1774 W Gaulbert Ave · Louisville, KY 40210

$124,500

2 bd · 1.0 ba · 830 sqft · SingleFamily · 97 Days on market

Built 1928 2,614 sqft lot Est $93k · 34% 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 +15.9/30.0
• Appreciation +10.0/10.0
• DSCR +4.9/10.0
• Rent growth +4.5/5.0
• Livability +3.2/5.0
• 1% rule +3.1/10.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• ARV discount +0.0/15.0

Listing remarks

Newly Renovated Home in Downtown Louisville. Beautifully updated 2-bedroom, 1-bath single-story home in the heart of downtown. This move-in-ready gem features fresh paint, new flooring, updated lighting, and a fully remodeled kitchen with sleek cabinetry, stylish countertops, and stainless steel appliances. Bright bedrooms, a modern bath, a private backyard, and off-street parking add to the appeal.

Key facts

• Renovated home
• Private backyard
• Updated lighting

Tags

• RENOVATED HOME
• UPDATED LIGHTING
• FULLY REMODELED KITCHEN
• PRIVATE BACKYARD
• OFF-STREET PARKING

Property features AI

Finance

• HOA & community: No association fee

Exterior

• Parking: No parking/garage listed
• Utilities: Electricity connected
• Home design: Single-family residence; Other architectural style; 1 story; Built in 1928
• Construction: Vinyl siding; Shingle roof; Concrete block foundation
• Exterior features: Chain link fencing; Level lot; Lot dimensions approximately 25 x 110

Interior

• Kitchen: Kitchen on the first floor
• Bedrooms: 2 bedrooms (both on the first floor)
• Bathrooms: 1 full bathroom (on the first floor); 0 half bathrooms
• Heating & cooling: Heat pump heating; Wall/window cooling units
• Interior features: 5 total rooms; Unfinished basement; Basement present; First-floor laundry
• Laundry & utility: Laundry on the first floor

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $124k.

Deal economics

• At list price, monthly cash flow is $59 ($709/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $101k (18.7% below list).
• Recommended offer: $101k (18.7% below list) — sets the bar for 1% rule.
• Cap rate 6.9% vs local median 5.0% in Louisville — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

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).

Forward outlook

• In year one you build about $13k of equity ($861 loan paydown + $12k 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 $35k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 97 days — a 9% lower offer ($113k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts 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 $48k; list at $124k implies a 159% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1928 — expect roof / HVAC / electrical / plumbing capex.
• 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 $101,253 (18.7% below list)

Questions for the listing agent

1. It's been on market 97 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
2. Built in 1928 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 0.81% ✗
• Cap rate: 6.86%
• Cash-on-cash: 2.03%
• DSCR: 1.09
• GRM: 10.2

CMA / ARV

• ARV (on-the-fly): $92,960
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1814 W Lee St	0.17mi	3/1.0 (+1)	816 (-2%)	8mo	$112,500	$138	77
1777 Bernheim Ln	0.42mi	2/1.0	841 (+1%)	7mo	$94,050	$112	73
2519 Standard Ave	0.61mi	2/1.0	783 (-6%)	1mo	$87,000	$111	62
2306 Standard Ave	0.45mi	2/1.0	900 (+8%)	4mo	$38,000	$42	61
1634 Dixdale Ave	0.41mi	2/1.0	740 (-11%)	8mo	$117,500	$159	56
1639 Dixdale Ave	0.38mi	3/1.0 (+1)	746 (-10%)	5mo	$128,000	$172	56
1739 Dumesnil St	0.67mi	2/1.0	800 (-4%)	9mo	$70,000	$88	55
1333 S 22nd St	0.49mi	2/1.0	744 (-10%)	11mo	$87,000	$117	51
2611 Narragansett Dr	0.65mi	2/1.0	754 (-9%)	4mo	$152,900	$203	50
2112 Wilson Ave	0.53mi	3/1.0 (+1)	728 (-12%)	2mo	$33,000	$45	48
1335 S 22nd St	0.48mi	2/1.0	705 (-15%)	6mo	$27,000	$38	47
2307 Woodland Ave	0.52mi	1/1.0 (-1)	940 (+13%)	7mo	$17,000	$18	43

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: 27.3%
• Equity multiple: 3.20×
• Total profit: $76,863
• Equity at exit: $112,159

10-year hold

• IRR: 25.2%
• Equity multiple: 7.79×
• Total profit: $236,528
• Equity at exit: $241,876

Cash invested: $34,860 (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: 10.2×

Monthly cashflow live

• Estimated rent: $1,013 high
• Mortgage (P&I): −$653
• Tax from tax record: −$36 /mo · $432/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$213
• Net cashflow: $59

Break-even live

Break-even rent $938

Max offer price $124,500

Occupancy floor 89%

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: $31,125
• Closing costs: $3,735
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1792 W Gaulbert Ave Louisville, KY	2.0	1.0	915	$950	$1.04	24d	1	0.05mi
1768 W Hill St Louisville, KY	2.0	1.0	675	$925	$1.37	24d	1	0.08mi
1708 W Gaulbert Ave Louisville, KY	3.0	1.0	936	$975	$1.04	24d	1	0.19mi
1714 W Hill St Louisville, KY	3.0	1.0	1050	$1,045	$1.00	24d	1	0.19mi
1842 Bolling Ave Louisville, KY	1.0	1.0	900	$895	$0.99	14d	1	0.24mi
1836 Algonquin Pkwy Unit 1 Louisville, KY	1.0	1.0	650	$650	$1.00	14d	1	0.40mi
1836 Algonquin Pkwy Unit 2 Louisville, KY	1.0	1.0	600	$650	$1.08	24d	1	0.40mi
1710 Saint Louis Ave Louisville, KY	2.0	1.0	720	$1,000	$1.39	3d	1	0.42mi
1816 Gregg Ave Louisville, KY	2.0	2.0	773	$1,100	$1.42	16d	1	0.44mi
1606 Algonquin Pkwy Unit 22 Louisville, KY	2.0	1.0	626	$750	$1.20	24d	1	0.45mi
2400 Burwell Ave Louisville, KY	2.0	1.0	972	$895	$0.92	16d	1	0.46mi
1333 S 22nd St Louisville, KY	2.0	1.0	744	$1,200	$1.61	24d	1	0.50mi
1854 W Ormsby Ave Louisville, KY	2.0	2.0	1094	$800	$0.73	16d	1	0.59mi
1305 S 17th St Louisville, KY	2.0	1.0	750	$950	$1.27	24d	1	0.64mi
2706 Wyandotte Ave Louisville, KY	2.0	1.0	756	$1,295	$1.71	3d	1	0.71mi
1349 Olive St Unit 4 Louisville, KY	1.0	1.0	550	$650	$1.18	3d	1	0.76mi
1349 Olive St Unit 4 Louisville, KY	1.0	1.0	600	$725	$1.21	24d	1	0.76mi
1349 Olive St Unit 3 Louisville, KY	1.0	1.0	600	$695	$1.16	3d	1	0.76mi
1148 S 17th St Unit 2 Louisville, KY	3.0	1.0	1000	$895	$0.90	24d	1	0.83mi
1339 S 28th St Unit 3 Louisville, KY	3.0	1.0	1125	$1,175	$1.04	20d	1	0.84mi
2614 Virginia Ave Louisville, KY	2.0	1.0	975	$925	$0.95	24d	1	0.85mi
4600 South St Unit PARKWAYE1 Louisville, KY	2.0	1.0	700	$749	$1.07	24d	1	0.86mi
1927 S 28th St Louisville, KY	2.0	1.0	700	$1,200	$1.71	24d	1	0.88mi
1616 Gallagher St Louisville, KY	3.0	1.5	1056	$1,400	$1.33	24d	1	0.89mi
1438 Lillian Ave Louisville, KY	2.0	1.0	777	$1,050	$1.35	17d	1	0.91mi
3004 Wyandotte Ave Louisville, KY	2.0	1.0	700	$1,200	$1.71	16d	1	0.92mi
2807 Dumesnil St Unit 101 Louisville, KY	1.0	1.0	750	$950	$1.27	24d	1	0.94mi
1439 Beech St Apt 1 Louisville, KY	3.0	1.5	1000	$820	$0.82	24d	1	0.95mi
2706 Hale Ave Unit 2 Louisville, KY	2.0	1.0	900	$1,250	$1.39	24d	1	0.97mi
2706 Hale Ave Unit 1 Louisville, KY	3.0	1.0	1100	$1,400	$1.27	24d	1	0.97mi
1731 Sonne Ave Louisville, KY	3.0	1.0	1010	$1,300	$1.29	16d	1	0.97mi
2311 Plantation Dr Louisville, KY	3.0	1.0	988	$1,200	$1.21	16d	1	0.99mi
1418 Beech St Unit 2 Louisville, KY	2.0	1.0	1000	$980	$0.98	21d	1	1.00mi
1726 Sonne Ave Louisville, KY	2.0	1.0	820	$1,095	$1.34	16d	1	1.02mi
2913 Dumesnil St Apt 3 Louisville, KY	3.0	1.0	1112	$740	$0.67	10d	1	1.02mi
3005 Linwood Ave Louisville, KY	2.0	1.0	700	$1,025	$1.46	16d	1	1.02mi
3019 Penway Ave Louisville, KY	2.0	1.0	700	$960	$1.37	12d	1	1.05mi
1644 W Kentucky St Unit 3 Louisville, KY	3.0	1.0	900	$950	$1.06	24d	1	1.07mi
1443 S 32nd St Unit 2 Louisville, KY	1.0	1.0	550	$780	$1.42	24d	1	1.09mi
2708 Greenwood Ave Apt 1 Louisville, KY	3.0	1.0	1100	$1,300	$1.18	24d	1	1.14mi

Listing history 35 events

1. 2026-06-18
   days on market $124,500 Active 97 DOM
2. 2026-06-17
   days on market $124,500 Active 96 DOM
3. 2026-06-16
   days on market $124,500 Active 95 DOM
4. 2026-06-15
   days on market $124,500 Active 94 DOM
5. 2026-06-13
   days on market $124,500 Active 92 DOM
6. 2026-06-10
   days on market $124,500 Active 89 DOM
7. 2026-06-09
   days on market $124,500 Active 88 DOM
8. 2026-06-08
   days on market $124,500 Active 87 DOM
9. 2026-06-07
   days on market $124,500 Active 86 DOM
10. 2026-06-03
    days on market $124,500 Active 82 DOM
11. 2026-06-02
    days on market $124,500 Active 81 DOM
12. 2026-06-01
    days on market $124,500 Active 80 DOM
13. 2026-05-31
    days on market $124,500 Active 79 DOM
14. 2026-03-13
    listed $124,500 Active
15. 2026-02-28
    historical
16. 2026-02-17
    price $124,500
17. 2026-02-17
    price $124,500
18. 2026-01-31
    price $128,000
19. 2026-01-31
    price $128,000
20. 2026-01-09
    price $139,000
21. 2026-01-09
    price $139,000
22. 2025-11-18
    price $145,000
23. 2025-11-18
    price $145,000
24. 2025-09-23
    price $152,000
25. 2025-09-23
    price $152,000
26. 2025-08-25
    price $157,000
27. 2025-08-25
    price $157,000
28. 2025-08-06
    listed $165,000 Active
29. 2025-08-06
    listed $165,000 Active
30. 2025-06-24
    soldstatus $48,000
31. 2025-06-23
    soldstatus $48,000 Closed
32. 2025-06-10
    status Pending
33. 2025-06-06
    price $55,000
34. 2025-05-29
    listed $60,000 Active
35. 2005-03-23
    soldstatus $25,000

ⓘ 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: $432 · $36/mo
• Projected year-2 tax: $1,071 · $89/mo
• Expected delta: +$638/yr (+$53/mo · 147.6%)

ⓘ 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: $12,150
• − Mortgage interest: −$6,974
• − Property taxes: −$432
• − Insurance: −$622
• − Repairs & maintenance: −$972
• − Management: −$972
• − Depreciation: −$3,622
• Taxable loss: −$1,444
• Est. tax savings @ 24.0%: +$347
• After-tax cash flow: $1,056/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

+398.0% since first listed

22 events — show timeline

• 2026-03-13 Listed $124,500 Metro Search MLS
• 2026-02-28 Listing Removed — Metro Search MLS
• 2026-02-17 Price Changed $124,500 HKARMLS
• 2026-02-17 Price Changed $124,500 Metro Search MLS
• 2026-01-31 Price Changed $128,000 HKARMLS
• 2026-01-31 Price Changed $128,000 Metro Search MLS
• 2026-01-09 Price Changed $139,000 HKARMLS
• 2026-01-09 Price Changed $139,000 Metro Search MLS
• 2025-11-18 Price Changed $145,000 HKARMLS
• 2025-11-18 Price Changed $145,000 Metro Search MLS
• 2025-09-23 Price Changed $152,000 HKARMLS
• 2025-09-23 Price Changed $152,000 Metro Search MLS
• 2025-08-25 Price Changed $157,000 HKARMLS
• 2025-08-25 Price Changed $157,000 Metro Search MLS
• 2025-08-06 Listed $165,000 Metro Search MLS
• 2025-08-06 Listed $165,000 HKARMLS
• 2025-06-24 Sold (Public Records) $48,000 Public Records
• 2025-06-23 Sold (MLS) $48,000 Metro Search MLS
• 2025-06-10 Pending — Metro Search MLS
• 2025-06-06 Price Changed $55,000 Metro Search MLS
• 2025-05-29 Listed $60,000 Metro Search MLS
• 2005-03-23 Sold (Public Records) $25,000 Public Records

Property tax history

+4.0%/yr

Latest (2025): $432 · -1.9% YoY. Source: county tax records.