Cherokee Triangle 14-Unit Apartment
For Sale
$1,556,000
2020 Midland Ave, Louisville, KY 40204
Historic 14-unit apartment building in Louisville's Cherokee Triangle.
Property SizeContact for details
Days on Market128
Property Features for 2020 Midland Ave
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
Louisville
(502) 466-6407
Listed By:
Reed Weinberg · License #246944
(502) 466-6407
Source:
Colliers
Added: Apr 7
Changed: Aug 8
Last Checked: Jul 16 at 1:41AM
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 Louisville
Investment Insights
Based on property information with market context.
Located in the historic Cherokee Triangle, this property features 14 units, each with one bedroom and one bathroom. Purpose-built as apartments, a relatively uncommon feature in this submarket, the property is positioned steps from walkable corridors, providing convenient access to shopping, dining, and services. The property has been under consistent professional management for decades. Units are equipped with forced air heating and central air. Tenants are responsible for gas and electric, contributing to controlled operating expenses. A water and trash recapture program further enhances savings. While the current unit conditions meet market demand, there is an opportunity for a new owner to implement upgrades and drive further rent growth. The property has been well maintained with no significant deferred maintenance, and a full electrical panel upgrade was completed in 2023. The property offers stable cash flow and long-term appreciation.
Key Highlights
- Rare, purpose‑built 14‑unit apartment building in the desirable Cherokee Triangle.
- Prime location: Steps from Louisville's most walkable corridors with convenient access to shopping, dining, and services.
- Opportunity to increase rents through unit upgrades, as current rents are below sub‑market averages.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,050
Businesses Nearby
Explore this area
Business Placement
Demographics for 40204, KY
14,600
Population
8,759
Households
1.7
Avg Household Size
38
Median Age
63%
College-Educated
97%
High-School Grad
3.2 sq mi
ZIP Area
4,563
Density / Sq Mi
$70,706
Median Household Income
$50,246
Median Earnings
$1,225
Median Rent
$314,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Historic 14-unit apartment building in Louisville's Cherokee Triangle.
Where is this apartment building located?
The property is located at 2020 Midland Ave Louisville, KY.
What is the asking price?
The asking price for this property is $1,556,000.
What are key features of this property?
This property features: Rare, purpose‑built 14‑unit apartment building in the desirable Cherokee Triangle.; Prime location: Steps from Louisville's most walkable corridors with convenient access to shopping, dining, and services.; Opportunity to increase rents through unit upgrades, as current rents are below sub‑market averages.
