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Updated Two-Unit Duplex
For Sale
$270,000

935 Samuel St, Louisville, KY 40204

Multi Family, Louisville, KY

Property Size1,056 SF
Lot Size0.11 Acres
Price / SF$255.68
Days on Market55

Property Features for 935 Samuel St

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 2
Bathrooms 1
Full bathrooms 1
Rooms Bedroom 1, Bathroom 1, Bedroom 2
Patio and Porch features Patio
Subdivision GERMANTOWN
Lot features Sidewalk
Directions Goss Ave to Boyle St to Samuel St
Standard status Active
APN 09025E00720000
Size 1,056 SF
Lot size 0.11 Acres

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1905
Number of units 2
Building materials Aluminum Siding
Roof type Shingle, Flat
Architectural style Shotgun
Listing Agency: EXP Realty LLC
Listed By: Ethan J Adams · License #244623
Added: Aug 18 Changed: Oct 8 Last Checked: Oct 11 at 6:06AM
MLS# 1726609

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 duplex contains 1,056 square feet arranged as two one-bedroom, one-bathroom units. Both residences were updated within the last 3 years and include central air, natural gas forced-air heat, and patio space. The building dates to 1905 and has aluminum siding with flat and shingle roof sections.

Each unit is leased on a new year-long term. Public water and public sewer serve the property, which sits on a 0.11-acre lot at 935 Samuel St in Louisville. Its Shotgun architectural style and two-unit layout define the property’s residential configuration.

Key Highlights

  • Two 1‑bedroom, 1‑bathroom units
  • 1,056 square feet on a 0.11‑acre lot
  • Both units updated within the last 3 years

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$8,885
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$177,700 $177.7K
Cap Rate 7%
$126,929 $126.9K
Cap Rate 9%
$98,722 $98.7K
Market Conditions
NOI Build-Up for 1,056 SF
Gross rent
$13.4K $12.72/SF
− Vacancy
−$739 −$0.70/SF
EGI
$12.7K $12.02/SF
− OpEx
−$3.8K −$3.61/SF
NOI
$8.9K $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%
$177,700
Cap Rate 7%
$126,929
Cap Rate 9%
$98,722

Alternative Uses

Best Use
Multifamily LT 5
$126.9K
$111.1K – $148.1K (±1% cap)
NOI $8,885 @ 7.0% cap · market cap 3.29%
Second Best
Apartment 5plus
$102.7K
$89.8K – $119.8K (±1% cap)
NOI $7,187 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$273.7K
$239.5K – $319.3K (±1% cap)
NOI $19,160 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Nail Salon HVAC Service (Bike/Boat/Book/etc) Store Hair Salon Daycare Center Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

969
Businesses Nearby

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
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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two one-bedroom residences feature recent updates, private patios, and central air conditioning.
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 $270,000.
What are key features of this property?
This property features: Two 1‑bedroom, 1‑bathroom units; 1,056 square feet on a 0.11‑acre lot; Both units updated within the last 3 years
More about this property
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