1BR Apartment
For Sale
Contact for pricing
310 W Maple Street, 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 Market126
Property Features for 310 W Maple Street
General Information
Standard status
Active
Size
22,185 SF
Property subtype
Multifamily
Zoning
M-1
Occupancy
96%
Investment Type
Stabilized
Additional Details
Multifamily Units
28
Building Details
Year Built
1974
Buildings
1
Units
28
Tenancy
Multi
Listing Agency:
TRIO Commercial Property Group LLC
Listed By:
Justin Baker · License #KY 204053
(502) 454-0911
Source:
Crexi
Added: May 6
Changed: Aug 31
Last Checked: Sep 8 at 8:26AM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$233,842
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
28
Residential units
Location Intelligence
Trade Area within ½ mile
1,386
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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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 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
