Updated Two-Unit
For Sale
$275,000
935 Samuel St, Louisville, KY 40204
Two updated one-bedroom, one-bathroom units were redone within the last 3 years.
Property Size1,056 SF
Price / SF$260.42
Days on Market34
Property Features for 935 Samuel St
General Information
Standard status
Active
Size
1,056 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Gross Income
$23,100
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
EXP Realty LLC
(502) 558-8193
Listed By:
Ethan J Adams · License #244623
(502) 558-8193
Source:
Exprealty
Added: Jun 29
Changed: Jul 31
Last Checked: Jul 31 at 7:07PM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This 1,056-square-foot duplex contains two one-bedroom, one-bathroom units. Both units were redone within the last 3 years and are currently occupied under new year-long leases, providing an established rental configuration for an owner or investor.
The property is located at 935 Samuel St in Louisville’s Germantown neighborhood, near local restaurants, shopping, and parks. Its two-unit layout supports separate residential occupancy within a single duplex property.
The property is located at 935 Samuel St in Louisville’s Germantown neighborhood, near local restaurants, shopping, and parks. Its two-unit layout supports separate residential occupancy within a single duplex property.
Key Highlights
- Two‑unit duplex with 1,056 square feet
- Two 1‑bedroom, 1‑bathroom units
- Both units redone within the last 3 years
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 | $13.4k | $12.72 |
| − Vacancy | −$739 | −$0.70 |
| EGI | $12.7k | $12.02 |
| − OpEx | −$3.8k | −$3.61 |
| NOI | $8.9k | $8.41 |
1,056 SF · lease $12.72/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$126.9K
$111.1K – $148.1K
NOI $8,885 @ 7.0% cap · market cap 3.23%
Second Best
Apartment 5plus
$102.7K
$89.8K – $119.8K
NOI $7,187 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$273.7K
$239.5K – $319.3K
NOI $19,160 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
969
Businesses Nearby
Explore this area
Business Placement
Demographics for 40204, KY
14,600
Population
8,759
Households
1.7
Avg Household Size
38
Median Age
63%
College-Educated
97%
High-School Grad
3.2 sq mi
ZIP Area
4,563
Density / Sq Mi
$70,706
Median Household Income
$50,246
Median Earnings
$1,225
Median Rent
$314,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated one-bedroom, one-bathroom units were redone within the last 3 years.
Where is this duplex located?
The property is located at 935 Samuel St Louisville, KY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,056 square feet; Two 1‑bedroom, 1‑bathroom units; Both units redone within the last 3 years
