4-Unit
For Sale
$425,000
7515 Garrison Rd, Louisville, KY 40214
Four-unit residential property with all units occupied by long-term tenants.
Property Size3,220 SF
Price / SF$131.99
Days on Market55
Property Features for 7515 Garrison Rd
General Information
Standard status
Active
Size
3,220 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
4
Building Details
Year Built
1969
Listing Agency:
Real Estate Unlimited
Listed By:
Winnie Nguyen
(502) 454-4404
Source:
Familyrealty
Added: Aug 26
Changed: Oct 9
Last Checked: Oct 7 at 1:10PM
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 Real Estate Unlimited
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Investment Insights
Based on property information with market context.
This 3,220-square-foot quadplex contains four residential units, each currently occupied by a long-term tenant. The property is located at 7515 Garrison Rd in Louisville, Kentucky, and is offered for sale. Existing occupancy provides an established tenant base across the building, while the four-unit configuration offers a straightforward multifamily format for ownership and management.
Key Highlights
- Four residential units in a quadplex configuration
- 3,220 square feet of property size
- All four units are occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,082
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$621,640
$621.6K
Cap Rate 7%
$444,029
$444.0K
Cap Rate 9%
$345,356
$345.4K
Market Conditions
NOI Build-Up for 3,220 SF
Gross rent
$48.3K $15.00/SF
− Vacancy
−$3.9K −$1.21/SF
EGI
$44.4K $13.79/SF
− OpEx
−$13.3K −$4.14/SF
NOI
$31.1K $9.65/SF
Area
ZIP 40214
Vacancy
8.07%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$621,640
Cap Rate 7%
$444,029
Cap Rate 9%
$345,356
Alternative Uses
Best Use
Multifamily LT 5
$444.0K
$388.5K – $518.0K
NOI $31,082 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$402.8K
$352.5K – $469.9K
NOI $28,196 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$771.6K
$675.1K – $900.2K
NOI $54,009 @ 7.0% cap · market cap 12.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Explore this area
Business Placement
Demographics for 40214, KY
46,220
Population
20,459
Households
2.3
Avg Household Size
37
Median Age
23%
College-Educated
85%
High-School Grad
15.0 sq mi
ZIP Area
3,081
Density / Sq Mi
$53,563
Median Household Income
$37,121
Median Earnings
$950
Median Rent
$176,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential property with all units occupied by long-term tenants.
Where is this quadplex located?
The property is located at 7515 Garrison Rd Louisville, KY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Four residential units in a quadplex configuration; 3,220 square feet of property size; All four units are occupied
