The Quad — Sale in Louisville, KY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Louisville, KY 40202

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Description

Marcus & Millichap is pleased to present the exclusive offering of The Quad Apartments, a 79-unit multifamily community located in downtown Louisville, Kentucky. Built in 2011, the property is offered at an attractive basis well below replacement cost, providing investors the opportunity to acquire a newer vintage asset in one of Louisville's most walkable urban neighborhoods. Constructed within the last fifteen years, The Quad allows new ownership to focus on operational improvements and revenue growth rather than significant capital expenditures. The property features an in-place average rent of $889 per unit compared to a market rent of $941, representing approximately six percent loss-to-lease. Additional upside exists through continued occupancy stabilization and strategic management initiatives. Ideally situated in the heart of downtown Louisville, The Quad offers residents convenient access to the Louisville CBD, Louisville International Airport, UPS Worldport, and the region's largest employment centers. The surrounding neighborhood boasts a Walk Score of 87, placing restaurants, entertainment, retail, and daily conveniences within easy walking distance and supporting long-term renter demand. Investment Highlights: • 79 Units Offered at an Extremely Competitive Basis Considering Newer Vintage at Less than $100K Per Unit • Urban-Market Footprint in Downtown Louisville, Placing Residents Minutes from the CBD, UPS Worldport and River Ridge Commerce Center • Low Capital Needs - 2011 Vintage Allow New Ownership to Focus on Operations and Revenue Instead of Capex • Supply-Constrained Market - Louisville Leads the Nation in Asking Rent Growth at 5.4 Percent Versus 1.3 Percent

Market Context

This multifamily in Louisville, KY is listed for sale. Compare it against other multifamily listings for sale in Louisville, KY — view the full market.

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