12-Unit Multifamily
10316 Greentree Ln, Louisville, KY 40272
For Sale
$1,050,000
Three buildings offer a mix of two- and one-bedroom apartments, with washer and dryer amenities in select units.
Property Size9,472 SF
Price / SF$110.85
Days on Market26
Property Features for 10316 Greentree Ln
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
washer/dryer
Building Details
Buildings
Listing Agency:
Hoagland Commercial
Listed By:
Christopher O'Rear
(502) 550-7658
Source:
Kcrea.resimplifi
Added: Oct 15
Changed: Nov 7
Last Checked: Nov 8 at 2:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hoagland Commercial
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Investment Insights
Based on property information with market context.
The portfolio includes three four-unit apartment buildings totaling 9,472 square feet. Its unit mix consists of ten two-bedroom, one-bath apartments and two one-bedroom, one-bath apartments. The two buildings on Greentree Lane each contain four two-bedroom units with washer and dryer amenities. At the South 6th Street property, two units have washer and dryer amenities; the other two are one-bedroom apartments. Zoning is R6.
Two of the buildings are on Greentree Lane in Louisville, and the third is on South 6th Street in the Beechmont neighborhood. The properties are offered together as one transaction.
Two of the buildings are on Greentree Lane in Louisville, and the third is on South 6th Street in the Beechmont neighborhood. The properties are offered together as one transaction.
Key Highlights
- 12 apartments across three four‑unit buildings
- 9,472 square feet in total
- Unit mix: ten 2BR/1BA apartments and two 1BR/1BA apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,700
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,594,000
$1.6M
Cap Rate 7%
$1,138,571
$1.1M
Cap Rate 9%
$885,556
$885.6K
Market Conditions
NOI Build-Up for 9,472 SF
Gross rent
$120.5K $12.72/SF
− Vacancy
−$6.6K −$0.70/SF
EGI
$113.9K $12.02/SF
− OpEx
−$34.2K −$3.61/SF
NOI
$79.7K $8.41/SF
Area
Louisville, KY
Vacancy
5.50%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,594,000
Cap Rate 7%
$1,138,571
Cap Rate 9%
$885,556
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$996.3K – $1.33M
NOI $79,700 @ 7.0% cap · market cap 7.59%
Second Best
Apartment 5plus
$920.9K
$805.8K – $1.07M
NOI $64,462 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$2.46M
$2.15M – $2.86M
NOI $171,860 @ 7.0% cap · market cap 16.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
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Business Placement
Demographics for 40272, KY
37,747
Population
15,469
Households
2.4
Avg Household Size
39
Median Age
19%
College-Educated
90%
High-School Grad
33.3 sq mi
ZIP Area
1,134
Density / Sq Mi
$66,382
Median Household Income
$37,644
Median Earnings
$1,147
Median Rent
$169,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in Louisville, KY
Properties on Market for Multifamily properties in Louisville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Three buildings offer a mix of two- and one-bedroom apartments, with washer and dryer amenities in select units.
Where is this multifamily property located?
The property is located at 10316 Greentree Ln Louisville, KY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 12 apartments across three four‑unit buildings; 9,472 square feet in total; Unit mix: ten 2BR/1BA apartments and two 1BR/1BA apartments
