1805 Dixie Hwy - Apartments FOR SALE


Louisville, KY 40210- Algonquin
$982,900 USD
502-497-1267
1805 Dixie Hwy, Louisville, KY for Sale
$982,900 USD
Apartments - FOR SALE
1/12
null | 9.13% Cap Rate

1805 Dixie Hwy
Louisville, KY 40210
Algonquin


HIGHLIGHTS

  • 10-unit stabilized portfolio across multiple Louisville locations
  • Attractive 9.13% cap rate on in-place income
  • NOI of $89,778 with balanced operating profile
  • $98k per unit entry point
  • Section 8 and market tenants provide income stability
  • Diverse 2–4 bedroom unit mix in established neighborhoods

OVERVIEW

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

FOR SALE DETAILS

PRICE

$982,900 USD

PRICE/SF

$331 USD /SF

# OF UNITS

10

PRICE/UNIT

$98,290

CAP RATE

9.13%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

13.53 AC

LAND SF

589,367 SF

ZONING

-

APN/PARCEL ID

041M00K10000

ASK ABOUT THIS PROPERTY

Michaela JohnsonNoir Realty Ky LLCMore Info
502-497-1267

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Michaela JohnsonNoir Realty Ky LLCMore Info
502-497-1267

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.