Updated Two-Unit
New
For Sale
$225,000
971 Goss Ave, Louisville, KY 40217
Both residences are vacant and have separately metered utilities and in-unit stackable laundry.
Property Size1,102 SF
Price / SF$204.17
Days on Market2
Property Features for 971 Goss Ave
General Information
Standard status
Active
Size
1,102 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Schnitzelburg
Utilities to Site
Yes
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Amenities
stackable washer/dryer
fenced backyard
covered patio
Building Details
Year Built
1890
Buildings
1
Listing Agency:
Semonin Realtors
Listed By:
Kyle Elmore · License #262211
(502) 389-9920
Source:
Whitepicketky
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 30 at 2:19PM
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 Semonin Realtors
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Investment Insights
Based on property information with market context.
This 1,102-square-foot duplex, built in 1890, contains two separate one-bedroom, one-bathroom residences. Updates include flooring, paint, kitchens, and bathrooms; each unit also has a stackable washer and dryer. Both apartments are vacant, and utilities are separately metered.
The front residence has street parking. The rear unit includes a dedicated driveway and use of a fenced backyard with a covered patio. The property is near restaurants, shops, and neighborhood destinations along the Goss Avenue corridor in Louisville.
The front residence has street parking. The rear unit includes a dedicated driveway and use of a fenced backyard with a covered patio. The property is near restaurants, shops, and neighborhood destinations along the Goss Avenue corridor in Louisville.
Key Highlights
- Two separate 1‑bedroom, 1‑bath units
- 1,102 square feet; built in 1890
- Updated flooring, paint, kitchens, and bathrooms in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,273
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$185,460
$185.5K
Cap Rate 7%
$132,471
$132.5K
Cap Rate 9%
$103,033
$103.0K
Market Conditions
NOI Build-Up for 1,102 SF
Gross rent
$14.0K $12.72/SF
− Vacancy
−$771 −$0.70/SF
EGI
$13.2K $12.02/SF
− OpEx
−$4.0K −$3.61/SF
NOI
$9.3K $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%
$185,460
Cap Rate 7%
$132,471
Cap Rate 9%
$103,033
Alternative Uses
Best Use
Multifamily LT 5
$132.5K
$115.9K – $154.6K
NOI $9,273 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$107.1K
$93.8K – $125.0K
NOI $7,500 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$285.6K
$249.9K – $333.3K
NOI $19,995 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
969
Businesses Nearby
Explore this area
Business Placement
Demographics for 40217, KY
13,061
Population
6,840
Households
1.9
Avg Household Size
36
Median Age
48%
College-Educated
95%
High-School Grad
2.4 sq mi
ZIP Area
5,442
Density / Sq Mi
$68,573
Median Household Income
$48,298
Median Earnings
$1,150
Median Rent
$220,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant and have separately metered utilities and in-unit stackable laundry.
Where is this duplex located?
The property is located at 971 Goss Ave Louisville, KY.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two separate 1‑bedroom, 1‑bath units; 1,102 square feet; built in 1890; Updated flooring, paint, kitchens, and bathrooms in both units
