227 Ottawa Ave · Louisville, KY 40209

$120,000

6 bd · 4.0 ba · 1,359 sqft · MultiFamily · 90 Days on market

Built 1900 Fair condition 3,123 sqft lot $88/sqft · 31% below area Est $174k · 31% under

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Why this score? — see what drove the A- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +7.0/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Schools +0.9/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

This duplex would make a great investment opportunity near the University of Louisville! You could live in one & rent out the other! The front unit offers a screened in porch, large living room with a ceiling fan and large chunky baseboards and door/window moldings, kitchen with updated laminate flooring, stove and fridge, a bedroom with an A/C Unit, and a full bath with washer & dryer hookups. This unit also includes a closet with a furnace & hot water heater (water heater is shared by both units). The rear apartment offers two storeys. The first floor has a living room/open kitchen combination with a refrigerator and stove, laminate, and new carpeting. Upstairs, you will find 2 bedrooms with new carpet plus a full bath. Freshly painted throughout! Separate electric meters for each unit. Owner pays electric, water, trash & sewer. Large concrete pad in the rear alley for multiple cars.

Key facts

• 3,123 sq ft lot
• 2 parking spots
• Built 1900

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/2.0-bath units multifamily listed at $120k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $853 ($10k/yr) — positive. Per door: $426/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Recommended offer: $113k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 63/100 on livability (#333 in KY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, health & safety D+, crime F.
• Jefferson County (urban): math 19% / reading 35% proficiency, ranked #121 of 165 in KY (top 73%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Semple Elementary (math 2% / reading 12%, grade F, #662 of 676 statewide, top 99%, 574 students, 79% FRL); Frederick Law Olmsted Academy North (math 5% / reading 15%, grade F, #217 of 217 statewide, top 100%, 510 students, 74% FRL); Iroquois High (math 12% / reading 8%, grade F, #245 of 254 statewide, top 97%, 1,090 students, 74% FRL) — zoned schools average 76% FRL vs 56% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 9% at this address vs 27% district-wide (-18 pts) — the specific schools serving this property underperform the Jefferson County average; the district grade overstates school quality for this exact location.
• Market conditions: 6 active listings in the ZIP; 2,836 units permitted in Jefferson County in 2024 (1,558 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($830 loan paydown + $5k appreciation (4.0% local appreciation)).
• Jefferson County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (4.0% appreciation + 3.0% rent growth), your $34k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 90 days — a 6% lower offer ($113k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 20y ago; this cycle's ask has dropped $25k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $60k; list at $120k implies a 100% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $112,800 (6.0% below list)

Questions for the listing agent

1. It's been on market 90 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
5. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
9. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
10. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
11. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
12. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.76% ✓
• Cap rate: 14.82%
• Cash-on-cash: 30.46%
• DSCR: 2.36
• GRM: 4.7

CMA / ARV

• ARV (median comp): $173,818
• List price: $120,000
• Delta: -30.96%
• Verdict: UNDERPRICED
• Comps: 5 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
305 Kilmory Ave	1.98mi	4/2.0 (-2)	1,265 (-7%)	0mo	$212,500	$168	35
3651 Henry Ave	1.31mi	4/1.0 (-2)	1,434 (+6%)	1mo	$155,000	$108	35
1407 Berry Blvd	1.64mi	5/2.0 (-1)	1,485 (+9%)	2mo	$265,000	$178	34
2901 Montana Ave	1.67mi	4/1.5 (-2)	1,452 (+7%)	0mo	$124,900	$86	34
808 W Whitney Ave	0.91mi	4/3.0 (-2)	1,500 (+10%)	2mo	$195,000	$130	32
738 M St	1.63mi	4/2.0 (-2)	1,222 (-10%)	0mo	$199,200	$163	30
6307 S 3rd St	1.72mi	4/1.0 (-2)	1,220 (-10%)	2mo	$225,000	$184	26
1110 Lehigh Ave	1.31mi	4/2.0 (-2)	1,646 (+21%)	0mo	$202,000	$123	22
810 W Evelyn Ave	1.00mi	4/2.0 (-2)	1,650 (+21%)	1mo	$227,000	$138	21
2618 S 5th St	1.64mi	4/2.0 (-2)	1,710 (+26%)	2mo	$205,000	$120	20
4515 Hazelwood Ave	2.03mi	4/1.0 (-2)	1,170 (-14%)	2mo	$215,000	$184	20
4405 Mcgill Dr	1.90mi	4/1.0 (-2)	1,165 (-14%)	2mo	$184,995	$159	20

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

4.04% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 38.1%
• Equity multiple: 3.25×
• Total profit: $75,554
• Equity at exit: $61,150

10-year hold

• IRR: 37.1%
• Equity multiple: 6.50×
• Total profit: $184,911
• Equity at exit: $100,262

Cash invested: $33,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State Kentucky: 83 Strongly Landlord-Friendly · R+16
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit (URLTA cities); generally landlord-friendly.

Methodology + full state rankings →

ZIP-level market 40209

• Home prices YoY: 2.9%
• Active inventory: 6
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $2,112 high
• Mortgage (P&I): −$629
• Tax from tax record: −$136 /mo · $1,637/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$444
• Net cashflow: $853

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3	2	$2,112
Total (2 units)			$2,112

Break-even live

Break-even rent $1,033

Max offer price $120,000

Occupancy floor 55%

Sensitivity live

Price	-10% $921	-5% $887	+0% $853	+5% $819	+10% $785
Rent	-10% $686	-5% $769	+0% $853	+5% $936	+10% $1,020
Rate	-1.0pp $913	-0.5pp $883	base $853	+0.5pp $822	+1.0pp $790

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $30,000
• Closing costs: $3,600
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
208 Ottawa Ave Unit 1 Louisville, KY	2.0	1.0	930	$1,250	$1.34	10d	1	0.03mi
119 E Southern Heights Ave Louisville, KY	3.0	1.0	1000	$1,250	$1.25	119d	1	0.16mi
4406 S Brook St Apt 27 Louisville, KY	2.0	2.0	1080	$1,199	$1.11	10d	1	0.24mi
4406 S Brook St Apt 32 Louisville, KY	2.0	1.0	936	$1,275	$1.36	85d	1	0.24mi
4406 S Brook St Louisville, KY	2.0	2.0	1080	$1,295	$1.20	85d	1	0.24mi
4406 S Brook St Apt 27 Louisville, KY	2.0	2.0	1080	$1,295	$1.20	107d	1	0.24mi
4406 S Brook St Apt 27 Louisville, KY	2.0	2.0	1080	$1,295	$1.20	93d	1	0.24mi
114 E Florence Ave Unit 19 Louisville, KY	2.0	2.0	1080	$1,295	$1.20	111d	1	0.26mi
114 E Florence Ave Apt 18 Louisville, KY	2.0	2.0	1080	$1,199	$1.11	10d	1	0.26mi
114 E Florence Ave Unit 19 Louisville, KY	2.0	2.0	1080	$1,295	$1.20	74d	1	0.26mi
114 E Florence Ave Apt 21 Louisville, KY	2.0	1.0	936	$1,275	$1.36	78d	1	0.26mi
114 E Florence Ave Apt 21 Louisville, KY	2.0	1.0	936	$1,275	$1.36	119d	1	0.26mi
114 E Florence Ave Louisville, KY	2.0	2.0	1080	$1,295	$1.20	93d	1	0.26mi
106 E Florence Ave Apt 13 Louisville, KY	2.0	1.0	936	$1,275	$1.36	58d	1	0.27mi
102 E Florence Ave Apt 44 Louisville, KY	2.0	1.0	845	$1,195	$1.41	93d	1	0.27mi
100 E Florence Ave Unit 7 Louisville, KY	2.0	2.0	1080	$1,295	$1.20	58d	1	0.29mi
151 E Florence Ave Unit 202 Louisville, KY	2.0	1.0	765	$1,095	$1.43	74d	1	0.29mi
151 E Florence Ave Unit 202 Louisville, KY	2.0	1.0	765	$1,095	$1.43	73d	1	0.29mi
118 E Ashland Ave Louisville, KY	2.0	1.5	910	$1,200	$1.32	119d	1	0.31mi
116 E Ashland Ave #116 Louisville, KY	2.0	1.5	910	$1,200	$1.32	92d	1	0.31mi
129 E Wellington Ave Apt 1 Louisville, KY	2.0	1.0	750	$850	$1.13	10d	1	0.34mi
172 E Francis Ave Louisville, KY	2.0	1.0	738	$1,175	$1.59	82d	1	0.44mi
4411 Southern Pkwy Unit 1 Louisville, KY	2.0	1.0	925	$995	$1.08	10d	1	0.47mi
4327 Southern Pkwy Unit 4329-B3 Louisville, KY	2.0	1.0	850	$875	$1.03	10d	1	0.49mi
4327 Southern Pkwy Unit 4329-B2 Louisville, KY	2.0	1.0	850	$900	$1.06	10d	1	0.49mi
4207 S 1st St Louisville, KY	3.0	1.0	1066	$1,400	$1.31	88d	1	0.51mi
4315 Southern Pkwy Unit 3 Louisville, KY	2.0	1.0	—	$1,100	—	119d	1	0.52mi
112 E Woodlawn Ave Apt 3 Louisville, KY	3.0	1.0	7156	$1,350	$0.19	10d	1	0.54mi
112 E Woodlawn Ave Apt 2 Louisville, KY	2.0	1.0	7238	$1,000	$0.14	10d	1	0.54mi
4608 S 3rd St Unit 1st Floor Louisville, KY	2.0	1.5	1100	$1,500	$1.36	119d	1	0.56mi
4306 Southern Pkwy Apt 1 Louisville, KY	2.0	1.0	1553	$1,095	$0.71	10d	1	0.57mi
4133 S 5th St Louisville, KY	4.0	1.0	1200	$1,435	$1.20	111d	1	0.62mi
401 Douglas Park Unit 103 Louisville, KY	3.0	1.0	—	$950	—	106d	1	0.62mi
401 Douglas Park Unit 102 Louisville, KY	2.0	1.0	—	$850	—	63d	1	0.62mi
401 Douglas Park Unit 102 Louisville, KY	2.0	1.0	—	$850	—	10d	1	0.62mi
401 Douglas Park Unit 103 Louisville, KY	3.0	1.0	—	$950	—	63d	1	0.62mi
104 Kenwood Ct Louisville, KY	2.0	1.0	875	$985	$1.13	119d	1	0.63mi
500 Beecher St Unit 500 1/2 Louisville, KY	3.0	1.0	1150	$1,350	$1.17	82d	1	0.63mi
401 Douglas Park Louisville, KY	2.0	1.0	—	$850	—	115d	1	0.64mi
401 Douglas Park Louisville, KY	3.0	1.0	—	$750	—	10d	1	0.64mi

Property features AI

Finance

• Other: Property is not in a flood plainBuilding area reported as 1,359 total
• HOA & community: No association fee

Exterior

• Parking: 2 parking spaces (not covered)
• Utilities: Electricity connectedNatural gas
• Home design: DuplexTraditional styleBuilt in 1900Shingle roof25 x 125 lot dimensions
• Construction: Vinyl siding and aluminum sidingBuilt in 1900
• Exterior features: No notable exterior features listedLot noted as 'See Remarks'

Interior

• Bedrooms: Three total bedrooms (one on the 1st level, two on the 2nd level)
• Bathrooms: Two full bathrooms (one on the 1st level, one on the 2nd level)
• Heating & cooling: Forced air heating (natural gas) with two furnacesWall/window air conditioning units
• Interior features: Traditional architectural styleTwo separate meters (multi-unit)

Listing history 50 events

1. 2026-07-13
   days on market $120,000 Active 90 DOM
2. 2026-07-13
   days on market $120,000 Active 89 DOM
3. 2026-07-11
   days on market $120,000 Active 88 DOM
4. 2026-07-10
   days on market $120,000 Active 87 DOM
5. 2026-07-09
   days on market $120,000 Active 86 DOM
6. 2026-07-07
   days on market $120,000 Active 84 DOM
7. 2026-07-06
   days on market $120,000 Active 83 DOM
8. 2026-07-05
   days on market $120,000 Active 82 DOM
9. 2026-07-03
   days on market $120,000 Active 80 DOM
10. 2026-07-02
    days on market $120,000 Active 79 DOM
11. 2026-07-01
    days on market $120,000 Active 78 DOM
12. 2026-06-30
    days on market $120,000 Active 77 DOM
13. 2026-06-29
    days on market $120,000 Active 76 DOM
14. 2026-06-28
    days on market $120,000 Active 75 DOM
15. 2026-06-27
    days on market $120,000 Active 74 DOM
16. 2026-06-27
    days on market $120,000 Active 73 DOM
17. 2026-06-25
    days on market $120,000 Active 71 DOM
18. 2026-06-22
    days on market $120,000 Active 69 DOM
19. 2026-06-21
    days on market $120,000 Active 68 DOM
20. 2026-06-18
    days on market $120,000 Active 65 DOM
21. 2026-06-17
    days on market $120,000 Active 64 DOM
22. 2026-06-16
    days on market $120,000 Active 63 DOM
23. 2026-06-15
    days on market $120,000 Active 62 DOM
24. 2026-06-13
    days on market $120,000 Active 60 DOM
25. 2026-06-10
    days on market $120,000 Active 57 DOM
26. 2026-06-09
    days on market $120,000 Active 56 DOM
27. 2026-06-08
    days on market $120,000 Active 55 DOM
28. 2026-06-07
    days on market $120,000 Active 54 DOM
29. 2026-06-03
    days on market $120,000 Active 50 DOM
30. 2026-06-02
    days on market $120,000 Active 49 DOM
31. 2026-06-01
    days on market $120,000 Active 48 DOM
32. 2026-05-31
    days on market $120,000 Active 47 DOM
33. 2026-05-18
    price $120,000
34. 2026-04-24
    status Active
35. 2026-04-17
    status Pending
36. 2026-04-07
    listed $145,000 Active
37. 2024-08-15
    historical
38. 2024-04-13
    status Active
39. 2024-04-07
    historical Active Under Contract
40. 2024-03-08
    listed $140,000 Active
41. 2019-05-07
    soldstatus $60,000
42. 2019-05-02
    soldstatus $60,000 Closed 918-char remark

    Show marketing remark (918 chars)

    This duplex would make a great investment opportunity near the University of Louisville! You could live in one & rent out the other! The front unit offers a screened in porch, large living room with a ceiling fan and large chunky baseboards and door/window moldings, kitchen with updated laminate flooring, stove and fridge, a bedroom with an A/C Unit, and a full bath with washer & dryer hookups. This unit also includes a closet with a furnace & hot water heater (water heater is shared by both units). The rear apartment offers two storeys. The first floor has a living room/open kitchen combination with a refrigerator and stove, laminate, and new carpeting. Upstairs, you will find 2 bedrooms with new carpet plus a full bath. Freshly painted throughout! Separate electric meters for each unit. Owner pays electric, water, trash & sewer. Large concrete pad in the rear alley for multiple cars.

43. 2019-05-01
    status Pending 918-char remark

    Show marketing remark (918 chars)

    This duplex would make a great investment opportunity near the University of Louisville! You could live in one & rent out the other! The front unit offers a screened in porch, large living room with a ceiling fan and large chunky baseboards and door/window moldings, kitchen with updated laminate flooring, stove and fridge, a bedroom with an A/C Unit, and a full bath with washer & dryer hookups. This unit also includes a closet with a furnace & hot water heater (water heater is shared by both units). The rear apartment offers two storeys. The first floor has a living room/open kitchen combination with a refrigerator and stove, laminate, and new carpeting. Upstairs, you will find 2 bedrooms with new carpet plus a full bath. Freshly painted throughout! Separate electric meters for each unit. Owner pays electric, water, trash & sewer. Large concrete pad in the rear alley for multiple cars.

44. 2019-04-22
    historical Active Under Contract 918-char remark

    Show marketing remark (918 chars)

    This duplex would make a great investment opportunity near the University of Louisville! You could live in one & rent out the other! The front unit offers a screened in porch, large living room with a ceiling fan and large chunky baseboards and door/window moldings, kitchen with updated laminate flooring, stove and fridge, a bedroom with an A/C Unit, and a full bath with washer & dryer hookups. This unit also includes a closet with a furnace & hot water heater (water heater is shared by both units). The rear apartment offers two storeys. The first floor has a living room/open kitchen combination with a refrigerator and stove, laminate, and new carpeting. Upstairs, you will find 2 bedrooms with new carpet plus a full bath. Freshly painted throughout! Separate electric meters for each unit. Owner pays electric, water, trash & sewer. Large concrete pad in the rear alley for multiple cars.

45. 2019-04-10
    status Active 918-char remark

    Show marketing remark (918 chars)

    This duplex would make a great investment opportunity near the University of Louisville! You could live in one & rent out the other! The front unit offers a screened in porch, large living room with a ceiling fan and large chunky baseboards and door/window moldings, kitchen with updated laminate flooring, stove and fridge, a bedroom with an A/C Unit, and a full bath with washer & dryer hookups. This unit also includes a closet with a furnace & hot water heater (water heater is shared by both units). The rear apartment offers two storeys. The first floor has a living room/open kitchen combination with a refrigerator and stove, laminate, and new carpeting. Upstairs, you will find 2 bedrooms with new carpet plus a full bath. Freshly painted throughout! Separate electric meters for each unit. Owner pays electric, water, trash & sewer. Large concrete pad in the rear alley for multiple cars.

46. 2019-03-19
    historical Active Under Contract 918-char remark

    Show marketing remark (918 chars)

    This duplex would make a great investment opportunity near the University of Louisville! You could live in one & rent out the other! The front unit offers a screened in porch, large living room with a ceiling fan and large chunky baseboards and door/window moldings, kitchen with updated laminate flooring, stove and fridge, a bedroom with an A/C Unit, and a full bath with washer & dryer hookups. This unit also includes a closet with a furnace & hot water heater (water heater is shared by both units). The rear apartment offers two storeys. The first floor has a living room/open kitchen combination with a refrigerator and stove, laminate, and new carpeting. Upstairs, you will find 2 bedrooms with new carpet plus a full bath. Freshly painted throughout! Separate electric meters for each unit. Owner pays electric, water, trash & sewer. Large concrete pad in the rear alley for multiple cars.

47. 2019-02-19
    listed $79,999 Active 918-char remark

    Show marketing remark (918 chars)

    This duplex would make a great investment opportunity near the University of Louisville! You could live in one & rent out the other! The front unit offers a screened in porch, large living room with a ceiling fan and large chunky baseboards and door/window moldings, kitchen with updated laminate flooring, stove and fridge, a bedroom with an A/C Unit, and a full bath with washer & dryer hookups. This unit also includes a closet with a furnace & hot water heater (water heater is shared by both units). The rear apartment offers two storeys. The first floor has a living room/open kitchen combination with a refrigerator and stove, laminate, and new carpeting. Upstairs, you will find 2 bedrooms with new carpet plus a full bath. Freshly painted throughout! Separate electric meters for each unit. Owner pays electric, water, trash & sewer. Large concrete pad in the rear alley for multiple cars.

48. 2019-02-19
    price $79,999 918-char remark

    Show marketing remark (918 chars)

    This duplex would make a great investment opportunity near the University of Louisville! You could live in one & rent out the other! The front unit offers a screened in porch, large living room with a ceiling fan and large chunky baseboards and door/window moldings, kitchen with updated laminate flooring, stove and fridge, a bedroom with an A/C Unit, and a full bath with washer & dryer hookups. This unit also includes a closet with a furnace & hot water heater (water heater is shared by both units). The rear apartment offers two storeys. The first floor has a living room/open kitchen combination with a refrigerator and stove, laminate, and new carpeting. Upstairs, you will find 2 bedrooms with new carpet plus a full bath. Freshly painted throughout! Separate electric meters for each unit. Owner pays electric, water, trash & sewer. Large concrete pad in the rear alley for multiple cars.

49. 2015-11-03
    soldstatus $45,000
50. 2015-10-22
    soldstatus $45,000 Closed

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast KY · Resets to sale price

• Current annual tax: $1,637 · $136/mo
• Projected year-2 tax: $1,637 · $136/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 73% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥105°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,344
• − Mortgage interest: −$6,722
• − Property taxes: −$1,637
• − Insurance: −$600
• − Repairs & maintenance: −$2,028
• − Management: −$2,028
• − Depreciation: −$3,491
• Taxable income: $8,839
• Est. tax owed @ 24.0%: −$2,121
• After-tax cash flow: $8,112/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 9 photos

Fair 45/100 Moderate rehab Est. rehab $33,975–$61,155 screening

This property presents a moderate renovation opportunity with average condition. It requires updates to the kitchen and bathroom, exterior siding, and landscaping to improve its resale and rental value.

Deferred maintenance Est. $50,000–$150,000 screening

• Major Roof (roof) — Significant damage to the roof structure is visible.
• Major Windows (windows) — Windows appear to be broken or missing, indicating a major issue.
• Major Electrical (electrical) — The electrical panel is not visible, and the house appears to be in disrepair.
• Major Plumbing (plumbing) — The exterior plumbing is exposed and appears to be in poor condition.
• Major Exterior (exterior) — The exterior siding is peeling and the house is in a state of disrepair.

Repairs flagged

• Minor Kitchen countertops — The countertops appear to be dated and could be replaced for a fresh look.
• Minor Bathroom fixtures — The fixtures appear to be dated and could be replaced for a fresh look.
• Moderate Exterior siding — The siding has some discoloration and minor damage, which could be repaired or replaced.
• Minor Landscaping — The landscaping is overgrown and could be trimmed and improved for a better curb appeal.

Value-add opportunities

• Both Replace countertops and fixtures — Updating the countertops and fixtures will improve the home's appearance and functionality, making it more attractive to potential buyers or renters. ↑
• Both Paint interior walls and ceilings — Painting the interior walls and ceilings will improve the home's appearance and functionality, making it more attractive to potential buyers or renters. ↑
• Both Replace exterior siding — Replacing the exterior siding will improve the home's appearance and functionality, making it more attractive to potential buyers or renters. ↑

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 9/100

Zoned Schools

Elementary Semple Elementary F KY #662/676 Nat'l #40,092/41,679 Middle Frederick Law Olmsted Academy North F KY #217/217 Nat'l #13,307/14,009 High Iroquois High F KY #245/254 Nat'l #16,463/17,239

Schools (NCES district)

• District: Jefferson County
• NCES district ID: 2102990
• Math proficiency: 19% ▼ -17.00%
• Reading proficiency: 35% ▼ -11.00%
• Median HH income: $47,885
• Composite: 23.45/100
• National rank: #7884
• State rank: #121 of 165 in KY

C Composite livability gradescore 63/100

Livability — Louisville

• Score: 63/100
• State rank: #333
• US rank: #15887

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment C- Housing A+ Health & safety D+ User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Louisville, KY
• County: Jefferson · 823,112 people
• City population: 769,292
• Metro: Louisville/Jefferson County, KY-IN
• Population (ZIP): 571
• Household income: $52,697
• Rent vs Own: 47.6% rent · 52.4% own

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Population outlook (Jefferson County) Hauer SSP2

• Today (2025): 823,112 people
• By 2030: 849,343 · +3.2%
• By 2040: 895,696 · +8.8%
• By 2050: 933,630 · +13.4%
• By 2075: 1,028,262 · +24.9%
• By 2100: 1,072,675 · +30.3%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: White 49% Two or more races 34% Hispanic / Latino 33% Black 2%
• Hispanic origin (detail): Mexican 15%
• Foreign-born: 25% · Canada
• Languages at home: 67% English-only · Spanish 33%

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Political lean MEDSL · Jefferson

• 2024 margin: D (+16.6) · D 57.4% · R 40.9% · Other 1.7%
• 2008→2024 swing: +4.5pp toward D · 2008: 12.0pp · 2024: 16.6pp
• All cycles: 2024: D+16.6 2020: D+20.1 2016: D+13.3 2012: D+11.1 2008: D+12.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.04%
• Current HPI: 144.1168
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.81%
• F500 in state: 4

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Industry mix (Fortune 500 HQ in KY)

Industry	F500 HQs	Revenue
▸Healthcare	1	$118B
▸Food / Beverage	1	$7B

Property features AI

Finance

• Other: Property is not in a flood plainBuilding area reported as 1,359 total
• HOA & community: No association fee

Exterior

• Parking: 2 parking spaces (not covered)
• Utilities: Electricity connectedNatural gas
• Home design: DuplexTraditional styleBuilt in 1900Shingle roof25 x 125 lot dimensions
• Construction: Vinyl siding and aluminum sidingBuilt in 1900
• Exterior features: No notable exterior features listedLot noted as 'See Remarks'

Interior

• Bedrooms: Three total bedrooms (one on the 1st level, two on the 2nd level)
• Bathrooms: Two full bathrooms (one on the 1st level, one on the 2nd level)
• Heating & cooling: Forced air heating (natural gas) with two furnacesWall/window air conditioning units
• Interior features: Traditional architectural styleTwo separate meters (multi-unit)

Price history

+50.2% since first listed

29 events — show timeline

• 2026-05-18 Price Changed $120,000 Metro Search MLS
• 2026-04-24 Relisted — Metro Search MLS
• 2026-04-17 Pending — Metro Search MLS
• 2026-04-07 Listed $145,000 Metro Search MLS
• 2024-08-15 Listing Removed — Metro Search MLS
• 2024-04-13 Relisted — Metro Search MLS
• 2024-04-07 Contingent — Metro Search MLS
• 2024-03-08 Listed $140,000 Metro Search MLS
• 2019-05-07 Sold (Public Records) $60,000 Public Records
• 2019-05-02 Sold (MLS) $60,000 Metro Search MLS
• 2019-05-01 Pending — Metro Search MLS
• 2019-04-22 Contingent — Metro Search MLS
• 2019-04-10 Relisted — Metro Search MLS
• 2019-03-19 Contingent — Metro Search MLS
• 2019-02-19 Price Changed $79,999 Metro Search MLS
• 2019-02-19 Listed $79,999 Metro Search MLS
• 2015-11-03 Sold (Public Records) $45,000 Public Records
• 2015-10-22 Sold (MLS) $45,000 Metro Search MLS
• 2015-09-06 Pending — Metro Search MLS
• 2015-08-24 Listed $59,500 Metro Search MLS
• 2014-09-11 Listing Removed — Metro Search MLS
• 2014-07-25 Listed $43,000 Metro Search MLS
• 2008-10-21 Sold (Public Records) $30,000 Public Records
• 2008-03-28 Sold (MLS) $30,000 Metro Search MLS
• 2007-09-10 Listed $38,500 Metro Search MLS
• 2006-05-30 Listing Removed — Metro Search MLS
• 2006-05-30 Listing Removed — Metro Search MLS
• 2006-03-06 Listed $79,900 Metro Search MLS
• 2006-03-06 Listed $79,900 Metro Search MLS

Property tax history

+13.7%/yr

Latest (2025): $1,637 · +112.5% YoY. Source: county tax records.