Renovated Duplex with
743 S 42nd St Louisville, KY 40211
New
For Sale
$197,000
MULTI_FAMILY - Other - Louisville, KY
Property Size1,954 SF
Lot Size0.13 Acres
Price / SF$100.82
Days on Market2
Property Features for 743 S 42nd St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 4, Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 3
- Patio and Porch features
- Porch
- Standard status
- Active
- APN
- 06043C01200000
- Size
- 1,954 SF
- Lot size
- 0.13 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1925
- Number of units
- 2
- Building materials
- Wood Frame, Aluminum Siding
- Roof type
- Shingle
- Architectural style
- Other
- Additional Structures
- Outbuilding
Listing Agency:
United Real Estate Louisville
(502) 509-4498
Listed By:
Ty'Shawn G Brooks · License #223198
(502) 807-6832
Added: Jul 24
Last Checked: Jul 25 at 11:06AM
MLS# 1724393
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 renovated duplex includes two residential units. The first-floor unit features three bedrooms and one full bath, and the second-floor unit features two bedrooms and one full bath. Updates reported include brand-new HVAC systems, central A/C units, a new water heater, and fresh paint throughout, supporting a move-in-ready condition.
The property includes a spacious backyard and an outbuilding that provides additional storage. It is located in Louisville with convenient access to major roadways and downtown Louisville.
Set on a 0.13-acre lot and offered for sale as a duplex, the property provides a clear two-unit configuration designed for separate living arrangements within one building.
The property includes a spacious backyard and an outbuilding that provides additional storage. It is located in Louisville with convenient access to major roadways and downtown Louisville.
Set on a 0.13-acre lot and offered for sale as a duplex, the property provides a clear two-unit configuration designed for separate living arrangements within one building.
Key Highlights
- Renovated duplex built in 1925 with 2 units: first‑floor 3 BR/1 full BA and second‑floor 2 BR/1 full BA
- Brand‑new HVAC systems and central air conditioning for both units
- New water heater plus fresh paint throughout and numerous modern improvements
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 | $24.9k | $12.72 |
| − Vacancy | −$1.4k | −$0.70 |
| EGI | $23.5k | $12.02 |
| − OpEx | −$7.0k | −$3.61 |
| NOI | $16.4k | $8.41 |
1,954 SF · lease $12.72/SF/yr · vacancy 5.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Renovated duplex offers two separate units with independent bedroom/bath configurations and updated mechanical systems.
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: Renovated duplex built in 1925 with 2 units: first‑floor 3 BR/1 full BA and second‑floor 2 BR/1 full BA; Brand‑new HVAC systems and central air conditioning for both units; New water heater plus fresh paint throughout and numerous modern improvements
