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The Quad Apartments 600 Marshall St 79 Unit Apartment Building For Sale Louisville, KY 40202

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Investment Highlights

?Newer construction minimizes near-term capital needs and deferred maintenance.
?Louisville leads the nation in asking-rent growth at 5.4%.

?In-place rents remain approximately 6% below market, creating immediate revenue upside.
?Walkable urban location with convenient access to major employers, dining, and entertainment.

Executive Summary

DEAL ROOM & OM: https://www.?marcusmillichap.?com/properties/307547/the-quad
Sale Notes:
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 6% 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.?

Property Facts

Sale Type	Investment	Building Size	62,753 SF
No. Units	79	Average Occupancy	90%
Property Type	Multifamily	No. Stories	3
Property Subtype	Apartment	Year Built/Renovated	2011/2015
Apartment Style	Low-Rise	Parking Ratio	1.13/1,000 SF
Building Class	B	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	0.59 AC

Sale Type	Investment
No. Units	79
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	B
Lot Size	0.59 AC
Building Size	62,753 SF
Average Occupancy	90%
No. Stories	3
Year Built/Renovated	2011/2015
Parking Ratio	1.13/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.