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Grandview Apartments 1909 San Jose Ave 12 Unit Apartment Building $1,309,233 CAD ($109,103 CAD/Unit) 7.80% Cap Rate Louisville, KY 40216
Executive Summary
This well-maintained 12-plex sits on a desirable corner lot with ample off-street parking, making it highly attractive to tenants. The property has seen numerous updates, including the addition of a coin-operated laundry facility in the basement—providing both tenant convenience and an additional income stream.
The current rent roll is $9,050/month, with scheduled increases bringing it to $9,400/month as of June 1, 2026. Over the past two years, ownership has successfully increased rents from $6,575 to current levels, demonstrating proven upside and continued value-add potential.
Operating at a solid 7.8% cap rate, this asset offers strong cash flow with room for further growth. A turnkey investment that is easy to manage and positioned for continued income expansion.
Strong rent roll with performing steady growth! Great location, easy to rent! Coin laundry for extra income and onsite convenience for tenants, plenty of parking!
The current rent roll is $9,050/month, with scheduled increases bringing it to $9,400/month as of June 1, 2026. Over the past two years, ownership has successfully increased rents from $6,575 to current levels, demonstrating proven upside and continued value-add potential.
Operating at a solid 7.8% cap rate, this asset offers strong cash flow with room for further growth. A turnkey investment that is easy to manage and positioned for continued income expansion.
Strong rent roll with performing steady growth! Great location, easy to rent! Coin laundry for extra income and onsite convenience for tenants, plenty of parking!
Property Facts
| Price | $1,309,233 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $109,103 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.56 AC |
| Cap Rate | 7.80% | Building Size | 9,260 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | ||
| Zoning | R5-RESIDEN | ||
| Price | $1,309,233 CAD |
| Price Per Unit | $109,103 CAD |
| Sale Type | Investment |
| Cap Rate | 7.80% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.56 AC |
| Building Size | 9,260 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Zoning | R5-RESIDEN |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 575 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 109300230000 | Improvements Assessment | $774,784 CAD |
| Land Assessment | $131,878 CAD | Total Assessment | $906,662 CAD |
Property Taxes
Parcel Number
109300230000
Land Assessment
$131,878 CAD
Improvements Assessment
$774,784 CAD
Total Assessment
$906,662 CAD
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Presented by
Genesis Realty, Llc
Grandview Apartments | 1909 San Jose Ave
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