Two-Unit Duplex with Original
For Sale
$235,000
724 E Coke, Louisville, KY 40203
Fresh paint, new flooring, and high ceilings add practical appeal to the two-unit layout.
Property Size1,858 SF
Price / SF$126.48
Days on Market57
Property Features for 724 E Coke
General Information
Standard status
Active
Size
1,858 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Smoketown Jackson
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1900
Buildings
1
Construction
shotgun
Listing Agency:
Legacy Property Group
Listed By:
Kyle Elmore · License #262211
(502) 389-9920
Source:
Whitepicketky
Added: Sep 2
Changed: Oct 27
Last Checked: Oct 28 at 8:00AM
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 Legacy Property Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,858-square-foot duplex, built in 1900, contains two units with matching two-bedroom, one-bath layouts. Fresh paint and new flooring provide refreshed interiors, while the shotgun-style configuration, high ceilings, and exposed original brick contribute distinctive architectural character to the living areas.
Located at 724 E Coke in Louisville, the property includes a paved rear alley, a garage currently used for storage, and additional parking accessible from the alley. The arrangement offers separate residential spaces within a compact multifamily property and includes features suited to both occupancy and continued rental use.
Located at 724 E Coke in Louisville, the property includes a paved rear alley, a garage currently used for storage, and additional parking accessible from the alley. The arrangement offers separate residential spaces within a compact multifamily property and includes features suited to both occupancy and continued rental use.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,858 SF duplex built in 1900
- Fresh paint and new flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,634
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,680
$312.7K
Cap Rate 7%
$223,343
$223.3K
Cap Rate 9%
$173,711
$173.7K
Market Conditions
NOI Build-Up for 1,858 SF
Gross rent
$23.6K $12.72/SF
− Vacancy
−$1.3K −$0.70/SF
EGI
$22.3K $12.02/SF
− OpEx
−$6.7K −$3.61/SF
NOI
$15.6K $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%
$312,680
Cap Rate 7%
$223,343
Cap Rate 9%
$173,711
Alternative Uses
Best Use
Multifamily LT 5
$223.3K
$195.4K – $260.6K
NOI $15,634 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$180.6K
$158.1K – $210.8K
NOI $12,645 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$481.6K
$421.4K – $561.9K
NOI $33,712 @ 7.0% cap · market cap 14.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,428
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Fresh paint, new flooring, and high ceilings add practical appeal to the two-unit layout.
Where is this duplex located?
The property is located at 724 E Coke Louisville, KY.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,858 SF duplex built in 1900; Fresh paint and new flooring throughout
