1712 W Gaulbert Ave · Louisville, KY 40210

$155,000

3 bd · 1.5 ba · 1,332 sqft · SingleFamily · 72 Days on market

Built 2002 2,613 sqft lot Est $127k · 22% over

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Why this score? — see what drove the D 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 +12.3/30.0
• Appreciation +10.0/10.0
• Rent growth +4.5/5.0
• DSCR +3.7/10.0
• Livability +3.2/5.0
• 1% rule +2.9/10.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• ARV discount +0.0/15.0

Listing remarks MLS

Stunning property at a great price! 1712 W Gaulbert Ave is a wonderfully renovated three bedroom, one and a half bathroom two story home. All new cabinets, all new flooring, all freshly painted, new bathroom vanities, new light fixtures, new kitchen countertops, all new appliances. A/C Unit, Furnace and Water Heater are less than 3 years old. This is a very friendly and open floor plan and each room comes with plenty of closet space. There is spacious and fully fenced backyard. A True Louisville Gem!

Key facts

• 2,613 sq ft lot
• Built 2002
• Listed 72 days

Property features AI

Finance

• Other: Subdivision: MARYDALE
• HOA & community: No association fee

Exterior

• Parking: No on-site parking
• Utilities: Electricity connected
• Home design: Single family residence; Shotgun-style architecture; Two stories; Built in 2002
• Construction: Brick construction; Shingle roof; Crawl space foundation
• Exterior features: Chain link fencing surrounding the yard; Full fencing

Interior

• Kitchen: Kitchen on the first floor
• Bedrooms: Three bedrooms on the second floor
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Six total rooms; Basement none; First-floor laundry
• Laundry & utility: Laundry located on the first floor

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $-28 ($-334/yr) — negative.
• To cash-flow at today's rent, offer at most $150k (3.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $123k (20.8% below list).
• Recommended offer: $123k (20.8% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 5.0% in Louisville — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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+, schools D-.
• 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.
• Market conditions: Rents rising fast (+8.1%/yr); 91 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,836 units permitted in Jefferson County in 2024 (1,558 in 5+ unit buildings).
• This rent runs 42% of the median local income ($35k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $17k of equity ($1k loan paydown + $16k appreciation (10.0% local appreciation)).
• Jefferson County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 8.0% rent growth), your $43k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$42k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 72 days — a 6% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $115k; 35% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $122,826 (20.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 21% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.79% ✗
• Cap rate: 6.08%
• Cash-on-cash: -0.77%
• DSCR: 0.97
• GRM: 10.5

CMA / ARV

• ARV (on-the-fly): $126,540
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1736 W Gaulbert Ave	0.06mi	3/1.0	1,326 (-0%)	4mo	$53,600	$40	91
2008 W Burnett Ave	0.39mi	3/1.5	1,396 (+5%)	7mo	$115,900	$83	68
1601 Wilson Ave	0.53mi	3/1.5	1,332 (0%)	10mo	$125,697	$94	67
2104 W Burnett Ave	0.44mi	3/1.0	1,282 (-4%)	6mo	$67,000	$52	66
1812 Wilson Ave	0.54mi	3/1.5	1,248 (-6%)	1mo	$135,000	$108	64
1809 Allston Ave	0.66mi	3/2.0	1,358 (+2%)	10mo	$200,000	$147	56
2136 W Gaulbert Ave	0.51mi	4/1.5 (+1)	1,210 (-9%)	6mo	$92,000	$76	51
1752 Dixdale Ave	0.41mi	3/3.0	1,500 (+13%)	5mo	$189,000	$126	50
2334 W Burnett Ave	0.65mi	3/1.5	1,467 (+10%)	10mo	$182,900	$125	44
2320 Standard Ave	0.63mi	3/1.5	1,152 (-14%)	9mo	$100,000	$87	41
1779 Wilart Dr	0.62mi	4/1.0 (+1)	1,193 (-10%)	8mo	$160,000	$134	40
1766 Wilart Dr	0.62mi	4/1.0 (+1)	1,164 (-13%)	8mo	$110,000	$95	36

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

Projected returns pro-forma

10.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 25.3%
• Equity multiple: 3.05×
• Total profit: $89,108
• Equity at exit: $139,636

10-year hold

• IRR: 23.6%
• Equity multiple: 7.45×
• Total profit: $279,833
• Equity at exit: $301,131

Cash invested: $43,400 (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 40210

• Home prices YoY: 12.1%
• Rents YoY: 8.1%
• Active inventory: 91
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $1,228 high
• Mortgage (P&I): −$813
• Tax from tax record: −$121 /mo · $1,449/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$258
• Net cashflow: $-28

Break-even live

Break-even rent $1,264

Max offer price $150,081

Occupancy floor 97%

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1708 W Gaulbert Ave Louisville, KY	3.0	1.0	936	$975	$1.04	23d	1	0.03mi
1714 W Hill St Louisville, KY	3.0	1.0	1050	$1,045	$1.00	23d	1	0.06mi
1774 Bolling Ave Louisville, KY	3.0	2.0	1611	$1,300	$0.81	10d	1	0.18mi
1792 W Gaulbert Ave Louisville, KY	2.0	1.0	915	$950	$1.04	23d	1	0.21mi
1410 Standard Village Cir Louisville, KY	3.0	2.0	1200	$900	$0.75	23d	1	0.62mi
1854 W Ormsby Ave Louisville, KY	2.0	2.0	1094	$800	$0.73	15d	1	0.62mi
2400 Burwell Ave Louisville, KY	2.0	1.0	972	$895	$0.92	15d	1	0.63mi
2223 Saint Louis Ave Louisville, KY	3.0	1.5	1152	$1,175	$1.02	23d	1	0.64mi
1244 Algonquin Pkwy Louisville, KY	3.0	1.5	1136	$1,400	$1.23	23d	1	0.71mi
1705 1/2 Hale Ave Louisville, KY	3.0	2.0	1257	$1,400	$1.11	10d	1	0.78mi
1148 S 17th St Unit 2 Louisville, KY	3.0	1.0	1000	$895	$0.90	23d	1	0.79mi
1616 Gallagher St Louisville, KY	3.0	1.5	1056	$1,400	$1.33	23d	1	0.83mi
1545 Catalpa St Louisville, KY	4.0	1.5	1760	$1,545	$0.88	3d	1	0.91mi
2614 Virginia Ave Louisville, KY	2.0	1.0	975	$925	$0.95	23d	1	0.94mi
2629 Olive St Louisville, KY	4.0	1.0	1120	$1,500	$1.34	23d	1	0.96mi
1339 S 28th St Unit 3 Louisville, KY	3.0	1.0	1125	$1,175	$1.04	20d	1	0.97mi
1501 Bellamy Pl Louisville, KY	2.0–4.0	2.0–4.0	1074	$2,217	$2.06	3d	1	0.98mi
1644 W Kentucky St Unit 3 Louisville, KY	3.0	1.0	900	$950	$1.06	23d	1	1.02mi
1731 Sonne Ave Louisville, KY	3.0	1.0	1010	$1,300	$1.29	15d	1	1.03mi
1161 Lincoln Ave Louisville, KY	2.0	1.5	1358	$1,150	$0.85	15d	1	1.04mi
1847 W Kentucky St Louisville, KY	2.0	1.0	1368	$895	$0.65	3d	1	1.05mi
1723 W Kentucky St Unit 3 Louisville, KY	3.0	1.0	1200	$1,300	$1.08	23d	1	1.06mi
2706 Hale Ave Unit 2 Louisville, KY	2.0	1.0	900	$1,250	$1.39	23d	1	1.07mi
2706 Hale Ave Unit 1 Louisville, KY	3.0	1.0	1100	$1,400	$1.27	23d	1	1.07mi
1622 Beech St Louisville, KY	4.0	1.0	1108	$1,445	$1.30	15d	1	1.09mi
1055 Euclid Ave Louisville, KY	2.0	1.0	914	$1,325	$1.45	23d	1	1.09mi
1147 Lincoln Ave Louisville, KY	4.0	1.0	1323	$1,295	$0.98	2d	1	1.09mi
2311 Plantation Dr Louisville, KY	3.0	1.0	988	$1,200	$1.21	15d	1	1.10mi
1439 Beech St Apt 1 Louisville, KY	3.0	1.5	1000	$820	$0.82	23d	1	1.10mi
1155 S 28th St Unit 4 Louisville, KY	4.0	2.0	1010	$1,350	$1.34	23d	1	1.10mi
2913 Dumesnil St Apt 3 Louisville, KY	3.0	1.0	1112	$740	$0.67	10d	1	1.14mi
1418 Beech St Unit 2 Louisville, KY	2.0	1.0	1000	$980	$0.98	21d	1	1.14mi
2708 Greenwood Ave Apt 1 Louisville, KY	3.0	1.0	1100	$1,300	$1.18	23d	1	1.22mi
1301 Lillian Ave Louisville, KY	3.0	1.0	974	$1,250	$1.28	15d	1	1.24mi
1305 Larchmont Ave Louisville, KY	2.0	1.0	1113	$1,350	$1.21	15d	1	1.25mi
2416 Garland Ave Louisville, KY	3.0	2.0	1172	$1,600	$1.37	23d	1	1.25mi
414 W Hill St Louisville, KY	3.0	1.5	1150	$1,500	$1.30	23d	1	1.27mi
848 S 23rd St Louisville, KY	3.0	1.5	1050	$1,450	$1.38	23d	1	1.28mi
2710 W Kentucky St Apt 2 Louisville, KY	3.0	1.0	1015	$1,300	$1.28	23d	1	1.30mi
1200 S 6th St Apt 4 Louisville, KY	3.0	1.0	900	$1,125	$1.25	23d	1	1.32mi

Listing history 22 events

1. 2026-06-18
   days on market $155,000 Active 72 DOM
2. 2026-06-17
   days on market $155,000 Active 71 DOM
3. 2026-06-16
   days on market $155,000 Active 70 DOM
4. 2026-06-15
   days on market $155,000 Active 69 DOM
5. 2026-06-13
   days on market $155,000 Active 67 DOM
6. 2026-06-10
   days on market $155,000 Active 64 DOM
7. 2026-06-09
   days on market $155,000 Active 63 DOM
8. 2026-06-08
   days on market $155,000 Active 62 DOM
9. 2026-06-07
   days on market $155,000 Active 61 DOM
10. 2026-06-03
    days on market $155,000 Active 57 DOM
11. 2026-06-02
    days on market $155,000 Active 56 DOM
12. 2026-06-01
    days on market $155,000 Active 55 DOM
13. 2026-05-31
    days on market $155,000 Active 54 DOM
14. 2026-03-31
    listed $155,000 Active
15. 2025-08-22
    price $154,900
16. 2025-06-03
    price $155,000
17. 2025-05-13
    price $164,990
18. 2023-01-09
    soldstatus $115,000
19. 2023-01-06
    soldstatus $115,000 Closed 505-char remark

    Show marketing remark (505 chars)

    Stunning property at a great price! 1712 W Gaulbert Ave is a wonderfully renovated three bedroom, one and a half bathroom two story home. All new cabinets, all new flooring, all freshly painted, new bathroom vanities, new light fixtures, new kitchen countertops, all new appliances. A/C Unit, Furnace and Water Heater are less than 3 years old. This is a very friendly and open floor plan and each room comes with plenty of closet space. There is spacious and fully fenced backyard. A True Louisville Gem!

20. 2022-11-14
    historical Active Under Contract 505-char remark

    Show marketing remark (505 chars)

    Stunning property at a great price! 1712 W Gaulbert Ave is a wonderfully renovated three bedroom, one and a half bathroom two story home. All new cabinets, all new flooring, all freshly painted, new bathroom vanities, new light fixtures, new kitchen countertops, all new appliances. A/C Unit, Furnace and Water Heater are less than 3 years old. This is a very friendly and open floor plan and each room comes with plenty of closet space. There is spacious and fully fenced backyard. A True Louisville Gem!

21. 2022-11-11
    listed $120,000 Active 505-char remark

    Show marketing remark (505 chars)

    Stunning property at a great price! 1712 W Gaulbert Ave is a wonderfully renovated three bedroom, one and a half bathroom two story home. All new cabinets, all new flooring, all freshly painted, new bathroom vanities, new light fixtures, new kitchen countertops, all new appliances. A/C Unit, Furnace and Water Heater are less than 3 years old. This is a very friendly and open floor plan and each room comes with plenty of closet space. There is spacious and fully fenced backyard. A True Louisville Gem!

22. 2017-05-01
    soldstatus $850,000

ⓘ 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: $1,449 · $121/mo
• Projected year-2 tax: $1,449 · $121/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% 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: $14,739
• − Mortgage interest: −$8,682
• − Property taxes: −$1,449
• − Insurance: −$775
• − Repairs & maintenance: −$1,179
• − Management: −$1,179
• − Depreciation: −$4,509
• Taxable loss: −$3,035
• Est. tax savings @ 24.0%: +$728
• After-tax cash flow: $394/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.

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

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 County · 790,184 people
• City population: 769,292
• Metro: Louisville/Jefferson County, KY-IN
• Population (ZIP): 13,518
• Household income: $35,347
• Rent vs Own: 56.0% rent · 44.0% own
• Severe rent burden: 815.0

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%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (84%)
• Race & ethnicity: Black 84% White 8% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Iranian 1%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · Spanish 3%

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: ▲ 28.45%
• Current HPI: 264.0146
• Rent YoY: ▲ 8.05%
• Metro: Louisville/Jefferson County, KY-IN
• State GDP YoY: ▲ 1.81%
• F500 in state: 4

Industry mix (Fortune 500 HQ in KY)

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

Price history

-81.8% since first listed

9 events — show timeline

• 2026-03-31 Listed $155,000 Metro Search MLS
• 2025-08-22 Price Changed $154,900 Metro Search MLS
• 2025-06-03 Price Changed $155,000 Metro Search MLS
• 2025-05-13 Price Changed $164,990 Metro Search MLS
• 2023-01-09 Sold (Public Records) $115,000 Public Records
• 2023-01-06 Sold (MLS) $115,000 Metro Search MLS
• 2022-11-14 Contingent — Metro Search MLS
• 2022-11-11 Listed $120,000 Metro Search MLS
• 2017-05-01 Sold (Public Records) $850,000 Public Records

Property tax history

+14.8%/yr

Latest (2025): $1,449 · -1.9% YoY. Source: county tax records.