1BR Apartment
310 W Maple Street Jeffersonville, IN 47130
For Sale
Contact for pricing
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 Market79
Property Features for 310 W Maple Street
General Information
- Standard status
- Active
- Size
- 22,185 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1974
Listing Agency:
TRIO Commercial Property Group LLC
(502) 454-0911
Listed By:
Justin Baker · License #KY 204053
Source:
Crexi
Added: May 6
Changed: Jul 23
Last Checked: Jul 23 at 6:05PM
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 LLC
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 For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $449.9k | $20.28 |
| − Vacancy | −$24.7k | −$1.12 |
| EGI | $425.2k | $19.16 |
| − OpEx | −$191.3k | −$8.62 |
| NOI | $233.8k | $10.54 |
22,185 SF · lease $20.28/SF/yr · vacancy 5.50% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Beverly Manor Apartments
Apartment Building
FAQs
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 Street 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
