1BR Apartment
For Sale
$3,000,000
310 W Maple St, Jeffersonville, IN 47130
Well-positioned 28-unit apartment community featuring all 1-bedroom, 1-bath units with 96.42% occupancy.
Property Size22,185 SF
Price / SF$135.23
Days on Market172
Property Features for 310 W Maple St
General Information
Standard status
Active
Size
22,185 SF
Property subtype
Investment
Zoning
M1
Occupancy
96%
Additional Details
Multifamily Units
28
Building Details
Year Built
1974
Listing Agency:
TRIO Commercial Property Group
Listed By:
Justin Baker · License #204053
(502) 645-1911
Source:
Kcrea.resimplifi
Added: May 6
Changed: Oct 14
Last Checked: Oct 23 at 3:32AM
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 TRIO Commercial Property Group
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Investment Insights
Based on property information with market context.
This well-positioned 28-unit apartment community is comprised entirely of 1-bedroom and 1-bathroom units. The property is currently operating with a 96.42% occupancy rate, supporting strong in-place income. Recent capital improvements are noted, along with simple operations.
The offering represents an opportunity to acquire a stable, income-producing residential asset. It has not been brought to market since 2006, according to the provided remarks.
The community’s unit mix is consistent throughout, with all apartments offering the same 1 bedroom and 1 bathroom configuration.
The offering represents an opportunity to acquire a stable, income-producing residential asset. It has not been brought to market since 2006, according to the provided remarks.
The community’s unit mix is consistent throughout, with all apartments offering the same 1 bedroom and 1 bathroom configuration.
Key Highlights
- 28‑unit apartment community built in 1974
- All units are 1‑bedroom, 1‑bath layouts
- 96.42% occupancy rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$233,842
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,676,840
$4.7M
Cap Rate 7%
$3,340,600
$3.3M
Cap Rate 9%
$2,598,244
$2.6M
Market Conditions
NOI Build-Up for 22,185 SF
Gross rent
$449.9K $20.28/SF
− Vacancy
−$24.7K −$1.12/SF
EGI
$425.2K $19.16/SF
− OpEx
−$191.3K −$8.62/SF
NOI
$233.8K $10.54/SF
Area
Clark County, IN
Vacancy
5.50%
Lease Rate
$20.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,676,840
Cap Rate 7%
$3,340,600
Cap Rate 9%
$2,598,244
Alternative Uses
Best Use
Apartment 5plus
$3.34M
$2.92M – $3.90M
NOI $233,842 @ 7.0% cap · market cap 7.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.45M
$5.64M – $7.53M
NOI $451,509 @ 7.0% cap · market cap 15.05%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
28
Residential units
96.4%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,386
Businesses Nearby
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Business Placement
Demographics for 47130, IN
48,481
Population
22,602
Households
2.1
Avg Household Size
39
Median Age
25%
College-Educated
92%
High-School Grad
33.9 sq mi
ZIP Area
1,430
Density / Sq Mi
$68,412
Median Household Income
$40,941
Median Earnings
$1,090
Median Rent
$203,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Well-positioned 28-unit apartment community featuring all 1-bedroom, 1-bath units with 96.42% occupancy.
Where is this apartment building located?
The property is located at 310 W Maple St Jeffersonville, IN.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 28‑unit apartment community built in 1974; All units are 1‑bedroom, 1‑bath layouts; 96.42% occupancy rate
