investment Insights
Based on property information with market context.
This 2-unit duplex contains 1,104 square feet and was built in 1900. Recent work updated the building’s systems and finishes. One residence has a 2-bedroom, 1-bathroom layout, and both units have long-term tenants in place.
The property is in Louisville’s Limerick area, near Old Louisville and downtown. Major commute routes are also nearby.
The property is in Louisville’s Limerick area, near Old Louisville and downtown. Major commute routes are also nearby.
Key Highlights
- Two‑unit duplex with long‑term tenants in both residences
- 1,104 square feet; built in 1900
- One unit has a 2‑bedroom, 1‑bathroom layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,289
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$185,780
$185.8K
Cap Rate 7%
$132,700
$132.7K
Cap Rate 9%
$103,211
$103.2K
Market Conditions
NOI Build-Up for 1,104 SF
Gross rent
$14.0K $12.72/SF
− Vacancy
−$772 −$0.70/SF
EGI
$13.3K $12.02/SF
− OpEx
−$4.0K −$3.61/SF
NOI
$9.3K $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%
$185,780
Cap Rate 7%
$132,700
Cap Rate 9%
$103,211
Alternative Uses
Best Use
Multifamily LT 5
$132.7K
$116.1K – $154.8K
NOI $9,289 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$107.3K
$93.9K – $125.2K
NOI $7,513 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$286.2K
$250.4K – $333.9K
NOI $20,031 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,856
Businesses Nearby
Explore this area
Business Placement
Demographics for 40203, KY
16,801
Population
10,754
Households
1.6
Avg Household Size
37
Median Age
22%
College-Educated
86%
High-School Grad
2.9 sq mi
ZIP Area
5,793
Density / Sq Mi
$31,430
Median Household Income
$32,581
Median Earnings
$828
Median Rent
$179,300
Median Home Value
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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 long-term tenants, with one configured as a two-bedroom, one-bathroom unit.
Where is this duplex located?
The property is located at 718 Zane St Louisville, KY.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Two‑unit duplex with long‑term tenants in both residences; 1,104 square feet; built in 1900; One unit has a 2‑bedroom, 1‑bathroom layout
