Investment Overview

Marcus & Millichap is pleased to present the exclusive offering of The Quad Apartments, a 79-unit multifamily community located in downtown Louisville, Kentucky. Built in 2011, the property is offered at an attractive basis well below replacement cost, providing investors the opportunity to acquire a newer vintage asset in one of Louisville's most walkable urban neighborhoods. Constructed within the last fifteen years, The Quad allows new ownership to focus on operational improvements and revenue growth rather than significant capital expenditures. The property features an in-place average rent of $889 per unit compared to a market rent of $941, representing approximately six percent loss-to-lease. Additional upside exists through continued occupancy stabilization and strategic management initiatives. Ideally situated in the heart of downtown Louisville, The Quad offers residents convenient access to the Louisville CBD, Louisville International Airport, UPS Worldport, and the region's largest employment centers. The surrounding neighborhood boasts a Walk Score of 87, placing restaurants, entertainment, retail, and daily conveniences within easy walking distance and supporting long-term renter demand.