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1805 Dixie Hwy 10 Unit Apartment Building $982,900 ($98,290/Unit) 9.13% Cap Rate Louisville, KY 40210
INVESTMENT HIGHLIGHTS
- 10-unit stabilized portfolio across multiple Louisville locations
- NOI of $89,778 with balanced operating profile
- Section 8 and market tenants provide income stability
- Attractive 9.13% cap rate on in-place income
- $98k per unit entry point
- Diverse 2–4 bedroom unit mix in established neighborhoods
EXECUTIVE SUMMARY
The LaSalle Place Portfolio presents investors with a unique opportunity to acquire a 10-unit stabilized condo and townhome package in Louisville, KY. The portfolio features a mix of 2–4 bedroom units with both market-rate and Section 8 tenants, providing a balanced tenant base and consistent rental income.
With an updated portfolio value of $982,900, this offering delivers strong in-place cash flow with a 9.13% cap rate and the potential for continued growth through rental optimization and professional management.
The properties are strategically located within established neighborhoods, close to employment centers, schools, and transit access. The diversified mix of units and tenant programs creates a stable foundation for both conservative and growth-oriented investors.
Property Type: Multifamily – Condos/Townhomes
Investment Type: Portfolio (10 Units)
Sub-Type: Condominiums/Townhomes
Class: B- / C (workforce housing; stable tenant mix)
Sale Condition: Investment Portfolio
Units: 10
Stories: 2–3 (typical townhome/condo layout)
Year Built / Renovated: 1900
City: Louisville, KY
Addresses:
1737 Algonquin Parkway
1805 Dixie Highway
1808 LaSalle Place
1811 LaSalle Place
1818 LaSalle Place
1840 LaSalle Place
1848 LaSalle Place
1827 Dixie Highway
1904 Magellan Court
1953 Magellan Court
With an updated portfolio value of $982,900, this offering delivers strong in-place cash flow with a 9.13% cap rate and the potential for continued growth through rental optimization and professional management.
The properties are strategically located within established neighborhoods, close to employment centers, schools, and transit access. The diversified mix of units and tenant programs creates a stable foundation for both conservative and growth-oriented investors.
Property Type: Multifamily – Condos/Townhomes
Investment Type: Portfolio (10 Units)
Sub-Type: Condominiums/Townhomes
Class: B- / C (workforce housing; stable tenant mix)
Sale Condition: Investment Portfolio
Units: 10
Stories: 2–3 (typical townhome/condo layout)
Year Built / Renovated: 1900
City: Louisville, KY
Addresses:
1737 Algonquin Parkway
1805 Dixie Highway
1808 LaSalle Place
1811 LaSalle Place
1818 LaSalle Place
1840 LaSalle Place
1848 LaSalle Place
1827 Dixie Highway
1904 Magellan Court
1953 Magellan Court
PROPERTY FACTS
| Price | $982,900 | Apartment Style | Townhome |
| Price Per Unit | $98,290 | Building Class | C |
| Sale Type | Investment | Lot Size | 13.53 AC |
| Cap Rate | 9.13% | Building Size | 2,972 SF |
| Sale Condition | Bulk/Portfolio Sale | No. Stories | 1 |
| No. Units | 10 | Year Built | 1900 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | Parcel Number | 041M00K10000 |
| Price | $982,900 |
| Price Per Unit | $98,290 |
| Sale Type | Investment |
| Cap Rate | 9.13% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 13.53 AC |
| Building Size | 2,972 SF |
| No. Stories | 1 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
| Parcel Number | 041M00K10000 |
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1805 Dixie Hwy
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