Duplex with Separate
New
For Sale
$225,000
971 Goss Ave, Louisville, KY 40217
Multi Family, Louisville, KY
Property Size1,102 SF
Lot Size0.11 Acres
Price / SF$204.17
Days on Market3
Property Features for 971 Goss Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Subdivision
GERMANTOWN
Lot features
Sidewalk
Directions
Eastern Parkway to North on Goss to Duplex
Standard status
Active
APN
09025E00520000
Size
1,102 SF
Lot size
0.11 Acres
Additional Details
Individually Metered Utilities
unspecified utilities
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
stackable washer/dryer
fenced backyard
covered patio
Building Details
Year built
1890
Number of units
2
Building materials
Vinyl Siding, Wood Frame
Roof type
Shingle
Architectural style
Shotgun
Buildings
1
Listing Agency:
EXP Realty LLC
Listed By:
Michael B Higdon
(888) 624-6448
Added: Oct 29
Last Checked: Oct 31 at 2:06AM
MLS# 1733245
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.
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Investment Insights
Based on property information with market context.
The duplex contains two independent one-bedroom, one-bath apartments, totaling 1,102 square feet on a 0.11-acre parcel. Both are vacant. Interior updates include flooring, paint, kitchens, and bathrooms; each apartment has a stackable washer and dryer. The 1890 building has a shotgun design, vinyl siding, forced-air natural gas heat, and central air conditioning.
Separate utility meters serve the apartments, and each has its own entrance. The front residence uses street parking, while the rear residence has a dedicated driveway and access to the fenced backyard and covered patio. Public water and public sewer serve the property. The address is on Goss Avenue in Louisville, near restaurants, shops, and neighborhood destinations along the Goss Avenue corridor.
Separate utility meters serve the apartments, and each has its own entrance. The front residence uses street parking, while the rear residence has a dedicated driveway and access to the fenced backyard and covered patio. Public water and public sewer serve the property. The address is on Goss Avenue in Louisville, near restaurants, shops, and neighborhood destinations along the Goss Avenue corridor.
Key Highlights
- Two one‑bedroom, one‑bath units; 1,102 square feet total
- 0.11‑acre parcel; property dates to 1890
- Both units vacant, with updated kitchens, bathrooms, flooring, and paint
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.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Paved road access
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 - Two vacant one-bedroom residences include refreshed kitchens and baths, in-unit laundry, and separately metered utilities.
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 one‑bedroom, one‑bath units; 1,102 square feet total; 0.11‑acre parcel; property dates to 1890; Both units vacant, with updated kitchens, bathrooms, flooring, and paint
