Furnished Two-Unit
New
For Sale
$375,000
728 E Chestnut St, Louisville, KY 40202
Both residences include private rear outdoor space, furnished interiors, and laundry facilities.
Property Size2,292 SF
Price / SF$163.61
Days on Market4
Property Features for 728 E Chestnut St
General Information
Standard status
Active
Size
2,292 SF
Property subtype
Residential Income
Zoning
OR-2
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Furnished
Yes
Highway Access
Yes
Amenities
rear deck/patio
laundry
off-street parking
Building Details
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Kentucky Select Properties
(502) 271-5000
Listed By:
Stephanie Kertis · License #275566
(502) 767-3322
Source:
Exprealty
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 2:31PM
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 Kentucky Select Properties
Investment Insights
Based on property information with market context.
This two-story brick duplex contains two furnished residences, each arranged with two bedrooms, a full bathroom, an eat-in kitchen, a living room, and laundry. Separate interior entrances open from a shared foyer with an original wood staircase. Each unit also has its own rear deck or patio with access to the backyard. The property includes off-street parking and alley access, and is zoned OR-2.
The duplex is in Louisville’s Phoenix Hill neighborhood. Nearby destinations named include the Medical Center, NuLu, the Convention Center, Slugger Field, the waterfront, Paristown Point, and the Lower Highlands. Major surface roads, the interstate, and the airport are accessible by car.
The duplex is in Louisville’s Phoenix Hill neighborhood. Nearby destinations named include the Medical Center, NuLu, the Convention Center, Slugger Field, the waterfront, Paristown Point, and the Lower Highlands. Major surface roads, the interstate, and the airport are accessible by car.
Key Highlights
- Two‑story brick duplex with two furnished residences
- Each unit has two bedrooms, a full bath, an eat‑in kitchen, living room, and laundry
- Private interior entrances connect to a shared foyer with an original wood staircase
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,286
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,720
$385.7K
Cap Rate 7%
$275,514
$275.5K
Cap Rate 9%
$214,289
$214.3K
Market Conditions
NOI Build-Up for 2,292 SF
Gross rent
$29.2K $12.72/SF
− Vacancy
−$1.6K −$0.70/SF
EGI
$27.6K $12.02/SF
− OpEx
−$8.3K −$3.61/SF
NOI
$19.3K $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%
$385,720
Cap Rate 7%
$275,514
Cap Rate 9%
$214,289
Alternative Uses
Best Use
Multifamily LT 5
$275.5K
$241.1K – $321.4K
NOI $19,286 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$222.8K
$195.0K – $260.0K
NOI $15,598 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$594.1K
$519.8K – $693.1K
NOI $41,586 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,288
Businesses Nearby
Explore this area
Business Placement
Demographics for 40202, KY
7,179
Population
4,242
Households
1.7
Avg Household Size
39
Median Age
27%
College-Educated
83%
High-School Grad
1.6 sq mi
ZIP Area
4,487
Density / Sq Mi
$29,382
Median Household Income
$33,205
Median Earnings
$881
Median Rent
$340,000
Median Home Value
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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 - Both residences include private rear outdoor space, furnished interiors, and laundry facilities.
Where is this duplex located?
The property is located at 728 E Chestnut St Louisville, KY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑story brick duplex with two furnished residences; Each unit has two bedrooms, a full bath, an eat‑in kitchen, living room, and laundry; Private interior entrances connect to a shared foyer with an original wood staircase
