Turnkey Renovated
718 Zane St Louisville, KY 40203
New
718 Zane St, Louisville, KY, 40203
$177,900
For Sale
$177,900
MULTI_FAMILY - Other - Louisville, KY
Property Size1,104 SF
Lot Size0.23 Acres
Price / SF$161.14
Days on Market2
Property Features for 718 Zane St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2
- Standard status
- Active
- APN
- 08029G00400000
- Size
- 1,104 SF
- Lot size
- 0.23 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Ductless (Heating), Forced Air, Natural Gas
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 2
- Building materials
- Vinyl Siding
- Architectural style
- Other
Listing Agency
Keller Williams Collective
(502) 554-9500
240 Whittington Pkwy, Louisville, KY
Listed by
Gibin George
(502) 594-8891
Added: Jul 18 Checked: Jul 19 at 12:06 am
MLS# 1723766
Listing URL
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 turnkey renovated duplex offers two rental units with long-term tenants in place on both sides. Unit A is a spacious 2-bedroom, 1-bath layout currently leased for $700 per month. Unit B is leased for $1,075 per month and includes utilities, bringing combined gross income to $1,775 per month.
The property is described as fully updated, with recent renovations intended to reduce near-term capital expense. It is located at 718 Zane St in Louisville’s 40203 area, in Jefferson County, Kentucky.
With a duplex configuration and both sides occupied, the property is positioned for investors or owner-operators seeking a stabilized, ready-to-rent setup.
The property is described as fully updated, with recent renovations intended to reduce near-term capital expense. It is located at 718 Zane St in Louisville’s 40203 area, in Jefferson County, Kentucky.
With a duplex configuration and both sides occupied, the property is positioned for investors or owner-operators seeking a stabilized, ready-to-rent setup.
Key Highlights
- 2‑unit duplex with two long‑term tenants in place on both sides
- Unit A: 2BR/1BA rented at $700/month
- Unit B: rents at $1,075/month with utilities included
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 | $14.0k | $12.72 |
| − Vacancy | −$772 | −$0.70 |
| EGI | $13.3k | $12.02 |
| − OpEx | −$4.0k | −$3.61 |
| NOI | $9.3k | $8.41 |
1,104 SF · lease $12.72/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$132.7K
$116.1K – $154.8K
NOI $9,289 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$107.3K
$93.9K – $125.2K
NOI $7,513 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$286.2K
$250.4K – $333.9K
NOI $20,031 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated 2-unit duplex with long-term tenants, including a 2BR/1BA unit and a unit with utilities included.
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 $177,900.
What are key features of this property?
This property features: 2‑unit duplex with two long‑term tenants in place on both sides; Unit A: 2BR/1BA rented at $700/month; Unit B: rents at $1,075/month with utilities included
