4-Unit
For Sale
$360,000
10400 Greentree Ln, Louisville, KY 40272
Four matching two-bedroom residences include washer and dryer amenities, new dishwashers, and new windows.
Property Size3,410 SF
Price / SF$105.57
Days on Market13
Property Features for 10400 Greentree Ln
General Information
Standard status
Active
Size
3,410 SF
Property subtype
Multifamily
Zoning
R6
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Amenities
washer/dryer
dishwasher
Building Details
Year Built
1972
Buildings
1
Listing Agency:
Hoagland Commercial
Listed By:
Christopher O'Rear
(502) 550-7658
Source:
Kcrea.resimplifi
Added: Oct 15
Changed: Oct 26
Last Checked: Oct 26 at 3:50PM
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.
This 3,410-square-foot quadplex contains four residences, each configured with two bedrooms and one bathroom. Washer and dryer amenities are included, and the property has new dishwashers and windows. The building dates to 1972 and is zoned R6.
The property is located at 10400 Greentree Ln in Louisville, Kentucky.
The property is located at 10400 Greentree Ln in Louisville, Kentucky.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- 3,410 square feet
- Washer and dryer amenities included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,693
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,860
$573.9K
Cap Rate 7%
$409,900
$409.9K
Cap Rate 9%
$318,811
$318.8K
Market Conditions
NOI Build-Up for 3,410 SF
Gross rent
$43.4K $12.72/SF
− Vacancy
−$2.4K −$0.70/SF
EGI
$41.0K $12.02/SF
− OpEx
−$12.3K −$3.61/SF
NOI
$28.7K $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%
$573,860
Cap Rate 7%
$409,900
Cap Rate 9%
$318,811
Alternative Uses
Best Use
Multifamily LT 5
$409.9K
$358.7K – $478.2K
NOI $28,693 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$331.5K
$290.1K – $386.8K
NOI $23,207 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$883.9K
$773.4K – $1.03M
NOI $61,871 @ 7.0% cap · market cap 17.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four matching two-bedroom residences include washer and dryer amenities, new dishwashers, and new windows.
Where is this quadplex located?
The property is located at 10400 Greentree Ln Louisville, KY.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; 3,410 square feet; Washer and dryer amenities included
