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Church Way Apartments 4219-4221 N Church Way 24 Unit Apartment Building $2,835,580 CAD ($118,149 CAD/Unit) Louisville, KY 40207



Executive Summary
Hoagland Commercial is pleased to exclusively present a 17-unit multifamily investment opportunity located in the heart of St. Matthews, one of Louisville's most desirable and consistently high-performing apartment submarkets.
This value-add asset offers investors the opportunity to unlock meaningful upside through strategic improvements and operational enhancements while benefiting from the area's historically strong occupancy, limited apartment supply, and sustained rental demand. Currently, seven of the property's 17 units are vacant, providing investors with an immediate opportunity to lease the units at market rental rates and realize meaningful near-term NOI growth.
Positioned in a premier infill location with convenient access to major employment centers, retail, dining, and healthcare, the property represents an attractive opportunity for both local and out-of-market investors seeking long-term appreciation and increased cash flow.
Contact the Listing Agents for additional details or to schedule a showing.
This value-add asset offers investors the opportunity to unlock meaningful upside through strategic improvements and operational enhancements while benefiting from the area's historically strong occupancy, limited apartment supply, and sustained rental demand. Currently, seven of the property's 17 units are vacant, providing investors with an immediate opportunity to lease the units at market rental rates and realize meaningful near-term NOI growth.
Positioned in a premier infill location with convenient access to major employment centers, retail, dining, and healthcare, the property represents an attractive opportunity for both local and out-of-market investors seeking long-term appreciation and increased cash flow.
Contact the Listing Agents for additional details or to schedule a showing.
Property Facts
| Price | $2,835,580 CAD | Building Class | C |
| Price Per Unit | $118,149 CAD | Lot Size | 0.39 AC |
| Sale Type | Investment | Building Size | 13,110 SF |
| No. Units | 24 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 2.14/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | OR3-OFFICE | ||
| Price | $2,835,580 CAD |
| Price Per Unit | $118,149 CAD |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 13,110 SF |
| No. Stories | 3 |
| Year Built | 1969 |
| Parking Ratio | 2.14/1,000 SF |
| Zoning | OR3-OFFICE |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | 900 |
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 053400220000 | Improvements Assessment | $604,982 CAD |
| Land Assessment | $340,150 CAD | Total Assessment | $945,132 CAD |
Property Taxes
Parcel Number
053400220000
Land Assessment
$340,150 CAD
Improvements Assessment
$604,982 CAD
Total Assessment
$945,132 CAD
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Church Way Apartments | 4219-4221 N Church Way
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