Renovated Duplex with
For Sale
$197,000
743 S 42nd St, Louisville, KY 40211
Two updated residences share a backyard and an outbuilding for additional storage.
Property Size1,954 SF
Price / SF$100.82
Days on Market81
Property Features for 743 S 42nd St
General Information
Standard status
Active
Size
1,954 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
central air conditioning
backyard
storage
Building Details
Year Built
1925
Listing Agency:
Sell With Hale Realty & Auction
Listed By:
Mike Hall
(502) 509-5131
Source:
Mlsky
Added: Jul 26
Changed: Oct 13
Last Checked: Oct 12 at 7:54PM
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 Sell With Hale Realty & Auction
Investment Insights
Based on property information with market context.
This 1,954-square-foot duplex, built in 1925, has been renovated with two separate residences. The first-floor unit includes three bedrooms and one full bath, while the second-floor unit has two bedrooms and one full bath. Recent improvements include new HVAC systems, central A/C units, a water heater, fresh interior paint, and additional modern updates.
Outdoor space includes a backyard and a separate outbuilding that can be used for storage. The property also provides access to major roadways and downtown Louisville, supporting both owner-occupancy and rental use.
Outdoor space includes a backyard and a separate outbuilding that can be used for storage. The property also provides access to major roadways and downtown Louisville, supporting both owner-occupancy and rental use.
Key Highlights
- 1,954‑square‑foot duplex built in 1925
- First‑floor unit has 3 bedrooms and 1 full bath
- Second‑floor unit has 2 bedrooms and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,442
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,840
$328.8K
Cap Rate 7%
$234,886
$234.9K
Cap Rate 9%
$182,689
$182.7K
Market Conditions
NOI Build-Up for 1,954 SF
Gross rent
$24.9K $12.72/SF
− Vacancy
−$1.4K −$0.70/SF
EGI
$23.5K $12.02/SF
− OpEx
−$7.0K −$3.61/SF
NOI
$16.4K $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%
$328,840
Cap Rate 7%
$234,886
Cap Rate 9%
$182,689
Alternative Uses
Best Use
Multifamily LT 5
$234.9K
$205.5K – $274.0K
NOI $16,442 @ 7.0% cap · market cap 8.35%
Second Best
Apartment 5plus
$190.0K
$166.2K – $221.6K
NOI $13,298 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$506.5K
$443.2K – $590.9K
NOI $35,453 @ 7.0% cap · market cap 18.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
Explore this area
Business Placement
Demographics for 40211, KY
21,310
Population
11,450
Households
1.9
Avg Household Size
37
Median Age
11%
College-Educated
86%
High-School Grad
7.3 sq mi
ZIP Area
2,919
Density / Sq Mi
$32,598
Median Household Income
$28,245
Median Earnings
$925
Median Rent
$97,900
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 - Two updated residences share a backyard and an outbuilding for additional storage.
Where is this duplex located?
The property is located at 743 S 42nd St Louisville, KY.
What is the asking price?
The asking price for this property is $197,000.
What are key features of this property?
This property features: 1,954‑square‑foot duplex built in 1925; First‑floor unit has 3 bedrooms and 1 full bath; Second‑floor unit has 2 bedrooms and 1 full bath
