Quadplex with On-Site
501 W 5th Street Jeffersonville, IN 47130
For Sale
$375,000
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 Market723
Property Features for 501 W 5th Street
General Information
- Standard status
- Active
- Size
- 2,280 SF
- Property subtype
- Fourplex
Building Details
- Year Built
- 1978
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: Aug 1, 2024
Changed: Jul 23
Last Checked: Jul 23 at 11:05AM
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 For Multifamily LT 5
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 | $38.9k | $17.04 |
| − Vacancy | −$2.0k | −$0.89 |
| EGI | $36.8k | $16.15 |
| − OpEx | −$11.0k | −$4.85 |
| NOI | $25.8k | $11.31 |
2,280 SF · lease $17.04/SF/yr · vacancy 5.22% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
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 W 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
