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2628 Lindsay Ave 16 Unit Apartment Building $1,500,000 ($93,750/Unit) Louisville, KY 40206
Executive Summary
Hoagland Commercial Realtors is pleased to present this 16-unit multifamily opportunity for sale in Louisville located in the highly desirable Clifton Heights neighborhood, just north of Brownsboro Road. This 16-unit portfolio consists of a mix of well-maintained duplex and quad-style buildings, all situated along its own side-street—offering operational efficiency and strong long-term hold appeal. There are twelve (2-br) and four (1-br) units.
All units are separately metered, providing clean expense allocation and flexibility for future ownership. Select units feature washer and dryer hookups, enhancing tenant appeal and rent durability.
Recent capital improvements across the portfolio include multiple new roofs, new outdoor HVAC units, and new water heaters, reducing near-term maintenance concerns for the next owner.
Current rents present a clear value-add opportunity, with the ability to raise rents to market-consistent levels across the property. This offering is well-suited for an investor seeking stable cash flow with upside, or a buyer looking to enter the multi-family space and scale efficiently within a strong infill submarket.
Call or email for additional financials and property details.
All units are separately metered, providing clean expense allocation and flexibility for future ownership. Select units feature washer and dryer hookups, enhancing tenant appeal and rent durability.
Recent capital improvements across the portfolio include multiple new roofs, new outdoor HVAC units, and new water heaters, reducing near-term maintenance concerns for the next owner.
Current rents present a clear value-add opportunity, with the ability to raise rents to market-consistent levels across the property. This offering is well-suited for an investor seeking stable cash flow with upside, or a buyer looking to enter the multi-family space and scale efficiently within a strong infill submarket.
Call or email for additional financials and property details.
Property Facts
| Price | $1,500,000 | Building Class | C |
| Price Per Unit | $93,750 | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 15,850 SF |
| No. Units | 16 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1968 |
| Zoning | R-5 - R-5 - Residential Single Family District | ||
| Price | $1,500,000 |
| Price Per Unit | $93,750 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 15,850 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1968 |
| Zoning | R-5 - R-5 - Residential Single Family District |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 5 | - | - |
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Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 088C00680000 | Improvements Assessment | $436,200 |
| Land Assessment | $0 | Total Assessment | $436,200 |
Property Taxes
Parcel Number
088C00680000
Land Assessment
$0
Improvements Assessment
$436,200
Total Assessment
$436,200
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2628 Lindsay Ave