2189 Baringer Ave - Apartments FOR SALE


Louisville, KY 40204- Cherokee Triangle
$1,649,999 USD
503-853-5278
2189 Baringer Ave, Louisville, KY for Sale
$1,649,999 USD
Apartments - FOR SALE
1/36
null | Request Cap Rate

2189 Baringer Ave
Louisville, KY 40204
Cherokee Triangle


OVERVIEW

Welcome to 2189 Baringer Ave an exceptional 11 unit trophy multifamily asset located in the heart of Cherokee Triangle / The Highlands, one of Louisville's most sought-after and walkable neighborhoods. This legacy property presents a rare opportunity to acquire a premier asset in a location known for its historic charm, vibrant dining scene, and proximity to parks and local amenities. The property consists of eleven spacious 2-bedroom, 1-bath units, appealing to a broad and stable tenant base. Four units have been recently renovated, featuring granite countertops, new cabinetry, stainless steel appliances, LVP flooring, and updated tile bathrooms offering immediate upside and a clear path for continued value-add improvements. Current rents total $10,567/month with one unit vacant, providing both in-place cash flow and the opportunity to further increase revenue through lease-up, rental growth, utility bill-back implementation, and additional renovations. The property has consistently demonstrated strong tenant demand, low turnover, and ease of leasing. Additional highlights include off-street rear parking, dedicated storage for each unit, and on-site coin-operated laundry enhancing tenant convenience and long-term retention. Opportunities to acquire an asset of this scale and quality in Cherokee Triangle are exceedingly rare, making this a standout addition to any investor's portfolio. See attached virtual tour, rent roll and floor plan for unit layouts.

FOR SALE DETAILS

PRICE

$1,649,999 USD

PRICE/SF

$330 USD /SF

# OF UNITS

11

PRICE/UNIT

$150,000

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1969

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R6

APN/PARCEL ID

077B00490000

ASK ABOUT THIS PROPERTY

Jake BradyNest RealtyMore Info
503-853-5278

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Jake BradyNest RealtyMore Info
503-853-5278

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