2-Unit
For Sale
$177,900
718 Zane St, Louisville, KY 40203
Multi Family, Louisville, KY
Property Size1,104 SF
Lot Size0.23 Acres
Price / SF$161.14
Days on Market84
Property Features for 718 Zane St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 2
Subdivision
LIMERICK
Directions
From I-64 towards St. Louis take exit 4 towards 9th Street, Trun left onto W. Liberty Street. Turn right onto S. 8th Street. Turn left onto Zane Street.
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
Wall/Window Unit(s), 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 · Keller Williams Realty
(502) 554-9500
Listed By:
Gibin George · License #286847
(502) 594-8891
Added: Jul 18
Changed: Oct 8
Last Checked: Oct 9 at 3:06PM
MLS# 1723766
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 2-unit duplex contains 1,104 square feet on a 0.23-acre lot. The property was built in 1900 and has had renovation work to its systems and finishes. Vinyl siding covers the exterior. Heating includes ductless, forced-air, and natural-gas systems; cooling is provided by wall or window units.
Both units have long-term tenants. One residence is configured as a 2-bedroom, 1-bathroom unit, while the other unit's rent includes utilities. The property has public water and public sewer.
Both units have long-term tenants. One residence is configured as a 2-bedroom, 1-bathroom unit, while the other unit's rent includes utilities. The property has public water and public sewer.
Key Highlights
- Two‑unit duplex with 1,104 square feet of building area
- Set on a 0.23‑acre lot
- Built in 1900; renovation work includes systems and finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,289
Cap Rate
5.22%
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 5.22%
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 authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Long-term occupants are in place in both residences, and one unit includes utilities in its rent.
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: Two‑unit duplex with 1,104 square feet of building area; Set on a 0.23‑acre lot; Built in 1900; renovation work includes systems and finishes
