Quadplex with On-Site
For Sale
$375,000
501 5th Street, Jeffersonville, IN 47130
Four occupied 1-bedroom, 1-bath units with on-site parking, leases ending by year’s end.
Property Size2,280 SF
Price / SF$164.47
Days on Market758
Property Features for 501 5th Street
General Information
Standard status
Active
Size
2,280 SF
Property subtype
Fourplex
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,604
Amenities
Central Air
3
Dishwasher, Refrigerator, Range, Oven
Shingle
Stone
Wood, Stone
0.22930000722408295
Paved Road.
Building Details
Year Built
1978
Stories
1
Tenancy
Multi
Listing Agency:
Schuler Bauer Real Estate Services ERA Powered (N
(812) 948-2888
Listed By:
Jordan Rajchel · License #RB18001832
(812) 948-2888
Source:
Xome
Added: Jul 16, 2024
Changed: Aug 8
Last Checked: Aug 11 at 4:59AM
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 Schuler Bauer Real Estate Services ERA Powered (N
Investment Insights
Based on property information with market context.
This quadplex offers four 1-bedroom, 1-bath units, all currently occupied. The property includes on-site parking for residents. According to the seller, all leases are up by the end of the year, with the potential for renegotiation at that time.
Located at 501 W 5th Street in Jeffersonville, IN 47130, the property is described as having commercial appeal right off Court Avenue near I-65. The building is a residential income setup structured as a four-unit asset.
The four-unit configuration is identified as the maximum number to still qualify for residential financing, which may be a practical consideration for qualified buyers.
Located at 501 W 5th Street in Jeffersonville, IN 47130, the property is described as having commercial appeal right off Court Avenue near I-65. The building is a residential income setup structured as a four-unit asset.
The four-unit configuration is identified as the maximum number to still qualify for residential financing, which may be a practical consideration for qualified buyers.
Key Highlights
- Four occupied 1‑bedroom, 1‑bath units with on‑site parking
- All leases end by year’s end (with all units currently occupied)
- Central air cooling and heating are included; appliances include dishwasher, refrigerator, range, and oven
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
$25,776
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
6.87%
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%
$515,520
$515.5K
Cap Rate 7%
$368,229
$368.2K
Cap Rate 9%
$286,400
$286.4K
Market Conditions
NOI Build-Up for 2,280 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
$38.9K $17.04/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$36.8K $16.15/SF
− OpEx
−$11.0K −$4.85/SF
NOI
$25.8K $11.31/SF
Area
Clark County, IN
Vacancy
5.22%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
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%
$515,520
Cap Rate 7%
$368,229
Cap Rate 9%
$286,400
Alternative Uses
Best Use
Multifamily LT 5
$368.2K
$322.2K – $429.6K
NOI $25,776 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$343.3K
$300.4K – $400.5K
NOI $24,032 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$662.9K
$580.0K – $773.4K
NOI $46,403 @ 7.0% cap · market cap 12.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
39
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?
Quadplex - Four occupied 1-bedroom, 1-bath units with on-site parking, leases ending by year’s end.
Where is this quadplex located?
The property is located at 501 5th Street Jeffersonville, IN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Four occupied 1‑bedroom, 1‑bath units with on‑site parking; All leases end by year’s end (with all units currently occupied); Central air cooling and heating are included; appliances include dishwasher, refrigerator, range, and oven
